Touchstone Exploration Inc with ticker (LON:TXP) now has a potential upside of 60.3% according to Canaccord Genuity.
Canaccord Genuity set a target price of 180 GBX for the company, which when compared to the Touchstone Exploration Inc share price of 72 GBX at opening today (07/03/2023) indicates a potential upside of 60.3%. Trading has ranged between 51 (52 week low) and 114 (52 week high) with an average of 278,626 shares exchanging hands daily. The market capitalisation at the time of writing is £279,624,011.
Touchstone Exploration Inc. is a Canada-based oil and natural gas exploration company. The Company is engaged in the business of oil and natural gas exploration, development, acquisition and production. It is active in the Republic of Trinidad and Tobago (Trinidad). It has interests in several small undeveloped exploration properties and three larger exploration blocks. Its exploration projects include Coho, Cascadura, Chinook and Royston, and natural gas in Trinidad and Tobago. The Coho-1 is drilled to a total depth of over 8,560 feet and across 64 feet of prospective natural gas pay in the Herrera Gr7b formation between 5,486 and 5,782 feet. The Cascadura-1 sidetracked (ST1) is drilled to a total depth of over 6,350 feet. The Chinook-1 is drilled to a total depth of over 10,039 feet to test a separate structural formation 1.5 kilometers (kms) south from the Cascadura gas discovery. The Royston is targeting a deep gas prospect with an estimated target depth of over 11,500 feet.
Touchstone Exploration Inc 60.3% 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.
