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 Exploration enters the second half of 2026 with Cascadura optimisation under way, further well interventions approaching and continued focus on balancing development activity with capital management.
Touchstone Exploration reported stronger second-quarter funds flow from operations and net income, alongside production, financing and operational progress.
US natural gas is seeing a stronger demand backdrop as hot weather and improving LNG feedgas flows help offset near-record production and support a tighter market balance.
Touchstone has secured shareholder backing for its board, incentive plan and key debt-related share issuances ahead of its next operational update.
Touchstone Exploration has started the Cascadura compressor, with all wells now operating on compression and delivering into sales.
Touchstone Exploration’s Casadura gas project has moved closer to start-up after major equipment arrived in Trinidad to support a planned increase in output.
