Canada’s Touchstone Exploration, which operates on land in South Trinidad, said it achieved “significant progress” in 2020 and 2021.
Chief executive officer and shareholder Paul Baay, in an interview with Express Business in February, the company’s stock price on the Toronto Stock Exchange last year February was US$0.35 and earlier this year the stock sat at around US$2.50.
That increased the overall value of the company from US$30 million to about US$500 million. He attributed the increase in the company’s value to the discoveries in Trinidad.
Touchstone Exploration Inc (LON:TXP) is a Canadian-based, international upstream oil and gas company currently active in the Republic of Trinidad and Tobago.