IN BRIEF: Touchstone Exploration sales lifted by higher oil prices

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Touchstone Exploration Inc - Calgary, Canada-based upstream oil and gas company - Achieves quarterly average crude oil production volumes of 1,420 barrels per day, up 2% on a quarter before and up 1% year-on-year. Achieves petroleum sales of $12.6 million from average crude oil price of $97.48 per barrel compared to sales of $7.6 million from average price of $59.06 per barrel a year before. Reports net loss of $262,000 in the quarter, narrowing from $284,000 a year before. Books $540,000 provision from oil spill which occurred as a result of vandalism in June 2022.

Current stock price: 87.50 pence

12-month change: up 0.6%

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