CALGARY, ALBERTA (By Touchstone, 25.Feb.2026, Words: 490) — Touchstone Exploration Inc. announced details related to its 2025 year-end reserves as prepared by GLJ Ltd. with an effective date of 31 Dec. 2025.
Highlights of our total proved developed producing (PDP), total proved (1P), and total proved plus probable (2P) reserves from the reserves report are provided below.
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Paul Baay, President and Chief Executive Officer, commented:
“Our year-end reserves report highlights the strategic integration of the Central block into our producing reserve base, establishing a new pillar for LNG-linked growth alongside our stable oil production and Ortoire natural gas assets. This year’s report also reflects the expansion of our gas marketing portfolio, underpinned by fixed-price sales at Ortoire and high-value LNG contracts tied to Central block production.
While data from the Cascadura-5 well necessitated a downward revision to our Block B reserves, Block A remains on forecast and continues to represent a significant opportunity for production growth, particularly as natural gas pricing is subject to redetermined in October 2027.
This independent evaluation underscores the substantial value of our Trinidadian portfolio. The NPV10 of future net revenues for our 2P reserves was estimated at approximately $653 million before tax and approximately $315 million after tax, which represented a 2 percent increase over 2024 despite our 2025 production.
Furthermore, the addition of medium-gravity oil reserves from Cascadura-5 reinforces the potential of our emerging Herrera play. Through low-cost recompletion opportunities, we are well-positioned to efficiently enhance our production base by tapping lower-zone oil within our Block B assets.
Looking ahead, we remain focused on execution. We look forward to tying in Carapal Ridge-3 for production in late March 2026, commencing our legacy oil block drilling program in March, and commissioning the Cascadura compressor in the second quarter of 2026.”
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2025 operational highlights
— transformational acquisition: closed and integrated the acquisition of a 65% working interest in the Central block, successfully adding base LNG production and significant reserves to the company’s portfolio.
— facility optimization: implemented operational enhancements at the Central block natural gas processing plant, driving an approximate 20% production increase over acquired levels.
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— Cascadura-4 drilling: while the well successfully encountered hydrocarbon-bearing zones, the drill string became irretrievably stuck during operations. Following an assessment of potential completion options, the Company has determined that the ability to safely and reliably produce from the current wellbore is unlikely.
— Cascadura-5 drilling: drilled and brought onstream the first Block B well to produce both natural gas and medium-gravity crude oil, diversifying the Cascadura production stream. The well contributed a field estimated gross average sales of approximately 1.9 MMcf/d of natural gas and 46 bbls/d of medium crude oil (approximately 362 boe/d) in Dec. 2025.
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