Touchstone Exploration Inc with ticker (LON:TXP) now has a potential upside of 131.2% according to Canaccord Genuity.
TXP.L
Canaccord Genuity set a target price of 60 GBX for the company, which when compared to the Touchstone Exploration Inc share price of 26 GBX at opening today (10/01/2025) indicates a potential upside of 131.2%. Trading has ranged between 21 (52 week low) and 57 (52 week high) with an average of 880,452 shares exchanging hands daily. The market capitalisation at the time of writing is £107,754,300.
Touchstone Exploration Inc. is a Canada-based company, which is engaged in the business of petroleum and natural gas exploration, development, acquisition and production. 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. It is focused on onshore oil and natural gas properties located in southern Trinidad. With interests in approximately 145,000 net working interest acres of core exploration and development rights. Its core focus is on exploration and development on the Ortoire block and development production on its five onshore lease operatorship properties (CO-1, WD-4, WD-8, Fyzabad, and Balata East).
Touchstone Exploration Inc 131.2% potential upside indicated by Canaccord Genuity
- Written by: Charlotte Edwards
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Latest Company News
Touchstone is progressing a two-well WD-4 drilling campaign while Cascadura gas production increased to 12.6 million cubic feet per day in August following the start-up of its booster compressor.
Touchstone Exploration is advancing drilling, well work and production optimisation across Trinidad, with several key operational results expected during the rest of 2026.
Touchstone Exploration is advancing WD-4 drilling, Cascadura optimisation and Central block work as several near-term operational milestones approach.
Touchstone Exploration is entering a fresh operational phase, with two WD-4 wells targeting up to 200 barrels per day of combined production and further optimisation work under way at Cascadura.
Touchstone Exploration has mobilized a rig for a two-well WD-4 drilling campaign, reported promising production gains from Cascadura optimization work, and outlined further workovers and recompletions planned for October 2026. Net production averaged 4,392 boe/d in August.
Touchstone Exploration CEO Paul Baay will join senior energy industry participants at the Venezuela International Oil & Gas Summit in Caracas in September 2026.
