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Touchstone Exploration Laying Low in 2015

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Touchstone Exploration Laying Low in 2015

Touchstone Exploration Inc. has announced its financial and operating results for the year ended December 31, 2014.

Tabular amounts herein are in thousands of Canadian dollars and amounts in text are rounded to thousands of Canadian dollars unless otherwise stated.

2015 Outlook strong>Touchstone's capital program for 2015 remains flexible since the Company has minimal commitments or financial obligations in Canada and Trinidad. The Company plans to conserve capital and apply a prudent approach to capital expenditures. The Company is targeting to spend operating cash flows in an effort to retain balance sheet strength by eliminating expenditures that have no immediate value at current prices. Building on general and administrative cost reductions achieved in the first quarter of 2015, the…
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