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Touchstone Exploration (TXP) Share News

IN BRIEF: Touchstone Exploration signs second revolving loan facility

26th May 2023 13:46

Touchstone Exploration Inc - Calgary, Canada-based oil and gas company focused on Trinidad & Tobago - Subsididary Touchstone Exploration Ltd signs second USD7 million revolving loan facility with an unnamed Trinidad-based lender. Intends to use revolving loan proceeds to maintain financial flexibility while it proceeds with its Royston-1X production testing operations the construction of its Cascadura facility. Read More

IN BRIEF: Touchstone Exploration CEO fined for securities rules breach

17th May 2023 19:53

Touchstone Exploration Inc - Calgary, Canada-based oil and gas company focused on Trinidad & Tobago - Announces that its Chief Executive Officer Paul Baay has entered into a settlement agreement with the Alberta Securities Commission in relation to a breach of the Securities Act. Baay admits that he, on six occasions emailed draft Touchstone news releases to an employee of a regulated Canadian investment dealer firm, prior to the news being broadly distributed. Baay has paid the ASC CAD40,000, around GBP23,823, in settlement of the matter and will complete training in public company governance best practice. Read More

IN BRIEF: Touchstone Exploration loss widens amid lower oil price

12th May 2023 13:55

Touchstone Exploration Inc - Calgary, Canada-based oil and gas company focused on Trinidad & Tobago - Net loss in the first quarter of 2023 widens slightly as price received nearly halves. Net loss increases to USD279,000 from USD236,000 a year ago. Average daily output grows 53% to 2,139 barrels of oil equivalent from 1,396. However, realised commodity price plunges 47% to USD44.03 per barrel of oil equivalent from USD83.55. As a results, petroleum and natural gas sales revenue declines by 19% to USD8.5 million from USD10.5 million. Looking ahead, expects second production test of Royston-1X sidetrack well in Trinidad to start late this month. Read More

Touchstone Exploration says Royston-1X well test indicates crude oil

24th Apr 2023 10:22

(Alliance News) - Touchstone Exploration Inc on Monday said the initial Royston-1X production test on the least prospective part of the well has confirmed the presence of light crude oil at non-commercial rates. Read More

AIM WINNERS & LOSERS: Karelian rises as exploration programmes begin

24th Apr 2023 09:50

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday. Read More

LONDON MARKET OPEN: Stocks largely lower; oil majors weigh on FTSE 100

24th Apr 2023 08:55

(Alliance News) - Stock prices in London opened larger lower on Monday, with the FTSE 100 weighed down by oil producers Shell and BP as the price of crude softened. Read More

Touchstone annual profit down after swing to impairment; production up

24th Mar 2023 11:01

(Alliance News) - Touchstone Exploration Inc on Friday said annual profit fell despite revenue increasing, as total expenses multiplied. Read More

IN BRIEF: Touchstone Exploration year-end reserves increase by 33%

6th Mar 2023 16:19

Touchstone Exploration Inc - Calgary, Canada-based oil and gas company focused on Trinidad and Tobago - In 2022, increases proved developed producing gross reserves by 33% to 4,843 million barrels of oil equivalent. Total proved reserves fall by 0.7% to 38,463Mboe and total proved plus probable reserves fall by 0.6% to 75,074Mboe. Total proved plus probable plus possible also fall by 0.6%, dropping to 120,594Mboe. Says total proved developed producing reserve replaces 2022 annual production by more than quadruple. Read More

TRADING UPDATES: Cordiant Digital hails portfolio firm's deal with AMC

2nd Mar 2023 14:47

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More

Touchstone expects initial natural gas from Cascadura facility in June

27th Feb 2023 12:19

(Alliance News) - Touchstone Exploration Inc on Monday said it was notified by the National Gas Company of Trinidad & Tobago Ltd that they expect to receive first gas production from the Cascadura natural gas and associated liquids facility on or around June 30. Read More

Touchstone's Royston-1X is "important share price catalyst" - Shore

6th Feb 2023 11:05

(Alliance News) - Touchstone Exploration Inc announced on Monday that it has begun operations at its Royston-1X sidetrack well at the onshore Ortoire block in Trinidad & Tobago. Read More

Touchstone begins Royston-1X operations in Trinidad & Tobago

6th Feb 2023 10:36

(Alliance News) - Touchstone Exploration Inc announced on Monday that it has begun operations at its Royston-1X sidetrack well at the onshore Ortoire block in Trinidad & Tobago. Read More

TRADING UPDATES: Mobile Tornado loses CEO; DeepVerge revenue jumps

9th Jan 2023 20:41

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More

IN BRIEF: Touchstone Exploration raises USD13 million through placing

6th Dec 2022 17:08

Touchstone Exploration Inc - Calgary, Canada-based upstream oil and gas company - Raises USD13 million through a placing in Canada and the UK of 19.9 million shares at a price of 54.5 pence each. Read More

Touchstone announces UK and Canadian placings for Trinidad development

6th Dec 2022 11:44

(Alliance News) - Touchstone Exploration Inc on Tuesday said it has launched a private placement in Canada, as well as a further proposed placing in the UK, in order to accelerate exploration and development at its Ortoire asset in Trinidad and Tobago. Read More

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