Touchstone Exploration Inc. , announces highlights of our independent reserves evaluation of the Cascadura Assessment Area prepared by GLJ Ltd. with an effective date of June 30, 2020 . Highlights of our total proved , total proved plus probable and total proved plus probable plus possible reserves from the Cascadura Reserves Report are provided below. Unless otherwise stated, all financial amounts herein are rounded to [...]
Touchstone Exploration Inc. announces that on June 15, 2020 the conditions precedent were satisfied in respect of its previously announced US$20 million, seven-year term loan agreement with Republic Bank Limited. Touchstone withdrew US$15 million to satisfy obligations relating to prepaying the Company's former C$20 million credit facility. Pursuant to the Term Loan, Touchstone has the option to withdraw the remaining [...]
Touchstone Exploration Inc. is pleased to announce final production test results from the Cascadura-1ST1 well on the Ortoire exploration block. The final test results for both the lower test and the upper test have been reviewed by the Company's independent reserves evaluator, GLJ Ltd. , and the following information is intended to complement initial production test results previously released by on February 6, 2020 and [...]
Touchstone Exploration Inc. announces that its shareholders approved all resolutions at its Annual Meeting of Shareholders held on June 3, 2020. During the business proceedings of the Meeting, Touchstone's shareholders approved the following resolutions: 1. Resolution to fix the number of directors of the Company to be elected at the Meeting at seven, with 83.78% of the common shares represented at the Meeting voting in [...]
CALGARY, May 27, 2020 /CNW/ - Touchstone Exploration Inc. announces that its indirect wholly-owned subsidiary, Touchstone Exploration Ltd., has entered into escrow arrangements for a US$20 million, seven-year term loan agreement with Republic Bank Limited, as initial lender, arranger and administrative agent. The Term Loan was arranged exclusively by the Corporate and Investment Banking Division of Republic Bank. The Term [...]
Touchstone Exploration Inc. reports its operating and financial results for the three months ended March 31, 2020. Selected information is outlined below and should be read in conjunction with Touchstone's March 31, 2020 unaudited interim consolidated financial statements and related Management's Discussion and Analysis, both of which will be available under the Company's profile on SEDAR and the Company's website [...]
Touchstone Exploration Inc. reports its operating and financial results for the three months and year ended December 31, 2019. Selected information is outlined below and should be read in conjunction with Touchstone's December 31, 2019 audited consolidated financial statements, the related Management's discussion and analysis and Annual Information Form, all of which will be available under the Company's profile on SEDAR [...]
Touchstone Exploration Inc. provides an exploration update, highlighted by an update on production testing of the Cascadura-1ST1 liquids rich gas discovery on the Ortoire exploration block, onshore Trinidad and Tobago . Production testing of the Cascadura-1ST1 well was performed in two stages. Stage one included the lowermost 162 feet of pay in the Herrera formation, and the second stage included 345 feet of pay in the [...]
Touchstone Exploration Inc. announces highlights of our independent reserves evaluation prepared by GLJ Petroleum Consultants Ltd. with an effective date of December 31, 2019 . Highlights of our total proved , total proved plus probable and total proved plus probable plus possible reserves from the Reserves Report are provided below. All finding, development and acquisition costs below include changes in future [...]
Touchstone Exploration Inc. announces the closing of its previously announced private placement on the same terms as were provided in the Company's news release dated February 20, 2020. The new common shares issued in connection with the private placement were admitted to trading on the Toronto Stock Exchange and the AIM market of the London Stock Exchange. About Touchstone Exploration Inc. [...]
Touchstone Exploration Inc. 7 596/2014. ??INFORMATION.? Touchstone Exploration Inc. announces that further to the Company's announcement on February 19, 2020 regarding the proposed placing , the Company has placed 22,500,000 new common shares of no par value with institutional investors in the United Kingdom at a price of 40 pence per Placing Share , raising gross proceeds of approximately US$11.6 million . The Pl...
Touchstone Exploration Inc. 7 596/2014. ????INFORMATION.? Touchstone Exploration Inc. announces a proposed placing of a minimum of US$9.1 million through the issue of common shares of no par value with institutional investors in the United Kingdom at a minimum price of...