Market Impact: Positive. Touchstone has disposed of 6% of the Company's Saskatchewan acreage position, equivalent to 1,166 net hectares of undeveloped acreage in the Dodsland area, which is prospective for the Viking formation. Touchstone sold 424,000 boe of 1P reserves and 930,000 boe of 2P reserves for total cash proceeds of C$4.2 mm, which is equivalent to C$9.91/boe 1P and C$4.52/boe 2P.
04 Aug 2015
TOUCHSTONE EXPLORATION INC. (TXP) DIVESTS SOME OF ITS VIKING ACREAGE IN SASKATCHEWAN
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TOUCHSTONE EXPLORATION INC. (TXP) DIVESTS SOME OF ITS VIKING ACREAGE IN SASKATCHEWAN
Touchstone Exploration Inc (TXP:LON) | 50.5 -0.3 (-1.0%) | Mkt Cap: 118.3m
- Published:
04 Aug 2015 -
Author:
Darren B. Engels -
Pages:
2
Market Impact: Positive. Touchstone has disposed of 6% of the Company's Saskatchewan acreage position, equivalent to 1,166 net hectares of undeveloped acreage in the Dodsland area, which is prospective for the Viking formation. Touchstone sold 424,000 boe of 1P reserves and 930,000 boe of 2P reserves for total cash proceeds of C$4.2 mm, which is equivalent to C$9.91/boe 1P and C$4.52/boe 2P.