Touchstone reported 1Q18 production of 1,543 bbl/d and cash flow of C$2.6 mm that was in line with expectations. Production is tracking in line with expectations; however, only two wells of the 2018 drilling program have been put on stream. The additional wells are expected to be producing in the very near term and the drilling program will resume in about three weeks. There is upside potential to our production forecast. The 10 well drilling program is expected to be complete around mid2018e
15 May 2018
Touchstone announces 1Q18 results and drilling program could potentially increase production
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Touchstone announces 1Q18 results and drilling program could potentially increase production
Touchstone Exploration Inc (TXP:LON) | 50.5 -0.3 (-1.0%) | Mkt Cap: 118.3m
- Published:
15 May 2018 -
Author:
Darren B. Engels -
Pages:
7
Touchstone reported 1Q18 production of 1,543 bbl/d and cash flow of C$2.6 mm that was in line with expectations. Production is tracking in line with expectations; however, only two wells of the 2018 drilling program have been put on stream. The additional wells are expected to be producing in the very near term and the drilling program will resume in about three weeks. There is upside potential to our production forecast. The 10 well drilling program is expected to be complete around mid2018e