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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?


To: Goose94 who wrote (72906)12/16/2019 10:50:16 AM
From: Goose94Read Replies (1) | Respond to of 202348
 
Touchstone Exploration (TXP-T) new 52 week high, 36.5 cents



To: Goose94 who wrote (72906)12/19/2019 8:32:41 AM
From: Goose94Read Replies (1) | Respond to of 202348
 
Touchstone Exploration (TXP-T) Mackie Research Spec Buy Target 95 cents

Strong Natural Gas Test From Coho-1

This morning, TXP announced that the Coho-1 well on the Ortoire exploration block (80% W.I.), tested over the final 24 hours at an average rate of 11.6 MMcf/d (1,925 boe/d) with only an 8.8% drawdown. The test rate exceeded management’s expectations.

TXP plans to construct a 3 km pipeline to an existing facility and place the Coho-1 well on production in the first half of 2020.

The test results of the Coho-1 well are encouraging, and could substantially boost (potentially double) corporate production in the second half of 2020