Touchstone Exploration Inc.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- CEO
- Paul Raymond Baay
- Full Time Employees
- 103
- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- 350-7th Avenue SW Calgary AB Canada T2P 3N9
- IPO Date
- Feb 13, 2009
- Website
- touchstoneexploration.com
- Similar Companies
- Business
- Touchstone Exploration Inc. (TSX, LSE AIM: TXP; OTC: PBEGF) engages in the exploration, development, acquisition, production, and sale of petroleum and natural gas properties, primarily onshore in the Republic of Trinidad and Tobago; it operates as the largest independent onshore oil and gas producer on the island with approximately 145,000 working interest acres of exploration and development rights in southern Trinidad under state exploration and production licenses, lease operatorship agreements, and an enhanced production service contract with Heritage Petroleum Company Limited, as well as private subsurface and surface leases, alongside minor undeveloped acreage in Saskatchewan, Canada. The company produces crude oil, condensate, other natural gas liquids (NGLs), and conventional natural gas from key assets including the Cascadura natural gas facility and Coho field in the Ortoire block; the recently acquired Central block, which features four producing gas wells and a gas processing plant with a 65 percent participating interest; and legacy onshore oil properties such as WD-8, WD-4, and Fyzabad, with production volumes averaging 5,141 boe/d (71 percent natural gas) in the third quarter of 2025, comprising 1,051 bbls/d of crude oil at $60.30 per barrel, 436 bbls/d of NGLs at $33.41 per barrel, and 21.9 MMcf/d of natural gas at $2.74 per Mcf. Founded in 2010 and headquartered in Calgary, Alberta, Canada, Touchstone recently completed the acquisition of Shell Trinidad Central Block Limited in May 2025 for approximately $30 million, adding significant natural gas reserves and production capacity estimated at 2.0 MMboe net proved developed producing; raised £15.4 million via private placement in May 2025 and an additional £6.32 million with retail offer in October 2025 to fund Cascadura development wells (Cascadura-4ST1, Cascadura-5) and Central block drilling; issued a US$12.5 million convertible debenture in August 2025; entered an agreement to divest the non-core Fyzabad property for three turnkey drilling wells on WD-8 and WD-4 blocks; announced the departure of Executive Vice President James Shipka in November 2025 with responsibilities redistributed internally; and continues Cascadura and Central field optimization, including drilling up to four additional Central wells, fracture stimulations, and compression installation at Cascadura targeted for the second quarter of 2026.
Touchstone Exploration Announces Closing of the Fundraise and Notice of AGM
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Touchstone Exploration shares fall 14% as going concern warning overshadows full-year results
Touchstone Exploration shares fall 14% as going concern warning overshadows full-year results
Touchstone Exploration Announces an Operational Update
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Touchstone Exploration Inc. (TXP:CA) Discusses VAT Recovery Status and Debt Covenant Strategy for 2025-2026 Transcript
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Touchstone Exploration Announces Third Quarter 2025 Results