CALGARY, ALBERTA--(Marketwired - Jul 16, 2014) - Touchstone Exploration Inc. ("Touchstone" or the "Company") (TSX:TXP) is pleased to provide an operations update. Highlights: Achieved average field estimated production for the first 13 days of July of 2,275 barrels per day; 1,769 barrels per day in Trinidad and 506 barrels per day in Canada Drilled and cased four (3.16 net) wells in Trinidad Established positive [...]
CALGARY, ALBERTA--(Marketwired - Jul 2, 2014) - Touchstone Exploration Inc. ("Touchstone" or the "Company") (TSX:TXP) is pleased to announce that it has made a $21.6 million principal prepayment of its existing 9.25% senior secured long-term debt facility arranged with Norrep Credit Opportunities Fund, LP ("Norrep"), a fund managed by Crown Capital Partners Inc. With the payment Touchstone has fully repaid the $24.0 [...]
CALGARY, ALBERTA--(Marketwired - May 23, 2014) - Touchstone Exploration Inc. ("Touchstone" or the "Company") (TSX:TXP) is pleased to announce that it has purchased and discharged the remaining $2,000,000 aggregate principal amount of convertible debentures. As a result of this purchase, the Company has no remaining convertible debenture units outstanding. The 9.5% convertible senior unsecured debentures were purchased [...]
Touchstone Exploration is pleased to provide an operational update following the closure of the previously announced combination of Petrobank Energy and Resources Ltd. and Touchstone Exploration Inc. PRODUCTION: The Company's field estimated average oil production as of May 15, 2014 was 2,080 barrels per day (100% oil weighted). Production in Trinidad represented approximately 80% (1,660 barrels per day) while Canadian [...]
Petrobank Energy and Resources and Touchstone Exploration are pleased to announce the completion of the previously announced combination of New Touchstone and Touchstone by way of a statutory plan of arrangement. Pursuant to the Arrangement, New Touchstone acquired all the outstanding shares of Touchstone through the issuance of 0.471 New Touchstone shares in exchange for each Touchstone share. Following the Arrangement [...]
Petrobank Energy and Resources and Touchstone Exploration are pleased to announce that the combination of Touchstone and Petrobank has received approval today from the Court of Queen's Bench of Alberta. As previously announced, the shareholders of Petrobank and Touchstone approved all matters related to the Arrangement at the shareholder meetings held April 28, 2014. Under the terms of the Arrangement Agreement dated [...]
Petrobank Energy and Resources and Touchstone Exploration are pleased to announce that our respective shareholders have approved all matters related to the proposed combination of Petrobank and Touchstone previously announced on March 6 and detailed in our Joint Management Information Circular and Proxy Statement dated March 28. There were no dissenting shareholders. The Arrangement is expected to be completed on or about [...]
Petrobank Energy and Resources and Touchstone Exploration are pleased to announce that we have mailed and filed our Joint Management Information Circular and Proxy Statement on The System for Electronic Document Analysis and Retrieval under each company's respective profiles. Petrobank and Touchstone shareholders should receive the Joint Circular within the next week or they can download an electronic version from SEDAR [...]
Petrobank Energy and Resources and Touchstone Exploration are pleased to announce that they have entered into an agreement that provides for the combination of Petrobank and Touchstone to create a well-capitalized, oil focused Company with high growth potential. The combination of Petrobank and Touchstone will be effected by way of a plan of arrangement under the Business Corporations Act and will result in the combined [...]
CALGARY, ALBERTA--(Marketwired - Feb 27, 2014) - Touchstone Exploration Inc. (the "Company") (TSX VENTURE:TAB) is pleased to report its financial and operating results for the three months ended December 31, 2013. All values in this news release are rounded to thousands of United States dollars unless otherwise stated. During the three months ended December 31, 2013, the Company successfully completed three wells that [...]
CALGARY, ALBERTA--(Marketwired - Feb 10, 2014) - Touchstone Exploration Inc. ("Touchstone" or the "Company") (TSX VENTURE:TAB) is pleased to announce that effective March 5, 2014 Mr. Michael Loewen has been appointed as the new Country Manager for Touchstone's wholly owned Trinidad subsidiary company, Territorial Services Limited ("Territorial"). Mr. Loewen is a Petroleum Engineer with over 25 years of experience in the [...]
CALGARY, ALBERTA--(Marketwired - Feb 3, 2014) - Touchstone Exploration Inc. ("Touchstone" or the "Company") (TSX VENTURE:TAB) is pleased to announce that the Ministry of Energy and Energy Affairs ("MEEA") has informed Touchstone that its application, made through the Company's wholly owned Trinidad subsidiary Primera Oil and Gas Limited, in the 2013 Trinidad and Tobago Onshore Bid Round was successful. The Company will [...]