Scandoil  

Touchstone Exploration puts a strategy in place for 2015


Published Jan 27, 2015
Touchstone Exploration Inc.

Touchstone Exploration (TXP) has put a strategy in place for 2015 aimed at weathering the current storm of low crude oil prices while maintaining the ongoing viability of its assets in Trinidad.

In an effort to conserve the balance sheet, TXP is restricting capital spend in Q115 to funds generated from operations, in addition to pledging to cut operating expenses and corporate overheads in both Canada and Trinidad.

In our view, TXP has a proven strategy in place to exploit its assets in Trinidad. In entering 'temporary hibernation', the group is preserving its assets for reactivation under a more favourable macro environment.

Tags: Touchstone Exploration Inc.




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml