Touchstone Exploration Inc. is pleased to announce that it has entered into an amended and restated loan agreement with its Trinidad based lender providing for a $10 million increase in the principal balance to $30 million . Touchstone currently has $15 million of the loan principal balance drawn and anticipates withdrawing the remaining $15 million available balance prior to the end of 2021. The Amended Loan Agreement [...]
Touchstone Exploration Inc. , is pleased to announce the results of the final production test at our Royston-1 exploration well which has confirmed a light oil discovery in the upper most section of the Herrera Formation. Touchstone has an 80 percent operating working interest in the well, which is located on the onshore Ortoire block on the island of Trinidad. Heritage Petroleum Company Limited holds the remaining 20 [...]
Touchstone Exploration Inc. is pleased to provide an update on the results of the first production test at our Royston-1 exploration well and provide data from the second test, both of which confirmed separate light oil discoveries. As previously released, the first and deepest Royston-1 completion and exploration test was designed to evaluate an interval at the bottom of the well in the intermediate sheet of the Herrera [...]
Touchstone Exploration Inc. reports its operating and financial results for the three and nine months ended September 30, 2021. Selected information is outlined below and should be read in conjunction with Touchstone's September 30, 2021 unaudited interim condensed consolidated financial statements and related Management's discussion and analysis, both of which will be available under the Company's profile on SEDAR and [...]
Touchstone Exploration Inc. is pleased to announce the results of the first of three planned production tests at our Royston-1 exploration well which has confirmed a light oil discovery in the lowermost section of the well. The section tested was initially designed to establish the base of potential hydrocarbon, and this light oil discovery represents a new pool which has not been encountered in any of the regional [...]
Touchstone Exploration Inc. reports that the Company has completed drilling the Royston-1 exploration well and is pleased to announce that the well encountered substantial hydrocarbon accumulations based on drilling and wireline log data. Touchstone has an 80 percent operating working interest in the well, which is located on the Ortoire block onshore in the Republic of Trinidad and Tobago. Heritage Petroleum Company [...]
Touchstone Exploration Inc. reports its operating and financial results for the three months ended June 30, 2021. Selected information is outlined below and should be read in conjunction with Touchstone's June 30, 2021 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 . Unless [...]
Touchstone Exploration Inc. announces that we have executed ten-year Lease Operatorship Agreements with Heritage Petroleum Company Limited for our CO-1, CO-2, WD-4 and WD-8 Blocks effective January 1, 2021. The LOAs governing our core legacy oil producing properties expire December 31, 2030 and were renewed under substantially similar terms to the previous arrangements. In conjunction with the execution of the LOAs, the [...]
Touchstone Exploration Inc. announces that its shareholders approved all resolutions at its 2021 Annual Meeting of Shareholders held virtually on June 9, 2021. 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 eight, with 99.87% of the common shares represented at the [...]
Touchstone Exploration Inc. provides an operational update, highlighted by the recovery of pressure gauges from the Cascadura Deep-1 well on the Company's Ortoire onshore exploration block in Trinidad . As previously announced, the Cascadura Deep-1 well was completed over a 199-foot-thick interval in Sheet Four of the overthrust Herrera Formation. Following production testing operations, the well was shut in for a [...]
Touchstone Exploration Inc. reports its operating and financial results for the three months ended March 31, 2021. Selected information is outlined below and should be read in conjunction with Touchstone's March 31, 2021 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. announces the completion of flowback testing of the Cascadura Deep-1 well, confirming a liquids rich natural gas discovery. Touchstone has an 80 percent operating working interest in the well, which is located on the Ortoire block onshore Trinidad and Tobago holds the remaining 20 percent working interest). Highlights Touchstone perforated the top 199 feet of the 449 feet identified as [...]