PUNT OF THE WEEK

WHAT IS IT?

AN AIM-listed energy company that’s based onshore in the Trinidadian jungle and produces around 1,500 barrels of oil a day.

WHAT’S THE LATEST?

State-owned operators The National Gas Company of Trinidad and Tobago and Heritage Petroleum are looking to agree gas sales with Touchstone, with the announcement of a deal expected before the end of the summer.

WHO BACKS IT?

Norwegian oil company North Energy and specialist asset manager Edale Capital.

WHY SHOULD YOU INVEST?

Tom Sieber, market analyst at AJ Bell, says: ‘Rising output should begin to feed through in 2021 and could eventually enable the company to reward shareholders with a dividend, plus 20 more potential drilling sites have been identified.’

AND WHY SHOULDN’T YOU?

But, he adds: ‘ Sentiment towards the wider sector is patchy and the shares are already up materially since its Cascadura [well] natural gas find was announced.’