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Touchstone Exploration now has the 'certainty' to accelerate its Ortoire plans after £9mln raise

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.

Quick facts: Touchstone Exploration Inc

Price: 28 GBX

AIM:TXP
Market: AIM
Market Cap: £51.3 m
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Touchstone Exploration: Second test 'confirms material size of discovery at...

Touchstone Exploration Inc's (LON:TXP) Paul Baay skyped into the Proactive London studio after releasing the latest test results from the Cascadura well in the Ortoire exploration block. The well has now delivered rates in excess of 10,000 barrels oil equivalent per day. Baay says with...

3 weeks, 4 days ago

2 min read