YE18 1P and 2P reserves have increased by 5% and 4%, to 11.2 mmbbl and 19.3 mmbbl, respectively, vs YE17. Touchstone has replaced 2018 annual production by 178% on a 1P reserves basis and 218% on a 2P reserves basis. NPV10% (after tax) of the reserves stand at respectively US$79.8 mm for the 1P and US$145.4 mm for the 2P.
07 Mar 2019
FLASH: Strong reserves update
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FLASH: Strong reserves update
Touchstone Exploration Inc (TXP:LON) | 43.5 0 0.0% | Mkt Cap: 101.9m
- Published:
07 Mar 2019 -
Author:
Taro Kiley -
Pages:
2
YE18 1P and 2P reserves have increased by 5% and 4%, to 11.2 mmbbl and 19.3 mmbbl, respectively, vs YE17. Touchstone has replaced 2018 annual production by 178% on a 1P reserves basis and 218% on a 2P reserves basis. NPV10% (after tax) of the reserves stand at respectively US$79.8 mm for the 1P and US$145.4 mm for the 2P.