Touchstone may be more than just a good oil price recovery play as it looks to drill Ortoire block this year (TXP)

The share price of Touchstone Exploration (LSE:TXP) peaked at around 22.5p In October last year and subsequently declined sharply with the fall of the Brent spot price. With the stock appearing to have bottomed out in sync with oil, is now an opportune time to take advantage of further oil price recovery? For much of…

After a busy 2018, RockRose continues to look for attractive acquisition opportunities (RRE)

RockRose Energy (LSE:RRE) provided investors with a year-end trading update on Wednesday. The company spent much of 2018 focussing on its newly acquired producing assets.   Earlier this year, RockRose acquired gas and condensate producing assets in the Netherlands from Dyas BV.  Group production, including the contribution from Dyas B.V since the effective date of…

Reabold Resources encounters ‘significant’ hydrocarbon shows at latest California well (RBD)

Reabold Resources (LSE:RBD) dropped 0.75pc to 0.7p this morning despite revealing success at its new well in California. The business said VG-4 had encountered significant oil and gas shows in its targeted formation. Meanwhile, wireline logging has confirmed the presence of pay. The well was spudded on Reabold’s 50pc-owned West Brentwood field in December by…

Amerisur leaps as Indico-1 delivers promising initial production rates (AMER)

Amerisur Resources (LSE:AMER) bounced 11.8pc to 17.2p this morning after revealing ‘very encouraging’ results from its latest drill in Colombia. Its Indico-1 well is currently producing at a rate of 2,680bopd under short-term testing (STT) conditions. The firm will now make an application to Colombia’s national hydrocarbon body to begin long-term testing (LTT) on the…

Amerisur Resources completes its acquisition of the Putumayo-14 block in Colombia (AMER)

Amerisur Resources (LSE:AMER) announced the completion of the Putumayo acquisition on Monday. The company has received approval from the Agencia Nacional de Hidrocarburos (ANH) for the assignment of 100% operated working interest in the Putumayo-14 block in Colombia, to its affiliate Amerisur Exploracion Colombia Limitada. The approval enables the completion of the farm-in agreement with…