Touchstone Exploration Inc is redefining the landscape of oil and gas reserves in Trinidad and Tobago with a year-end evaluation revealing the company is growing its reserves faster than it extracts them. The findings highlight Touchstone’s exceptional operational performance and strategic focus on sustainable growth.
Touchstone’s operations in onshore Trinidad reported a 4.6% increase in proved plus probable reserves, amounting to 15,465 mbbls of oil, an impressive growth despite a robust annual production of 573.2 million barrels. This achievement underscores the company’s ability to replace reserves at more than double the extraction rate, with a replacement ratio of 219% for 2015. Sales during the fiscal year averaged 1,600 barrels per day, aligning with production at 1,570 barrels daily.
This solid reserve growth reflects Touchstone’s efficient asset management and commitment to optimizing its operations in the region. With shares trading at an accessible 18 cents on the Toronto exchange, the company demonstrates strong potential for investors looking to benefit from its calculated approach to resource development and long-term profitability.
Touchstone Exploration Inc specializes in acquiring and developing onshore oil and gas properties, delivering consistent growth in reserves and production with a focus on operational excellence.
