Touchstone Exploration Inc. (LSE:TXP) reported weaker financial results for the third quarter of 2025, recording a net loss of $2.06 million versus a profit in the same period last year. Quarterly production averaged 5,141 boe/d, supported by a meaningful uplift in natural gas volumes. Although revenue from petroleum and natural gas declined, the company continues to advance its Cascadura development programme and recently secured convertible debt financing to help fund ongoing project work. Management is also progressing asset dispositions and drilling initiatives aimed at improving production efficiency while working with the National Gas Company of Trinidad and Tobago to address current pricing constraints.
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Touchstone Exploration Inc. is an oil and gas exploration and production company with core operations in Trinidad and Tobago. The business is focused on developing its natural gas portfolio and enhancing long-term output through targeted investment in strategic assets.
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