Touchstone Exploration Inc with ticker (LON:TXP) now has a potential upside of 86.3% according to Canaccord Genuity.
Canaccord Genuity set a target price of 95 GBX for the company, which when compared to the Touchstone Exploration Inc share price of 51 GBX at opening today (22/02/2024) indicates a potential upside of 86.3%. Trading has ranged between 40 (52 week low) and 95 (52 week high) with an average of 389,828 shares exchanging hands daily. The market capitalisation at the time of writing is £206,596,190.
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 86.3% potential upside indicated by Canaccord Genuity
- Written by: Charlotte Edwards
Find more news, interviews, share price & company profile here for:
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.
