Touchstone Exploration reports 214% Q2 2024 production increase to $10.11M, plans to drill 2 Cascadura B wells in Q4.

Touchstone Exploration Inc. reported a 214% increase in average production for Q2 2024, reaching $10.11M in funds flow from operations, a significant increase from 2023. Achieving 5,432 boe/d (77% natural gas) in Q2, the company's focus on capital discipline and operational efficiency contributed to its decision to drill two additional development wells at Cascadura B in Q4 2024, replacing previously planned Coho wells. Touchstone projects an annual funds flow from operations of $28M for the year.

August 13, 2024
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