CARACAS, VENEZUELA (Piero Stewart, Energy Analytics Institute, 13.Dec.2024) — Touchstone Exploration Inc.‘s wholly owned subsidiary, Touchstone Exploration (Trinidad) Ltd. (TETL), entered into an agreement with BG Overseas Holdings Limited to acquire all the share capital of Shell Trinidad Central Block Limited (STCBL).
Per the terms of the acquisition agreement, TETL will pay BG Overseas $23mn in cash prior to closing adjustments, Calgary-based Touchstone announced 13 Dec. 2024 in an official statement.
