Touchstone Exploration Inc with ticker (LON:TXP) now has a potential upside of 152.7% 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 42 GBX at opening today (31/01/2024) indicates a potential upside of 152.7%. Trading has ranged between 40 (52 week low) and 95 (52 week high) with an average of 388,233 shares exchanging hands daily. The market capitalisation at the time of writing is £168,633,078.
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 152.7% potential upside indicated by Canaccord Genuity
- Written by: Charlotte Edwards
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Touchstone Exploration reports that following its 16 May 2025 acquisition of Shell Trinidad Central Block Ltd it delivered quarter-over-quarter production growth at the Central Block licence in Trinidad and Tobago.
Touchstone has drilled the Cascadura-5 well to 7 020 ft, encountering approximately 620 ft of Herrera Gr7bc sands with continuous hydrocarbon indicators, and will mobilise to Cascadura-4 once funding is secured.
Touchstone Exploration Inc. updates on its £15.375 million private placement, detailing progress and outstanding funds expected by June 20, 2025.
Touchstone Exploration Inc. has successfully acquired Shell Trinidad Central Block Limited, enhancing its production capabilities and expanding its asset portfolio in Trinidad.
Touchstone Exploration Inc. (LON:TXP) outlines its Q1 2025 financial results, highlighting production changes, revenue shifts, and strategic investments for growth.
Touchstone Exploration Inc. (LON:TXP) announces a significant financial move with a new loan agreement, set to facilitate a major acquisition in Trinidad.
