Corporate Presentation MAY 2025 TSX : TXP AIM : TXP CORPORATE PRESENTATION Our Growth Journey: Evolving to a fully-funded, full-cycle exploration and production company
Touchstone at a Glance Largest independent onshore producer in Trinidad Market capitalization(1) C112.1 million Three months ended March 31, 2025 average daily production Crude oil and liquids (bbls/d) 1,201 Natural gas (Mcf/d)…
The Trinidad opportunity One of the Caribbean's most promising energy markets Well-established Advanced infrastructure Oil and gas industry operating since Over 2,000 km. of pipelines 1908 Supportive government Significant…
First Quarter 2025 Highlights Q1 2025 Q1 2024 Average daily production Crude oil and liquids (bbls/d)(3) 1,201 1,428 Natural gas (Mcf/d) (3) 18,698 33,521 Average daily production (boe/d) (3) 4,317 7,015 Average realized prices(3)…
Where We Have Been: Corporate net production Corporate Net Production 10,000 9,000 8,000 7,000 6,000 boe/d 5,000 4,000 3,000 2,000 1,000 - Sep-22 Nov-22 Jan-23 Mar-23 May-23 Jul-23 Sep-23 Nov-23 Jan-24…
Acreage: We have the land Charuma Touchstone Today Exploration 72,784 acres (58,227 net) 8 core properties TXP: 80% working interest Rio Claro 100% operated NGC: 20% working interest Exploration and Development Cretaceous…
Central Block: adjacent existing blocks Central Block Ortoire 100% operated 65% working interest 35% HPCL COHO-1 Central Block 6,699 gross acres (4,354 net) BRE-1 Liquids sales to HPCL Multiple gas sales options BR-1 Pipeline…
Central Block: adjacent existing facility Central Block Evergreen Gas Facility Evergreen Gas Plant Carapal Ridge-1 (CR-1) Carapal Ridge-2 (CR-2) CR-2 Baraka-1 (BR-1) Baraka East-1 (BRE-1) CR-1 CIPERO Cascadura ORTOIRE Coho…
Central Block: development outlook Phased Central Block development plan Initial 12 months Initial 18 months 18 months onwards PHASE 1 PHASE 2 PHASE 3 Process additional gas from Coho Drill additional wells; two Optimise four…
Distribution and Marketing: We have the market Trinidad and Tobago Point Lisas Petrochemical facilities 4 Bcf/d total Potash Corp and Yara - Ammonia Methanex Methanol potential demand Arcelor Mittal Steel 2.5 Bcf/d total supply…
Shell Acquisition: Expands our access to the market Marketing Agreements Ortoire Gas: Domestic Market Oil: HPCL Point Lisas Petrochemical facilities Potash Corp - Ammonia Rio Claro, Cipero, Charuma Methanex Methanol Gas:…
Facilities: We have the capacity Balata East Oil battery Sales point for Cascadura liquids 6 sales pipeline (18 km.) Two Operated Natural Gas Plants 600 bbls processing; 2,500 bbls sales Cascadura 140 MMcf/d natural gas capacity…
Three Pillars of Progress: Fill. Grow. Future. Drill to Fill Drill for Growth Drill for the Future We are filling capacity by Our legacy oil blocks With eyes on exploration, harnessing the potential continue to thrive, we are…
Drill for the Future: New Exploration Acreage CIPERO CHARUMA RIO CLARO CHARUMA RIO CLARO Balata East CIPERO Exploration prospects in the Nariva sands target depths from 2,000 to 5,000 feet and in Step-out prospects in…
Social and Governance We recognize that long-term success is rooted in a strong foundation of educationfrom primary through to tertiary levelsand in our commitment to making a positive, lasting impact on the communities where we…
Corporate Information and Contacts Contacts Stock Exchange Listing Office Locations TSX: TXP Paul R. Baay AIM: TXP President and Chief Executive Officer Head Office pbaaytouchstoneexploration.com Suite 4100, 350 7th Ave SW Year-end…
Abbreviations bbl(s) barrel(s) PDP proved developed producing reserves bbls/d barrels per day 1P proved reserves Mbbls thousand barrels 2P proved plus probable reserves MMbbls million barrels 3P proved plus probable plus possible…
End Notes 1. Based on 311,460,661 outstanding common shares multiplied by the closing share price on the TSX on May 16, 2025, being C0.36 per share. 2. Based on the December 31, 2024 GLJ Ltd. independent reserves evaluation. Gross…
Advisories This Presentation is for information purposes only and is not under any circumstances to be construed as a prospectus or an advertisement for a public offering of such securities. No securities commission or similar authority…
Advisories Forward-looking Statements (continued) With respect to forward-looking statements contained in this Presentation, the Company has made assumptions regarding: financial condition; outlook and results of operations; the…
Advisories Business Risks (continued) The Company is subject to industry conditions including changes in laws and regulations, including the adoption of new environmental laws and regulations and changes in how they are interpreted and…
Advisories Product Type Disclosures This Presentation includes references to crude oil, NGLs, natural gas, and average daily production volumes. Under NI 51-101, disclosure of production volumes should include segmentation by product…
Advisories Non-GAAP Financial Measures (continued) Market capitalization is a supplementary financial measure and is calculated as period end common share price multiplied by the number of common shares outstanding at the end of the…
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