Touchstone Exploration Inc with ticker (LON:TXP) now has a potential upside of 152.7% according to Canaccord Genuity.
Canaccord Genuity set a target price of 105 GBX for the company, which when compared to the Touchstone Exploration Inc share price of 42 GBX at opening today (31/01/2024) indicates a potential upside of 152.7%. Trading has ranged between 40 (52 week low) and 95 (52 week high) with an average of 388,233 shares exchanging hands daily. The market capitalisation at the time of writing is £168,633,078.
Touchstone Exploration Inc. is a Canada-based company engaged in the business of acquiring interests in petroleum and natural gas rights and the exploration, development, production and sale of petroleum and natural gas. The Company is active in onshore properties located in the Republic of Trinidad and Tobago. It operates Trinidad-based upstream petroleum and natural gas activities under state exploration and production licenses with the Trinidad and Tobago Ministry of Energy and Energy Industries (MEEI), Lease Operatorship Agreements (LOAs) with Heritage Petroleum Company Limited and private subsurface and surface leases with individual landowners. Its main exploration focus is the Ortoire exploration block. The Ortoire exploration block covers about 44,731 gross acres on the east side of Trinidad. Its other exploration prospects include Royston, Coho, Cascadura, and Chinook. The Royston location is targeting a deep gas prospect with an estimated target depth of about 11,500 feet.
Touchstone Exploration Inc 152.7% potential upside indicated by Canaccord Genuity
[shareaholic app="share_buttons" id_name="post_below_content"]
- Written by: Charlotte Edwards
Twitter
LinkedIn
Facebook
Email
Reddit
Telegram
WhatsApp
Pocket
Find more news, interviews, share price & company profile here for:
Touchstone Exploration’s acquisition of Shell Trinidad Central Block boosts its strategic growth, enhancing its position as a top onshore gas producer in Trinidad.
Touchstone Exploration expands its portfolio with a $23M acquisition of Shell’s Central Block licence, boosting gas assets and market opportunities.
Touchstone Exploration Inc. announces the acquisition of Shell Trinidad Central Block assets, bolstering LNG market access and boosting production capabilities.
Touchstone Exploration (AIM: TXP) demonstrates resilience and growth in the oil and gas sector, with a Speculative Buy rating despite target price adjustments.
Touchstone Exploration Inc. unveils its 2025 capital budget focusing on sustainable growth by leveraging the success of its Cascadura asset.
Touchstone Exploration Inc (LON:TXP) CEO Paul Baay discusses impressive results from Cascadura wells, the new Rio Claro block, and 2025 drilling plans.
