Touchstone Exploration Reports Q2 2025 Financial Results

Touchstone Exploration Inc. has announced its financial and operational results for Q2 2025. The acquisition of Shell Trinidad Central Block Limited boosted production by 1,910 boe/d, mainly from natural gas. Average production reached 4,399 boe/d, a slight increase from Q1 but down from the previous year's quarter.

The company reported total petroleum and natural gas sales of $11.01 million, a 22% decline from the same period in 2024. Crude oil sales were $6.08 million, while natural gas and NGL sales contributed $4.25 million and $0.68 million respectively.

Touchstone recorded a $0.71 million net loss compared to a $3.34 million profit in Q2 2024, driven by reduced funds flow and absence of gains on asset disposition. Capital investments focused on the Cascadura-5 well, totaling $4.66 million.

Subsequent to the quarter, a $12.5 million convertible debenture offering was completed to support development and manage debts, aligning with lender requirements.