Touchstone Exploration Announces AGM and Company Update
12 Juin 2018 - 8:00AM
Touchstone Exploration Inc. ("Touchstone" or the "Company")
(TSX:TXP) (LSE:TXP) announces that its Annual General Meeting
(“AGM”) of shareholders, which will be held on Wednesday, June 13,
2018 at 10:00 a.m. (Atlantic Standard Time) at the Hyatt Regency
Trinidad, will be streamed live for the benefit of all
shareholders.
Immediately following the business of the AGM,
Touchstone Management will deliver a corporate presentation to
shareholders. The Company invites shareholders to submit questions
in advance of the AGM to the email
info@touchstoneexploration.com.
To access the live stream, please use the
following link: https://www.youtube.com/watch?v=FUVpdy_6GsY
Current Production
The Company delivered May 2018 average
production of 1,728 barrels per day (“bbls/d”) and the current
field estimated production is approximately 1,821 bbls/d (seven-day
average ending June 6, 2018). Additional volumes have been
realized from three of the five wells drilled in 2018 with the
final two wells expected to come on stream in the next 30
days.
Paul Baay, President and Chief Executive
Officer of Touchstone, commented:
“The drilling campaign continues to provide
significant organic growth for the Company. With current
field estimated production of 1,821 bbls/d Touchstone has grown
production by 42% compared to the first quarter of 2017. With
two wells coming on production in the next month and five more
wells planned for 2018 the Company is well positioned to exceed our
2,000 bbls/day goal for this year.”
About Touchstone
Touchstone Exploration Inc. is a Calgary based
company engaged in the business of acquiring interests in petroleum
and natural gas rights, and the exploration, development,
production and sale of petroleum and natural gas. Touchstone is
currently active in onshore properties located in the Republic of
Trinidad and Tobago. The Company's common shares are traded on the
Toronto Stock Exchange and the AIM market of the London Stock
Exchange under the symbol "TXP".
Forward-Looking Statements
Certain information provided in this news
release may constitute forward-looking statements within the
meaning of applicable securities laws. Forward-looking information
in this news release may include, but is not limited to, statements
relating to current field estimated production, the potential
undertaking, timing, locations and costs of future well drilling
and completion activities, and sufficiency of resources to fund
future drilling operations. Although the Company believes that the
expectations and assumptions on which the forward-looking
statements are based are reasonable, undue reliance should not be
placed on the forward-looking statements because the Company can
give no assurance that they will prove to be correct. Since
forward-looking statements address future events and conditions, by
their very nature they involve inherent risks and uncertainties.
Actual results could differ materially from those currently
anticipated due to a number of factors and risks. Certain of these
risks are set out in more detail in the Company’s December 31, 2017
Annual Information Form dated March 26, 2018 which has been filed
on SEDAR and can be accessed at www.sedar.com. The forward-looking
statements contained in this news release are made as of the date
hereof, and except as may be required by applicable securities
laws, the Company assumes no obligation to update publicly or
revise any forward-looking statements made herein or otherwise,
whether as a result of new information, future events or
otherwise.
Contact
Mr. Paul Baay, President and Chief Executive
Officer; Mr. Scott Budau, Chief Financial Officer; orMr. James
Shipka, Chief Operating Officer Telephone:
403.750.4487www.touchstoneexploration.com
Touchstone Exploration (TSX:TXP)
Graphique Historique de l'Action
De Nov 2024 à Déc 2024
Touchstone Exploration (TSX:TXP)
Graphique Historique de l'Action
De Déc 2023 à Déc 2024