Markets

Touchstone Exploration Completes Acquisition of Primera Group; Shares Up 6%

Touchstone Exploration (TAB.V) went up by 6% on Monday afternoon after announcing completion of the acquisition, through its indirect wholly-owned Trinidad subsidiary Territorial Services Limited, of all of the issued and outstanding shares of Primera Oil & Gas Ltd., Primera Oilfield Management Services Ltd., and Primera East Brighton Ltd., known as the Primera Group, for US$50.7 million.

The Primera Group consists of equity interests in 3 privately owned Trinidad-based companies engaged in the exploration for and development and production of oil and gas reserves in Trinidad and Tobago.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Commodities

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More