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Touchstone Exploration – Q2 update, remains a buy...

Trinidad and Tobago oil and gas explorer Touchstone (TXP) has made a second quarter operational and financial update, including emphasising it is confident its funding capacity together with operations are sufficient to complete a budgeted four well development program as well as drilling Royston-1, one of a number of milestones it forecasts to achieve in the second half of the year.

EPIC TXP
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Touchstone Exploration – Q1 results, upcoming potential catalysts: BUY

Oil and gas company in Trinidad and Tobago Touchstone Exploration (TXP) has announced that, despite a focus on its Ortoire block exploration program, in the first quarter of 2021 it “generated funds flow from operations of $538,000” and “believe that available credit facility capacity combined with anticipated funds flow from operations will be sufficient to satisfy… 2021 minimum exploration work commitments”. That sounds encouraging.

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