(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 […]
Tag: Touchstone Exploration
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 […]