Q4 2023 Touchstone Exploration Quarterly report Ticker symbol: TXP-T View TXP-T Company Page Financial Highlights TXP Q4/23 REsults & analysis Touchstone now has two of its Ortoire block natural gas discoveries in Trinidad on stream but not yet at full capacity. Production in Q4/23 rose to 8,504 boe/d (6,232 boe/d from the two Cascadura wells […]
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Company Updates New Company coverage and update. Introducing New Coverage Petrus Resources Ltd. (PRQ-T $1.33) In 2023, Petrus focused on paying down debt and building a pipeline infrastructure in their North Ferrier Cardium area so pad drilling (and behind pipe production) could increase production. Production in Q3/23 was 9,880 boe/d from 6,639 boe/d in Q3/22
SER: January 18, 2024 – 4. Company Updates Read More »
Q3 2023 Touchstone Exploration Quarterly report Ticker symbol: TXP-T View TXP-T Company Page Financial Highlights TXP Q3/23 REsults & analysis Touchstone now has two of its Ortoire block natural gas discoveries in Trinidad on stream but not yet at capacity. Production in Q3/23 rose to 3,391 boe/d from 1,271 in Q3/22. With two Cascadura wells
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Previous Index Next Company Updates Key Updates on Two Covered Companies Take Over Essential Energy Services ESN received a takeover offer on Friday September 15th from Element Technical Services, a private US company for $0.40 cash per share. This values Essential at an enterprise value of $78M.Our view:The stock traded on September 21st at $0.395
SER: September 21, 2023 – 3. Company Updates Read More »
Previous Index Next Company Updates Key Updates on Three Covered Companies Significant Update CWC Energy Services CWC received a takeover offer on Thursday September 7th from Precision Drilling (PD-T) that values the company at $141M. It is a share and cash deal driven by their largest shareholders: Brookfield (56% interest) and the Canada Pension Plan
SER: September 14, 2023 – 3. Company Updates Read More »
Previous Index Next Company Updates Key Updates on Three Covered Companies Under Review REmoved from SER Action BUY List Pipestone Energy (PIPE-T $2.21) Pipestone had production of 33,143 boe/d in Q2/23 up 8% from 30,770 boe/d in Q2/22, despite the wildfires impacting some of their production during the quarter. The mix was 59% natural gas
SER: August 31, 2023 – 1. Company Updates Read More »
Q2 2023 Touchstone Exploration Quarterly report Ticker symbol: TXP-T View TXP-T Company Page Financial Highlights TXP Q2/23 REsults & analysis Touchstone is getting close to finally benefiting from its successful exploration program in Trinidad. It brought on its COHO-1 discovery during Q4/22 which added 4.2 Mmcf/d or over 670 boe/d of natural gas to their
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Previous Index Next Company Update Timely Investment Idea: Touchstone Exploration Reasons to Buy at this Time:Production at Cascadura will commence this month and be fully on in JulyTesting of three zones @ Royston (light oil discovery) could have meaningful Reserve and Production impactTXP has a significant drilling program ahead (development & exploration)TXP is in the
SER: June 15, 2023 – 5. Company Update Read More »
Q1 2023 Touchstone Exploration Quarterly report Ticker symbol: TXP-T View TXP-T Company Page Financial Highlights TXP Q1/23 REsults & analysis Touchstone is finally benefiting from its successful exploration program in Trinidad. It brought on its COHO-1 discovery during Q4/22 which added 5Mmcf/d or over 800 boe/d of natural gas to their base heavy oil production
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