Touchstone Exploration Completes Acquisition of Shell Trinidad Central Block

Touchstone Exploration Inc. has finalized the acquisition of Shell Trinidad Central Block Limited (STCBL) for approximately $28.4 million. The deal, closed on May 15, 2025, grants Touchstone a 65% participating interest in the Central block licence in Trinidad, which includes four natural gas wells and a gas processing facility. The remaining 35% is owned by Heritage Petroleum Company Limited.

The acquisition marks a strategic expansion for Touchstone, enhancing its onshore presence in Trinidad and allowing access to the liquefied natural gas market. The Central block licence spans 6,699 acres, of which Touchstone holds 4,354 net acres. Updated corporate guidance will be released as Touchstone integrates these new assets.

Paul Baay, CEO, views this acquisition as a significant milestone, strengthening the company's production base and operational capacity in Trinidad, promising long-term value for shareholders.