TXP Touchstone Exploration

EQS-News: Touchstone Exploration to restart drilling after raising $13mln

EQS-News: Touchstone Exploration Inc
Touchstone Exploration to restart drilling after raising $13mln

12.12.2022 / 13:12 CET/CEST
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Proactive

Proactive UK Ltd

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News Source: News Direct


12.12.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Touchstone Exploration Inc
United States
ISIN: CA89156L1085
EQS News ID: 1510691

 
End of News EQS News Service

1510691  12.12.2022 CET/CEST

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Reports on Touchstone Exploration

Stephane Foucaud
  • Stephane Foucaud

AUCTUS ON FRIDAY - 09.01.2026

AUCTUS PUBLICATIONS ________________________________________ Condor Energies (CDR CN)C; Target price of C$5.60 per share: Accelerating drilling following C$13.65 mm financing – Following the closing of the C$13.65 mm convertible financing, Condor plans to accelerate its Uzbekistan drilling programme by deploying a second rig, enabling the drilling of 12 new wells in 2026. This programme has the potential to lift gross production to 18–20 mboe/d by YE26 and materially increase reserves. The C$13....

Stephane Foucaud
  • Stephane Foucaud

AUCTUS ON FRIDAY - 14/11/2025

AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C; Target price of A$0.20 per share: A$3.5 mm funding boost ahead of busy activity programme – ADX has raised A$3.5 mm through a new equity placement at A$0.026 per share. Investors in the placement will also receive one option for every two new shares subscribed, exercisable at A$0.039 per share. The capital raise strengthens ADX’s balance sheet ahead of its 2026 work programme and effectively removes the funding ov...

Stephane Foucaud
  • Stephane Foucaud

AUCTUS ON FRIDAY - 24/10/2025

AUCTUS PUBLICATIONS ________________________________________ Condor Energies (CDR CN)C; Target price of C$5.80 per share: Well results derisk the deeper clastic play. The horizontal leg could add 13-20 mmcf/d – Condor’s inaugural well in Uzbekistan has intersected 28.5 meters of net gas pay within the productive carbonate reservoir; which in line with expectations. The company now plans to drill a 1,000-meter horizontal section through this interval, with results anticipated in November. IP rate...

Stephane Foucaud
  • Stephane Foucaud

AUCTUS ON FRIDAY - 03/10/2025

AUCTUS PUBLICATIONS ________________________________________ Arrow Exploration (AXL LN/CN)C; Target price of £0.40 per share: Dry hole at Mateguafa Oeste but three more prospects to drill – The Mateguafa Oeste was water wet. Our ReNAV for the well was £0.09 per share. We did not carry any production from this prospect in our cash flow forecast. The rig will now move to Mateguafa Attic where the Mateguafa 5 vertical well will be drilled in November. This is a low risk well that is a step out to M...

Stephane Foucaud
  • Stephane Foucaud

AUCTUS ON FRIDAY - 15/08/2025

AUCTUS PUBLICATIONS ________________________________________ Condor Energies (CDR CN)C; Target price of C$5.90 per share: 4Q25 drilling in Uzbekistan could add 26-40 mmcf/d. First LNG in Kazakhstan in 2Q26 – 2Q25 gross production averaged 10,258 boe/d, consistent with prior indications. Drilling of the first vertical well in Uzbekistan will begin in early September. The well will target the producing carbonate reservoir, as well as deeper clastic formations and fractured basement intervals. A su...

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