Touchstone Exploration Inc. (LSE:TXP) has released its second-quarter 2025 results, spotlighting the acquisition of Shell Trinidad Central Block Limited — a move that has added substantial natural gas output and provided access to global LNG pricing. Despite this strategic gain, petroleum and natural gas sales fell 22% year-on-year, resulting in a net loss of $0.71 million.
The acquisition pushed net debt to $63.89 million, while the company secured $5.22 million via a private placement to support its development programme. Following the quarter’s close, Touchstone completed a $12.5 million convertible debenture offering to advance ongoing projects and reduce outstanding payables, underscoring its focus on strengthening cash flow and exercising capital discipline.
About Touchstone Exploration Inc.
Touchstone Exploration Inc. is an oil and gas company specialising in the exploration and production of petroleum and natural gas. Its strategy centres on developing core assets, enhancing value through selective acquisitions, and maintaining disciplined capital investment practices.
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