Touchstone Exploration increases funding facility

Touchstone Exploration Inc (LON:TXP) has announced that, further to the announcement on March 4, 2024, Touchstone Exploration (Trinidad) Ltd., our wholly owned Trinidadian subsidiary, has entered into the third amended and restated loan agreement with our Trinidad based lender.

The Amended Loan Agreement provides for an additional $10 million five-year non-revolving term loan facility and an increase to our existing revolving loan facility borrowing capacity from $7 million to $10 million under the terms previously announced.

As a result, Touchstone Exploration’s credit facilities currently consist of our unchanged seven-year term loan facility, the new five-year $10 million non-revolving term loan facility, and the increased $10 million revolving loan facility.

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Touchstone Exploration Inc

Natural gas prices surge as US weather turns colder

7th January 2025

The natural gas market is seeing a surge in prices fueled by colder weather forecasts and growing demand. Find out more about the latest trends.

Touchstone Exploration advances growth in Trinidad

23rd December 2024

Touchstone Exploration solidifies its position in Trinidad’s energy sector with the recent acquisition of the Rio Claro block through its subsidiary, Primera Oil and Gas. Exciting new opportunities await.

Touchstone Exploration accelerates reserve growth in Trinidad and Tobago

20th December 2024

Touchstone Exploration Inc is redefining oil and gas reserves in Trinidad and Tobago, showing exceptional growth and operational performance.

Touchstone to acquire Shell’s interest in Trinidad & Tobago block

17th December 2024

Touchstone Exploration to acquire Shell’s stake in Trinidad for $23 million, boosting natural gas resources. Pending approval, the deal set for completion in 2025.

Touchstone Exploration Makes Strategic Acquisition from Shell Canaccord Comments

15th December 2024

Touchstone Exploration (LON:TXP) has announced a significant step forward with the acquisition of the Central Block licence from Shell. This deal, priced at $23 million in cash (subject to closing adjustments), includes a gas processing facility and

Touchstone Exploration to acquire Shell Trinidad Central Block Limited

13th December 2024

Touchstone Exploration Inc. (LON:TXP) has announced that its wholly owned subsidiary, Touchstone Exploration (Trinidad) Ltd., has entered into an agreement with BG Overseas Holdings Limited to acquire all the share capital of Shell Trinidad Central Block Limited

Touchstone Exploration unveils 2025 capital budget and growth strategy

11th December 2024

Touchstone Exploration unveils 2025 capital budget focused on Cascadura assets. CEO Baay emphasizes maximizing potential through infrastructure leverage.

Touchstone Exploration Strong Upside Potential Amid Production Adjustments, Canaccord Genuity

10th December 2024

Touchstone Exploration (LON:TXP) continues to showcase its resilience and growth potential as it navigates the challenges of the oil and gas sector. A recent research note from Canaccord Genuity reaffirms a Speculative Buy rating for the company, highlighting significant

Touchstone Exploration reveals 2025 capital budget to boost Cascadura growth

9th December 2024

Touchstone Exploration Inc (LON: TXP) has announced its preliminary annual 2025 capital budget and financial guidance. Paul Baay, President and Chief Executive Officer, commented: “Our 2025 strategy focuses on driving sustainable growth by building on the success

Touchstone Exploration sees strong growth in Q3 2024

2nd December 2024

Touchstone Exploration sees impressive growth in Q3 2024, driven by increased production and revenue. Learn more about their success in the oil and gas sector.

Primera Oil and Gas advances exploration with new Rio Claro licence

25th November 2024

Primera Oil and Gas Limited, a subsidiary of Touchstone Exploration Inc., has officially initiated activities under the Rio Claro licence as of 5 November. This six-year licence involves a financial commitment of $2.4 million, encompassing geological

Touchstone Exploration CEO on Cascadura results, Rio Claro block and 2025 plans (LON:TXP)

19th November 2024

Touchstone Exploration Inc (LON:TXP) Chief Executive Officer Paul Baay caught up with DirectorsTalk for an exclusive interview to discuss fantastic results at the two wells at Cascadura, the recently acquired Rio Claro block, drill-to-fill strategy, and

Touchstone expands exploration potential

18th November 2024

Touchstone Exploration, through its subsidiary POGL, has secured an exploration and production licence for the Rio Claro block in Trinidad and Tobago. This agreement was finalised in collaboration with the Government of Trinidad and Tobago, the

Touchstone Exploration reports strong Q3 financials with 54% production increase

13th November 2024

Touchstone Exploration Inc (LON:TXP) has reported financial and operating results for the three and nine months ended September 30, 2024 and updated 2024 guidance. Selected financial information is outlined below and should be read in conjunction with our

Touchstone Exploration secures new Rio Claro block licence in T&T

12th November 2024

Touchstone Exploration, through its subsidiary POGL, has obtained an exploration and production licence for the Rio Claro block in Trinidad and Tobago. This agreement, completed with the Government of Trinidad and Tobago, the Ministry of Energy

Touchstone Exploration CEO Paul Baay on the Latest Cascadura Well Success and Strategic Expansion in Trinidad (VIDEO)

12th November 2024

Touchstone Exploration (LON:TXP) CEO Paul Baay joins DirectorsTalk Interviews to discuss completion of Cascadura-2 ST1 and Cascadura-3 ST1 well testing. In this interview, Touchstone Exploration’s CEO, Paul Baay, discusses recent developments at the Cascadura field in Trinidad,

Touchstone Exploration reports encouraging well test results at Cascadura

11th November 2024

Touchstone Exploration Inc (LON:TXP) has announced the completion of Cascadura-2ST1 and Cascadura-3ST1 well testing. Highlights · Cascadura-2ST1 Well: during an extended 48-hour test, Cascadura-2ST1 produced an average rate of approximately 4,950 boe/d, consisting of 26.4 MMcf/d of natural gas

Touchstone Exploration begins production from Cascadura C well pad in Trinidad

6th November 2024

Touchstone Exploration Inc., a Canadian energy company, has started initial production from its Cascadura C well pad located onshore in Trinidad. The company has successfully set up a flowline to link the Cascadura C site to

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