logo-loader
viewTouchstone Exploration Inc

Morning Report: Touchstone Exploration reports significant discovery at Cascadura

Headlines from the Proactive UK newsroom.

Touchstone Exploration (LON:TXP) has made what it says is a significant crude oil discovery on the Ortoire exploration block, onshore Trinidad. Logs from the Cascadura-1 well indicate 1,037 feet of oil pay, which far exceeds pre-drill expectations said the company.

Oracle Power (LON:ORCP) has entered into a Joint Development Agreement with two new partners for its thermal power station at Thar in Pakistan. The JDA will see 73% owned by China Coal and 15 percent by Sheik Al Maktoum’s private office.

Shanta Gold’s (LON:SHG) latest exploration drilling at its New Luika mine in Tanzania has hit a new area of high-grade mineralisation at decent widths. Best of the results graded gold between 8.55 and 10.9 grammes per tonne.

Bus and train operator FirstGroup (LON:FGP) has put its North American contract businesses First Student and First Transit under review with a sale being one of the options. A cost cutting programme is also underway in UK buses.

Sports Direct (LON:SPD) has noted green shoots of recovery at House of Fraser as acquisitions boosted first half revenues by 14%. Profits jumped thanks to the sale and leaseback of the Shirebrook warehouse.

Cineworld (LON:CINE) is to become the largest cinema operator in North America following the  purchase of Cineplex for US$2.1bn. The deal adds 165 cinemas to its chain.

Quick facts: Touchstone Exploration Inc

Price: 28 GBX

AIM:TXP
Market: AIM
Market Cap: £51.3 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Touchstone Exploration Inc named herein, including the promotion by the Company of Touchstone Exploration Inc in any Content on the Site, the...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Touchstone Exploration reveals full-year results; focuses on...

Touchstone Exploration Inc (LON:TXP) CEO Paul Baay revealed to Proactive the AIM-quoted oil firm's full-year results for 2019. Baay says the company’s focus is on delivering the Coho and Cascadura discovery wells, which will significantly boost production volumes, and drill Chinook which...

1 week, 2 days ago

2 min read