Touchstone Exploration Inc. announces its financial and operating results for the three and six months ended June 30, 2018. Selected financial and operational information is outlined below and should be read in conjunction with Touchstone’s June 30, 2018 unaudited interim consolidated financial statements and the related Management’s discussion and analysis, both of which will be available under the [...]
Touchstone Exploration Inc. announces an operational and drilling update. Highlights Achieved average second quarter 2018 crude oil production of 1,717 barrels per day , representing increases of 11% and 29% from the first quarter of 2018 and the second quarter of 2017, respectively. Delivered July estimated crude oil production of 1,757 bbls/d. Drilled, cased and commenced completion operations on the sixth and seventh [...]
Touchstone Exploration Inc. announces a one-year extension of its term credit facility maturity date and principal payments. The Company amended its $15 million credit agreement with its lender to mature on November 23, 2022, with no mandatory principal payments until January 1, 2020. Touchstone is required to repay $810,000 per quarter commencing on January 1, 2020 through October 1, 2022, and the then outstanding [...]
Touchstone Exploration Inc. announces that on June 13, 2018, it held its annual general meeting of shareholders. During the business proceedings at the Meeting, Touchstone’s shareholders approved the following resolutions: Resolution to fix the number of directors of the Company to be elected at the Meeting at seven. Shareholders approved the election of seven nominees as directors of Touchstone to serve until the [...]
CALGARY, Alberta, June 12, 2018 -- Touchstone Exploration Inc. announces that its Annual General Meeting of shareholders, which will be held on Wednesday, June 13, 2018 at 10:00 a.m. at the Hyatt Regency Trinidad, will be streamed live for the benefit of all shareholders. Immediately following the business of the AGM, Touchstone Management will deliver a corporate presentation to shareholders. The Company invites [...]
CALGARY, Alberta, May 15, 2018 -- Touchstone Exploration Inc. announces its financial and operating results for the three months ended March 31, 2018 . Selected financial and operational information is outlined below and should be read in conjunction with Touchstone’s March 31, 2018 unaudited interim consolidated financial statements and related Management’s discussion and analysis, both of which will be [...]
CALGARY, Alberta, May 14, 2018 -- Touchstone Exploration Inc. announces an operational and drilling update. Highlights Achieved first quarter 2018 average crude oil production of 1,543 barrels per day , a 21% increase relative to the 1,280 bbls/d produced in the prior year comparative quarter. Delivered April 2018 average production of 1,669 bbls/d. Current field estimated average production is approximately 1,772 bbls/d [...]
CALGARY, Alberta, March 27, 2018 -- Touchstone Exploration Inc. announces its financial and operating results for the three months and year ended December 31, 2017. Selected financial and operational information is outlined below and should be read in conjunction with Touchstone’s December 31, 2017 audited consolidated financial statements, the related Management’s discussion and analysis and the Annual [...]
CALGARY, Alberta, March 14, 2018 -- Touchstone Exploration Inc. announces an operational and drilling update. Highlights Achieved January and February 2018 crude oil sales of 1,521 and 1,552 barrels per day , respectively. Realized average prices of US$61.17 per barrel and US$57.79 per barrel for January and February crude oil volumes, respectively. Production from the four wells drilled in 2017 remained strong [...]
CALGARY, Alberta, March 08, 2018 -- Touchstone Exploration Inc. announces the results of its independent year-end 2017 reserves evaluation. Reserve numbers provided herein were derived from an independent reserves report prepared by GLJ Petroleum Consultants Ltd. effective December 31, 2017. All currency amounts are in Canadian dollars unless otherwise stated. The financial information contained herein is based on the [...]
CALGARY, Alberta, Feb. 07, 2018 -- Touchstone Exploration Inc. announces the commencement of its ten well onshore drilling program in the Republic of Trinidad and Tobago which is expected to be fully funded by current cash balances and cash flows from operations. The Company spudded the first well of the program on its Grand Ravine WD-4 block on February 3, 2018. The PS-602 well is being drilled to an approximate total [...]
North Energy Capital AS announces that on January 18, 2018, North Energy purchased 150,000 common shares of Touchstone Exploration, representing approximately 0.12% of the total number of issued and outstanding Common Shares at a price of GBP £0.125 per Common Share for total consideration of GBP £18,750. The Common Shares were purchased through the facilities of the AIM Market of the London Stock Exchange. Prior to the [...]
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