PANAMA CITY, PANAMA (Piero Stewart, Energy Analytics Institute, 6.Mar.2025) — Touchstone Exploration Inc. said its gross 1P reserves reached 29,070 thousand barrels of oil equivalent (Mboe) in 2024, down 14% compared to 2023, while its gross 2P reserves reached 50,063 Mboe in 2024, down 26% compared to 2023.
Touchstone said its net present value of future net revenues discounted at 10% (NPV10) on a before tax 1P basis fell 5% to $354.4mn in 2024 compared to 2023, while on a 2P basis it fell 8% to $671mn, the Calgary-based company said 6 Mar. 2025 in its year-end 2024 financial press release.
