Touchstone Exploration Inc
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in mil. unless spec.Company Description
- CEO
- Paul Raymond Baay
- Full Time Employees
- 103
- Sector
- Energy minerals
- Industry
- Oil & gas production
- Address
- 350-7th Avenue SW Calgary AB Canada T2P 3N9
- IPO Date
- Mar 17, 1997
- Website
- touchstoneexploration.com
- Similar Companies
- Business
- Touchstone Exploration Inc. is a Canada-based upstream oil and gas company focused on the acquisition, exploration, development, production, and sale of petroleum and natural gas from onshore properties in the Republic of Trinidad and Tobago. Founded in 2010 and headquartered in Calgary, Alberta, the company operates as the largest independent onshore oil and gas producer in Trinidad, holding approximately 149,247 net acres across crude oil developed acreage in the Southern Basin; natural gas developed acreage including the Coho and Cascadura fields in the Herrera formation with five successful exploration and appraisal wells drilled since 2019; and exploration blocks such as Ortoire, Cipero, Charuma, and Rio Claro targeting Herrera, Cretaceous, and Nariva formations. It conducts upstream activities under state exploration and production licenses from the Ministry of Energy and Energy Industries, Lease Operatorship Agreements, an Enhanced Production Service Contract with state-owned Heritage Petroleum Company Limited, and private subsurface and surface leases with landowners, serving domestic petrochemical and LNG export markets via contracts linked to world LNG prices. In December 2024, Touchstone agreed to acquire Shell Trinidad Central Block Limited from BG Overseas Holdings for $23 million cash plus closing adjustments, effective January 1, 2025 and expected to close in Q2 2025 pending approvals, adding approximately 2,080 boepd net production (94% natural gas), an 80 MMcf/d gas processing plant, and access to Atlantic LNG facilities; the company raised £15.4 million via private placement in May 2025 and secured a $30 million term loan to fund this acquisition and 2025 drilling including Cascadura-4ST1, Cascadura-5, and two Central Block wells.
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