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Touchstone Exploration reports Q3 production up 54% and significant gains in sales and earnings.
Touchstone Exploration reported a 54% increase in Q3 production to 5,211 boe/d, mainly due to natural gas from the Cascadura field.
The company saw a 23% rise in operating netback and a 93% increase in natural gas sales, totaling $13.25 million.
Funds flow from operations increased to $3.024 million, and net earnings rose to $1.847 million.
Touchstone also secured two new exploration licenses for the Charuma and Cipero blocks.
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Touchstone Exploration reporta un aumento de la producción Q3 del 54% y ganancias significativas en ventas y ganancias.