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Touchstone Exploration provides operational update


Published May 22, 2014
Touchstone Exploration Inc.-3

Touchstone Exploration Inc. provide an operational update following the closure of the previously announced combination of Petrobank Energy and Resources Ltd. and Touchstone Exploration Inc.

PRODUCTION

The Company's field estimated average oil production as of May 15, 2014 was 2,080 barrels per day (100% oil weighted). Production in Trinidad represented approximately 80% (1,660 barrels per day) while Canadian operations provided approximately 20% (420 barrels per day) of the Company's total oil production. In 2014 the Company is forecasting a $28 million capital expenditure program to achieve a Trinidad exit production rate between 2,300 and 2,400 barrels per day.

Tags: Touchstone Exploration Inc.




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