Touchstone Exploration Inc with ticker (LON:TXP) now has a potential upside of 141.7% according to Canaccord Genuity.
Canaccord Genuity set a target price of 105 GBX for the company, which when compared to the Touchstone Exploration Inc share price of 43 GBX at opening today (12/01/2024) indicates a potential upside of 141.7%. Trading has ranged between 40 (52 week low) and 95 (52 week high) with an average of 324,913 shares exchanging hands daily. The market capitalisation at the time of writing is £170,834,750.
Touchstone Exploration Inc. is a Canada-based company 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. 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. Its main exploration focus is the Ortoire exploration block. The Ortoire exploration block covers about 44,731 gross acres on the east side of Trinidad. Its other exploration prospects include Royston, Coho, Cascadura, and Chinook. The Royston location is targeting a deep gas prospect with an estimated target depth of about 11,500 feet.
Touchstone Exploration Inc 141.7% potential upside indicated by Canaccord Genuity
- Written by: Charlotte Edwards
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Latest Company News
Touchstone hits thick gas zones in Trinidad’s Central block, confirming a new drilling target after nearly two decades of inactivity.
Touchstone Exploration Inc. has appointed Bhupendra Kansagra as a Non-Executive Director following the completion of its recently announced private placement with Purebond Limited.
Touchstone Exploration has released an operational update on the Carapal Ridge-3 development well on its Central block in Trinidad and Tobago.
Natural gas is holding firm as LNG demand and global policy shifts build a stronger foundation for long-term investor positioning.
Touchstone Exploration is embedding deeper into Trinidad and Tobago’s energy landscape, with recent government engagement hinting at a longer-term strategic play.
Touchstone Exploration restarts drilling in a dormant Trinidad gas block, aiming to double output through focused redevelopment.
