Touchstone Exploration Inc 28.0% potential upside indicated by Canaccord Genuity

Touchstone Exploration Inc with ticker (LON:TXP) now has a potential upside of 28.0% according to Canaccord Genuity.



Canaccord Genuity set a target price of 200 GBX for the company, which when compared to the Touchstone Exploration Inc share price of 144 GBX at opening today (25/11/2021) indicates a potential upside of 28.0%. Trading has ranged between 1 (52 week low) and 144 (52 week high) with an average of 408,799 shares exchanging hands daily. The market capitalisation at the time of writing is £522,614,620.

Touchstone Exploration Inc. is a Canada-based company, which 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. The Company has interests in a number of small undeveloped exploration properties and three larger exploration blocks. The Company’s exploration projects include Ortoire, Cascadura, Chinook, Royston, and natural gas in Trinidad and Tobago. Its main exploration focus is the Ortoire exploration block. The Company owns 80% operated working interest in the Ortoire block. The property covers approximately 44,731 gross acres (35,785 net) on the east side of Trinidad. The second exploration well, Cascadura-1, was sidetracked (ST1) and drilled to a total depth of approximately 6,350 feet. The well at Chinook-1 was drilled to a total depth of approximately 10,039 feet.