![Touchstone’s YE:24 1P Reserves Fall 14% Compared to YE:23 [PDF Download]](https://energy-analytics-institute.org/wp-content/uploads/2023/02/trinidad-cascadura-1-source-touchstone.jpg)
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 […]
Tag: Touchstone Exploration
Touchstone to Pay $23mn to Shell Trinidad for Central Block Assets
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 […]
Touchstone Reports 3Q:24 Results (PDF Download)
(Touchstone, 13.Nov.2024) — Touchstone Exploration Inc. reported financial and operating results for the three and nine months ended 30 Sep. 2024 and updated 2024 guidance. Third Quarter 2024 Financial and Operating Highlights • Achieved average quarterly production of 5,211 boe/d (75% natural gas), a 54% increase relative to 3,391 boe/d […]
Touchstone Reports on Cascadura Test Well Results
(Energy Analytics Institute, 11.Nov.2024) — Touchstone Exploration Inc. announces the completion of Cascadura-2ST1 and Cascadura-3ST1 well testing. Highlights • Cascadura-2ST1 Well: during an extended 48-hour test, Cascadura-2ST1 produced an average rate of approximately 4,950 boe/d, consisting of 26.4 MMcf/d of natural gas and 547 b/d of NGLs. • Fluid Analysis for […]
Touchstone Executes Rio Claro Block License
(Energy Analytics Institute, 5.Nov.2024) — Touchstone Exploration Inc.‘s wholly owned Trinidadian subsidiary Primera Oil and Gas Limited (POGL) executed on 4 Nov. 2024 an Exploration and Production (Public Petroleum Rights) license for the Rio Claro block. The Rio Claro License has been formally entered into by POGL, the Government of […]
Touchstone Initiates Output at Cascadura C Well Pad in Trinidad
(Energy Analytics Institute, 4.Nov.2024) — Touchstone Exploration Inc. initiated production at the Cascadura C well pad onshore Trinidad and Tobago. Touchstone has safely commissioned the flowline connecting our Cascadura C surface location to the Cascadura natural gas processing plant, which ties in our Cascadura-2ST1 and Cascadura-3ST1 wells, Touchstone announced 4 […]
Touchstone on Lapsing of Acquisition
(Energy Analytics Institute, 19.Sep.2024) — The Touchstone board of directors revealed that Trinity‘s announcement on 18 Sep. 2024 its board is seeking the permission of the Court to formally withdraw the scheme at a Court hearing which has been scheduled for 25 Sep. 2024. Notwithstanding withdrawal of the Scheme, the […]
Touchstone on All Share Offer for Trinity
(Touchstone, 25.Jul.2024) — Touchstone Exploration Inc. notes the announcement made yesterday by Trinity Exploration and Production Plc. regarding a possible cash offer for Trinity (the “Possible Offer”), and the decision by the board of directors of Trinity (the “Trinity Board”) to reschedule the Court Hearing to 23 Aug. 2024. Capitalised terms […]
Touchstone on Acquisition of Trinity Exploration and Production Plc
(Touchstone, 1.May.2024) — Touchstone Exploration Inc. (TSX, LSE: TXP) has reached an agreement with Trinity Exploration and Production Plc on the terms of an all-share acquisition by which Touchstone will acquire all of the issued and to be issued ordinary share capital of Trinity. Trinity is a crude oil exploration, […]
Touchstone Closes Expanded Bank Facilities
(Touchstone, 22.Apr.2024) — Touchstone Exploration Inc.‘s wholly owned Trinidadian subsidiary Touchstone Exploration (Trinidad) Ltd. has entered into the third amended and restated loan agreement with our Trinidad based lender. The amended loan agreement provides for an additional $10mn five-year non-revolving term loan facility and an increase to our existing revolving […]
Touchstone 2023 Operating Results
(Touchstone, 21.Mar.2024) — Touchstone Exploration Inc. (TSX, LSE: TXP) reports its operating and condensed financial results for the three months and year ended 31 Dec. 2023. Selected financial information is outlined below and should be read in conjunction with our 31 Dec. 2023 audited consolidated financial statements and related Management’s discussion […]
Touchstone Updates on Cascadura Field in 3Q:23 Results
(Touchstone, 14.Nov.2023) — Touchstone Exploration Inc. (TSX, LSE: TXP) provided an operational update and reports its operating and financial results for the three and nine months ended 30 Sep. 2023. Paul Baay, President and Chief Executive Officer, commented: “The positive impact that initial output from our Cascadura field has had […]
Touchstone Commences Cascadura Production
(Touchstone, 7.Sep.2023) — Touchstone Exploration Inc (TSX, LSE: TXP) announces that the Cascadura natural gas and liquids facility has safely delivered first production. Touchstone has an 80% operating working interest in the Cascadura field, which is located on the Ortoire block onshore in the Republic of Trinidad and Tobago. Heritage […]
Touchstone Updates on Ortoire Operations
(Touchstone, 24.Aug.2023) — Touchstone Exploration Inc. (TSX, LSE: TXP) provides an update on Royston-1X well production testing, commissioning of the Cascadura natural gas and liquids facility, and operations at Coho. Touchstone has an 80 percent operating working interest in the Royston-1X sidetrack well and the Cascadura and Coho fields, all […]
Touchstone Reports Higher 1Q:23 Production Compared to 1Q:22 [PDF Download]
(Touchstone, 12.May.2023) — Touchstone Exploration Inc. (TSX, LSE: TXP) produced qtrly avg volumes of 2,139 boe/d in the 1Q:23, up 53% relative to the 1,396 boe/d produced in the 1Q:22, but down 4% compared to the 4Q:22, the co. announced 12 May 2023 in an official stmt. ____________________
EAI’s NRGBriefs: Mar. 2023
(Energy Analytics Institute, 31.Mar.2023) — Energy briefs as well as others related to finance and politics during March 2023 including Staatsolie Hydrocarbon Institute (SHI), a wholly owned subsidiary of Staatsolie Maatschappij Suriname N.V., and launch of a competitive bid round of six new blocks in the currently sparsely explored Demerara […]
Touchstone Starts Operations at Royston-1X Sidetrack in Trinidad
(Touchstone, 6.Feb.2023) — Touchstone Exploration Inc. (TSX, LSE: TXP) has commenced operations at the Royston-1X sidetrack well located on the onshore Ortoire block in the Republic of Trinidad and Tobago. Touchstone has an 80 percent operating working interest in the well, with Heritage Petroleum Company Limited holding the remaining 20 […]
Touchstone Announces First Natural Gas Production from Coho
(Touchstone, 11.Oct.2022) — Touchstone Exploration Inc. (TSX, LSE: TXP) announced that the Coho facility has safely delivered first natural gas, representing the first onshore natural gas project to come onstream in Trinidad and Tobago in over twenty years. The Coho area is located in the Ortoire block, where Touchstone has […]
Touchstone Announces Approval of Cascadura Certificate
(Touchstone, 17.Aug.2022) — Touchstone Exploration Inc. (TSX, LSE:TXP) announced on 16 August 2022 that it received a Certificate of Environmental Clearance (“CEC”) to conduct development operations within the Cascadura area of the Ortoire block from the Trinidad and Tobago Environmental Management Authority. Touchstone has an 80 percent operating working interest […]
Touchstone Completes Cascadura EIA in Trinidad
(Touchstone, 8.Aug.2022) — Touchstone Exploration Inc. (TSX, LSE: TXP) announces that the Trinidad and Tobago Environmental Management Authority (“EMA”) confirmed no further information is required regarding the Cascadura Environmental Impact Assessment (“EIA”). The Cascadura EIA supports the Company’s application for a Certificate of Environmental Clearance (“CEC”) to conduct development operations […]
Touchstone Announces BODs Changes
(Touchstone, 11.Jul.2022) — Touchstone Exploration Inc. (TSX, LSE: TXP) announced the appointments of Dr. Priya Marajh and Jenny Alfandary to our Board of Directors with immediate effect. Dr. Marajh will serve on the Board’s Health, Safety, Social and Environmental (“HSSE”) Committee and Compensation and Governance Committee and Ms. Alfandary will […]
Touchstone on Cascadura EIA Review Process Update
(Touchstone, 6.Jul.2022) — Touchstone Exploration Inc. (TSX, LSE: TXP) provides a further update on the status of the Cascadura Environmental Impact Assessment (“EIA”) in support of an application for a Certificate of Environmental Clearance, which must be approved by the Trinidad and Tobago Environmental Management Authority (“EMA”) to conduct development operations […]
Touchstone on Trinidad Operations, Environmental Incident
(Touchstone Exploration, 27.Jun.2022) — Touchstone Exploration Inc. (TSX, LSE: TXP) provides an update on the operational progress across the Ortoire block, onshore Trinidad. Touchstone has an 80 percent operating working interest in Ortoire block, with Heritage Petroleum Company Limited holding the remaining 20 percent working interest. Coho • The pipeline […]
NRGBriefs: SEOGS 2022; Cascadura Separators Ready for Shipment
(Energy Analytics Institute, 2.Jun.2022) — Energy briefs including the upcoming Suriname Energy, Oil & Gas Summit and Exhibition; and Touchstone Exploration preparing to receive the separators for the Cascadura facility that will be shipped from Alberta, Canada to Trinidad and Tobago. LATIN AMERICA AND THE CARIBBEAN Colombia — Celsia intensifies […]
NRGBriefs: Pampa Energía Annual Report; Coho Trenching Starts
(Energy Analytics Institute, 16.May.2022) — Energy briefs including Argentine oil producer Pampa Energía S.A. revealing its annual report for year-end 2021; and Touchstone Exploration saying that trenching has commenced at its Coho project. LATIN AMERICA AND THE CARIBBEAN Argentina — Argentine oil producer Pampa Energía S.A. revealed its annual rpt […]
NRGBriefs: Touchstone’s Strongest Quarter; JinkoSolar Files Form 20-F
(Energy Analytics Institute, 13.May.2022) — Energy briefs including Touchstone Exploration Inc‘s (AIM:TXP, TSX:TXP, OTC:PBEGF) President and CEO Paul Baay joining Katie Pilbeam to talk about one of the company’s strongest quarters to date; and JinkoSolar Holding Co., Ltd. (NYSE: JKS) filing its annual report on Form 20-F for the fiscal year […]
Touchstone Announces Approval of Ortoire Licence Extension
(Touchstone, 11.Mar.2022) — Touchstone Exploration Inc. (TSX, LSE: TXP) announces that the government of Trinidad and Tobago (“GoTT”) has approved a five-year extension of the exploration and production licence for the Ortoire block. Touchstone has an 80 percent operating working interest in the licence, with Heritage Petroleum Company Limited holding […]
Touchstone Reveals Inaugural 2020 Sustainability Report
(Touchstone, 29.Dec.2021) — Touchstone Exploration Inc. presented its inaugural 2020 Sustainability Report, outlining our progress and initiatives on environmental, social and governance (ESG) practices. This report was approved by the company’s Board of Directors and provides all stakeholders insight into our environmental stewardship, community involvement and effective governance standards. Paul […]
Touchstone’s Credit Facility Raised To $30mn
(Touchstone, 22.Dec.2021) — Touchstone Exploration Inc. (TSX, LSE: TXP) entered into an amended and restated loan agreement with its Trinidad based lender providing for a $10mn increase in the principal balance to $30mn. Touchstone currently has $15mn of the loan principal balance drawn and anticipates withdrawing the remaining $15mn available […]
Touchstone Finds Light Oil At Royston-1
(Touchstone, 8.Nov.2021) — Touchstone Exploration Inc. (TSX, LSE: TXP) announced 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 […]
Touchstone Reports Royston-1 Drilling Results
(Touchstone, 24.Sep.2021) — Touchstone Exploration Inc. (TSX, LSE: TXP) 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 […]
Touchstone Announces Ten-year Lease Operatorship Deals
(Touchstone, 22.Jun.2021) — Touchstone Exploration Inc. executed a ten-year Lease Operatorship Agreements (LOAs) with Heritage Petroleum Company Limited for its CO-1, CO-2, WD-4 and WD-8 Blocks effective 1 January 2021. The LOAs governing our core legacy oil producing properties expire 31 December 2030 and were renewed under substantially similar terms […]
Cascadura Deep-1 Well Test Confirms Liquids Rich Natural Gas
(Touchstone, 12.Apr.2021) — 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 (Heritage Petroleum Company Limited […]
Touchstone Raises $30mn In Private Placement
(Touchstone, 2.Nov.2020) — Touchstone Exploration Inc. placed 24,291,866 new common shares of no par value (the “Placing Shares”) with institutional and other investors in the United Kingdom and Canada at a price of 95 pence per Placing Share (approximately C$1.64) (the “Placing Price”), raising gross proceeds of approximately $30mn (approximately […]
Touchstone Reports Natural Gas Find At Chinook
(Touchstone, 14.Oct.2020) — Touchstone Exploration Inc. completed drilling the Chinook-1 exploration well on the Ortoire exploration block, onshore in the Republic of Trinidad and Tobago (Touchstone 80% working interest operator, Heritage Petroleum Company Limited 20% working interest). The well encountered significant hydrocarbon accumulations based on wireline log data. Chinook-1 is […]
Touchstone Closes Trinidad Based $20mn Term Loan
(Touchstone, 16.Jun.2020) — Touchstone Exploration Inc. announced on 15 June 2020 the conditions precedent were satisfied in respect of its previously announced $20 million, seven-year term loan agreement with Republic Bank Limited. Touchstone withdrew $15 million to satisfy obligations relating to prepaying the company’s former C$20 million credit facility. Pursuant […]
Touchstone Reports 1Q:20 Results, Operational Update
(Touchstone, 14.May.2020) — Touchstone Exploration Inc. reports its operating and financial results for the three months ended March 31, 2020. Selected information is outlined below and should be read in conjunction with Touchstone’s March 31, 2020 unaudited interim consolidated financial statements and related Management’s Discussion and Analysis, both of which […]
Touchstone Annual Shareholder’s Meeting
(Touchstone, 14.May.2020) — Touchstone Exploration Inc. will be holding our annual meeting of shareholders on Wednesday, June 3, 2020, at 10:00 a.m. (Mountain time). This year, to proactively address the unprecedented public health impact of COVID-19 and to mitigate risks to the health and safety of our communities, shareholders, employees […]
Touchstone Closes $11.6 Million Private Placement
(Touchstone, 20.Feb.2020) — Touchstone Exploration Inc. announces that further to the company’s announcement on February 19, 2020 regarding the proposed placing (the “Placing”), the company has placed 22,500,000 new common shares of no par value (the “Placing Shares”) with institutional investors in the United Kingdom at a price of 40 […]
Touchstone Updates On Cascadura-1ST1 Well Testing
(Touchstone, 20.Jan.2020) — Touchstone Exploration Inc. provided an exploration update, highlighted by the first stage of production testing of the Cascadura-1ST1 well on the Ortoire exploration block, onshore in the Republic of Trinidad and Tobago. The Cascadura-1ST1 production test was designed to evaluate a potential oil zone as indicated by […]
Touchstone Reports Onshore Oil Find At Cascadura
(Touchstone, 16.Dec.2019) — Touchstone Exploration Inc. has made a significant crude oil discovery with the Cascadura-1ST1 well on the Ortoire exploration block, onshore in the Republic of Trinidad and Tobago. HIGHLIGHTS — Cascadura-1ST1 cased hole wireline logs indicated significant prospective oil pay totaling 1,037 feet from 1,374 feet of gross […]