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Touchstone Exploration Reduces Capital, Decreases Production
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Touchstone Exploration Inc. has announced its financial and operating results for the three and nine months ended September 30, 2015.
HighlightsDuring the three month period ended September 30, 2015, Touchstone reported:
A decrease in net debt of $5,716,000 from $5,755,000 reported in the prior quarter to $39,000. Average oil sales of 1,638 barrels per day (bbls/d), 1,538 bbls/d produced in Trinidad and 100 bbls/d produced in Canada (100% oil). Combined quarterly production decreased 8% from the prior quarter. The disposition of our Dawson, Alberta exploration property for cash proceeds of $2,100,000 and the disposition of undeveloped land in Beadle, Saskatchewan for cash proceeds of $4,200,000. Throughout 2015, Touchstone has focused on operational initiatives to ensure the…- ✓ Full news archive — U.S., Canada & international coverage
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