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Touchstone Exploration – Q1 results, upcoming potential catalysts: BUY

By HotStockRockets | Saturday 15 May 2021


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Oil and gas company in Trinidad and Tobago Touchstone Exploration (TXP) has announced that, despite a focus on its Ortoire block exploration program, in the first quarter of 2021 it “generated funds flow from operations of $538,000” and “believe that available credit facility capacity combined with anticipated funds flow from operations will be sufficient to satisfy… 2021 minimum exploration work commitments”. That sounds encouraging.

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