Market Impact: Positive. Touchstone has liquidated its crude oil hedging contracts and realized gross proceeds of approximately US$2 mm. The funds were used to repay an outstanding US42 mm principal credit facility balance. The Company is no longer carrying debt on its balance sheet.
08 Jun 2016
LIQUIDATES HEDGES AND REPAYS BANK DEBT
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
LIQUIDATES HEDGES AND REPAYS BANK DEBT
Touchstone Exploration Inc (TXP:LON) | 50.5 -0.3 (-1.0%) | Mkt Cap: 118.3m
- Published:
08 Jun 2016 -
Author:
Darren B. Engels -
Pages:
2
Market Impact: Positive. Touchstone has liquidated its crude oil hedging contracts and realized gross proceeds of approximately US$2 mm. The funds were used to repay an outstanding US42 mm principal credit facility balance. The Company is no longer carrying debt on its balance sheet.