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.

November 13, 2024
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