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Touchstone Exploration Inc

Touchstone to target world class oil and gas reserves after fundraise

Paul Baay, CEO of Touchstone Exploration (LON:TXP) tells Proactive London that its £3.8mln fundraise had the backing of the company's two biggest institutional shareholders. 

The capital injection will fund exploration at the Ortoire Block in Trinidad.  Baay explains the programme is a potential step change and the company is targeting "very large gas reserves and very large oil reserves."

He added, “If we have a great deal of success, we could have a multi-year drilling programme and that’s a problem I’m happy to deal with down the road.”

Quick facts: Touchstone Exploration Inc

Price: £0.13

Market: AIM
Market Cap: £20.89 m
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Touchstone Exploration ready to spud first well on Ortoire block

Touchstone Exploration Inc's (LON:TXP) Paul Baay tells Proactive London's Andrew Scott they're ready to spud their first well on the Ortoire project. ''The only hold up at this point is when we'll get the drilling rig - one of the other operators on the island is using it right now - as...

on 18/6/19

2 min read

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