Touchstone Exploration in touching distance of 1,800 barrels of oil a day (TXP)

Touchstone Exploration (LSE:TXP) reveals it is within touching distance of achieving a current production level of 1800bopd in an operational and drilling update this morning. Earlier this year Touchstone announced it had become profitable at PLC level, generating free funds from operations of $3.1m during 2017 –  based on average production of 1375bopd for the…

‘We can create significant value over the next 12-24 months’: Highlights from Horizonte Minerals shareholder call (HZM)

Yesterday saw Jeremy Martin, CEO of Horizonte Minerals (LSE:HMZ) update investors on progress at the firm just hours after delivering a well-received resource estimate for its Vermelho nickel/cobalt project in Brazil. As well as discussing the news at Vermelho, which led Horizonte’s shares to rise by 4.5pc on the day, Martin updated investors on the…

Amerisur Resources sees strong pre-drill progress in Columbia – could a rise be on the cards? (AMER)

Established South America-focused oil and gas firm Amerisur Resources (LSE:AMER) edged up today after telling investors its planned exploration drilling work in Columbia is progressing steadily. Shares were up 1.9pc, or 0.3p, to 16.2p in morning trading after chief executive John Wardle said Amerisur is gearing up for a busy period of exploration drilling, targeting…