sur Touchstone Exploration, Inc. (CVE:TXP)
Touchstone Exploration Reports 2025 Financial and Operational Outcomes
Touchstone Exploration Inc., a Canada-based energy company, announced its 2025 financial and operational results. The company experienced a decrease in production and revenue due to lowered natural gas output and pricing. Notably, annual production averaged 4,686 boe/d, an 18% decline from the previous year, while revenue fell 20% to $45.82 million.
Despite the revenue dip, Touchstone achieved a net income of $10.89 million, credited to deferred tax recovery and gains from asset disposals. The firm also strategically acquired Shell Trinidad Central Block Limited, enhancing their natural gas output.
Capital investments focused on drilling activities, with $28.38 million allocated, marking a shift from infrastructure development. The financial position improved with net debt reduced to $72.89 million, supported by private placements totaling $13.6 million.
R. H.
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