Touchstone Exploration Inc quarterly sales rise 28%

Touchstone Exploration Inc (AIM:TXP, TSX:TXP, OTC:PBEGF) has reported US$10.49mln of petroleum sales in the first quarter of 2022, up 28% on the preceding three month period.

At an average 1,396 barrels of production per day during Q1 output was up around 4% quarter-on-quarter.

Operating netback (the amount of cash per barrel recouped to the company) amounted to US$37.83 per barrel in Q1, up 26% on Q4.

Touchstone Exploration Inc (LON:TXP) is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago.

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