Touchstone Exploration Inc. ,) announces that all matters presented for approval at the 2024 annual meeting of shareholders held virtually today were fully authorized and approved. A total of 66,700,107 common shares of the Company were voted in connection with the Meeting, representing 28.48% of the common shares eligible to vote at the Meeting. During the business proceedings of the Meeting, Touchstone's shareholders [...]
Touchstone Exploration Inc. reports its financial and operating results for the three months ended March 31, 2024 and provides an operational update. Selected financial information is outlined below and should be read in conjunction with our March 31, 2024 unaudited interim condensed consolidated financial statements and related Management's discussion and analysis, both of which will be available under our profile on [...]
Touchstone Exploration Inc. is pleased to announce that it has reached an agreement with Trinity Exploration and Production Plc on the terms of an all-share acquisition by which Touchstone will acquire all of the issued and to be issued ordinary share capital of Trinity . Trinity is a crude oil exploration, development and production company with onshore and offshore assets located solely in the Republic of Trinidad and [...]
Touchstone Exploration Inc. announces that, further to the Company's news release on March 4, 2024, Touchstone Exploration Ltd., our wholly owned Trinidadian subsidiary, has entered into the third amended and restated loan agreement with our Trinidad based lender . The Amended Loan Agreement provides for an additional $10 million five-year non-revolving term loan facility and an increase to our existing revolving loan [...]
Touchstone Exploration Inc. provides an operational update, highlighted by drilling results at our Cascadura-3ST1 delineation well and our CO-374 development well. Highlights The Cascadura-3ST1 delineation well was drilled to a total depth of 8,252 feet, and openhole logs and drilling data indicated a total sand thickness of approximately 900 feet in the targeted Herrera Formation. The Cascadura-3ST1 well has been cased [...]
Touchstone Exploration Inc. reports its operating and condensed financial results for the three months and year ended December 31, 2023. Selected financial information is outlined below and should be read in conjunction with our December 31, 2023 audited consolidated financial statements and related Management's discussion and analysis, both of which will be available under our profile on SEDAR+ and on our website [...]
Touchstone Exploration Inc. is pleased to provide updates on its bank debt and drilling operations. Bank Debt Touchstone's wholly owned Trinidadian subsidiary, Touchstone Exploration Ltd., has entered into a binding term sheet with our existing Trinidad-based lender providing for an increase in borrowing capacity of $13 million . The parties are currently documenting an amended and restated bank loan agreement and related [...]
Touchstone Exploration Inc. announces 2023 year-end reserves. Touchstone's independent reserves evaluation was prepared by GLJ Ltd. with an effective date of December 31, 2023 . Highlights of our total proved developed producing , total proved , total proved plus probable and total proved plus probable plus possible reserves from the Reserves Report are provided below. Unless otherwise stated, all financial amounts [...]
Touchstone Exploration Inc. is pleased to announce an operational update, highlighted by the drilling results of the Cascadura-2 delineation well. Highlights The Cascadura-2 delineation well was drilled to a total depth of 7,132 feet. Drilling of the well was suspended prior to the planned total depth of 8,300 feet to preserve the substantial pay section observed in the well after high pressure gas zones were encountered [...]
TR-1: Standard form for notification of major holdings NOTIFICATION OF MAJOR HOLDINGS i 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: Touchstone Exploration Inc. 1b. Please indicate if the issuer is a non-UK issuer 2. Reason for the notification An acquisition or disposal of voting rights An acquisition or disposal of financial instruments X An event changing [...]
Touchstone Exploration Inc. is pleased to announce its annual 2024 capital budget, preliminary 2024 guidance and an operational update. Paul Baay, President and Chief Executive Officer, commented: "Our top priority remains maintaining a culture of safe and responsible operations that continues to drive near and long-term value creation for our investors. I am pleased to announce our growth-oriented capital budget for 2024 [...]
7 596/2014 2018. Touchstone Exploration Inc. is pleased to announce its annual 2024 capital budget, preliminary 2024 guidance and an operational update. Paul Baay, President and Chief Executive Officer, commented: "Our top priority remains maintaining a culture of safe and responsible operations that continues to drive near and long-term value creation for our investors. I am pleased to announce our growth-oriented [...]
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