Touchstone Exploration Inc T.TXP

Alternate Symbol(s): PBEGF

Energy Oil & Gas E&P

Touchstone Exploration Inc. is a Canada-based company, which is engaged in the business of petroleum and natural gas exploration, development, acquisition and production. 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. It is focused on onshore oil and natural gas properties located in southern Trinidad. With interests in approximately 145,000 net working interest acres of core exploration and development rights. Its core focus is on exploration and development on the Ortoire block and development production on its five onshore lease operatorship properties (CO-1, WD-4, WD-8, Fyzabad, and Balata East).

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Touchstone Exploration Inc > Simply Wall St. Comments on TXP

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Post by Will999on Apr 13, 2022 9:01pm

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Post# 34602431

Simply Wall St. Comments on TXP

The consensus outlook for 2022 has been updated.

2022 revenue forecast fell from US$62.9m to US$50.6m.
EPS estimate reaffirmed at US$0.05.
Net income forecast to grow 75% next year vs 27% growth forecast for Oil and Gas industry in Canada.
Consensus price target of CA$3.43 unchanged from last update.
Share price rose 4.9% to CA$1.49 over the past week.