Touchstone reported that year-end 2017 1P reserves increased 20% to 10.7 mmbbl, 2P reserves increased 18% to 18.5 mmbbl, and 3P reserves increased 20% to 24.5 mmbbl. Reserve growth on a debt adjusted share basis was more significant at 60% on 1P reserves, 58% on 2P reserves, and 61% on 3P reserves. Due to the strength of the reserve report, our core NAV estimate has increased 77% to C$0.22 per share and our risked NAV estimate has increased 52% to C$0.60 per share. Touchstone is scheduled to
08 Mar 2018
Touchstone reports year-end 2017 reserves that increased our core NAV estimate by 77%
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Touchstone reports year-end 2017 reserves that increased our core NAV estimate by 77%
Touchstone Exploration Inc (TXP:LON) | 50.5 -0.3 (-1.0%) | Mkt Cap: 118.3m
- Published:
08 Mar 2018 -
Author:
Darren B. Engels -
Pages:
6
Touchstone reported that year-end 2017 1P reserves increased 20% to 10.7 mmbbl, 2P reserves increased 18% to 18.5 mmbbl, and 3P reserves increased 20% to 24.5 mmbbl. Reserve growth on a debt adjusted share basis was more significant at 60% on 1P reserves, 58% on 2P reserves, and 61% on 3P reserves. Due to the strength of the reserve report, our core NAV estimate has increased 77% to C$0.22 per share and our risked NAV estimate has increased 52% to C$0.60 per share. Touchstone is scheduled to