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COHO-1 well to add around 50% to Touchstone Exploration Inc's production base

Touchstone Exploration's (LON:TXP) Paul Baay speaks to Proactive London's Andrew Scott after confirmation of gas flow rates from its COHO-1 well in Trinidad which he says greatly exceeded expectations.

The absolute flow rate of the well, which is on the Ortoire exploration block, was 46mln cubic feet a day, or the equivalent of 7,671 barrels of oil.

Quick facts: Touchstone Exploration Inc

Price: 40 GBX

AIM:TXP
Market: AIM
Market Cap: £64.28 m
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Touchstone Exploration now has the 'certainty' to accelerate its Ortoire...

Touchstone Exploration Inc's (LON:TXP) (TSE:TXP) Paul Baay speaks to Proactive London's Andrew Scott after announcing they've raised US$11.6mln (£9mln) through a share placing. The new funds have been earmarked for the acceleration of its  exploration activities in the Ortoire block.

4 days, 15 hours ago

2 min read