Reserves
Touchstone Reports 2015 Canadian, Trinidad Reserves
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Touchstone Exploration Inc. announces the results of the independent December 31, 2015 reserve evaluation with respect to the Company's crude oil and natural gas reserves in Canada and the Republic of Trinidad and Tobago.
Amounts herein are in Canadian dollars unless otherwise stated.
Touchstone's year-end reserves were evaluated by independent reserves evaluator GLJ Petroleum Consultants Ltd.
2015 Reserve Report Highlights Total consolidated (Trinidad and Canada) proved plus probable reserves of 15,465 Mboe (gross) and 11,111 Mboe net after royalties (100% oil). Total proved reserves were 8,815 Mboe (gross) and 6,141 Mboe net after royalties (100% oil). Total consolidated proved plus probable net present value of future net revenues before tax (10 percent discount rate) of $304.7…- ✓ Full news archive — U.S., Canada & international coverage
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