Last $0.35 USD
Change Today -0.0023 / -0.66%
Volume 864.0
PBEGF On Other Exchanges
Symbol
Exchange
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OTC US
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As of 8:10 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

touchstone exploration inc (PBEGF) Snapshot

Open
$0.35
Previous Close
$0.35
Day High
$0.35
Day Low
$0.35
52 Week High
05/23/14 - $1.00
52 Week Low
12/10/14 - $0.26
Market Cap
28.9M
Average Volume 10 Days
16.9K
EPS TTM
--
Shares Outstanding
83.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
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touchstone exploration inc (PBEGF) Details

Touchstone Exploration Inc. is engaged in the acquisition, exploration and development of prospective oil and gas properties. It holds interests in the oil and gas properties in the Republic of Trinidad and Tobago, and western Canada, as well as in the Caribbean region. The company was formerly known as Petrobank Energy and Resources Ltd. and changed its name to Touchstone Exploration Inc. in May 2014. Touchstone Exploration Inc. is based in Calgary, Canada.

touchstone exploration inc (PBEGF) Top Compensated Officers

Chairman, Chief Executive Officer of Petrobak...
Total Annual Compensation: C$28.2K
Controller
Total Annual Compensation: C$160.0K
Vice President of Operations & Production
Total Annual Compensation: C$210.0K
Vice President of Land & Regulatory
Total Annual Compensation: C$190.0K
Compensation as of Fiscal Year 2013.

touchstone exploration inc (PBEGF) Key Developments

Touchstone Exploration Inc. Provides Capex Guidance for the First Quarter of 2015; Provides Funds Flow and Production Guidance for 2015

Touchstone Exploration Inc. announced that its Board of Directors has approved a 2015 capital strategy which includes a first quarter capital budget of approximately $4 million. This strategy will see the company executes its annual capital program within realized cash flows. The Board will review and approve the company's capital budget on a quarterly basis with a focus on optimizing spending in response to changing commodity prices and industry conditions. Based on its successful 2014 Trinidad development program, the company has elected to continue to focus on its low risk drilling inventory in Trinidad and has assumed an average Brent oil price of $70 as the benchmark for its 2015 capital guidance. With a focus on consistent 2015 production growth, the company anticipates corporate funds flow in the range of $13 million to $14 million with corporate average annual oil volumes of 2,700 to 2,900 barrels per day. The company's original 2014/15 guidance forecasted a continuous two rig drilling program in Trinidad. Drilling was reduced to a one rig program in late 2014 which allowed the company to preserve capital while still achieving 2014 production goals.

Touchstone Exploration Inc. Presents at FirstEnergy Capital Energy Growth Conference, Nov-18-2014 01:40 PM

Touchstone Exploration Inc. Presents at FirstEnergy Capital Energy Growth Conference, Nov-18-2014 01:40 PM. Venue: The Ritz-Carlton Hotel, 181 Wellington Street West, Toronto, ON M5V 3G7, Canada. Speakers: Paul Raymond Baay, Chief Executive Officer, President and Director.

Touchstone Exploration Inc. Announces Earnings and Production Results for the Third Quarter and Nine Months Ended September 30, 2014

Touchstone Exploration Inc. announced earnings and production results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported corporate petroleum sales of CAD 18,650,000. Corporate net loss was CAD 6,690,000 or CAD 0.08 per basic and diluted share compared to CAD 1,460,000 or CAD 0.03 per basic and diluted share a year ago. Corporate funds flow from operations was CAD 3,963,000 or CAD 0.05 per basic and diluted share compared to corporate funds outflow from operations of CAD 1,012,000 or CAD 0.02 per basic and diluted share a year ago. Exploration asset expenditures was CAD 1,826,000 compared to CAD 9,394,000 a year ago. Property and equipment expenditures were CAD 5,859,000 compared to CAD 26,000 a year ago. For the nine months, the company reported corporate petroleum sales of CAD 26,511,000. Corporate net loss was CAD 7,906,000 or CAD 0.12 per basic and diluted share compared to CAD 8,619,000 or CAD 0.18 per basic and diluted share a year ago. Corporate funds outflow from operations was CAD 1,857,000 or CAD 0.03 per basic and diluted share compared to CAD 5,481,000 or CAD 0.11 per basic and diluted share a year ago. Exploration asset expenditures was CAD 10,826,000 compared to CAD 20,886,000 a year ago. Property and equipment expenditures were CAD 13,675,000 compared to CAD 150,000 a year ago.

 

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PBEGF

Industry Average

Valuation PBEGF Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.9x
Price/Book 0.3x
Price/Cash Flow 13.5x
TEV/Sales 1.2x
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