Stocks in play: Touchstone Exploration Inc

Reports its operating and financial results for the three months and year ended December 31, 2019. All figures are in U.S. dollars. The company achieved annual crude oil sales of 1,825 barrels per day ("bbls/d"), a 6% increase relative to the 1,718 bbls/d produced in 2018. Despite a 90% annual decrease in discretionary development capital investment, the company delivered funds flow from operations of $6,840,000 ($0.04 per share) compared to $8,548,000 ($0.07 per share) realized in 2018. The company exited the year with cash of $6,182,000 and net debt of $16,503,000, representing 2.4 times net debt to annual funds flow from operations. Touchstone Exploration Inc shares T.TXP are trading down $0.01 at $0.50.

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