Touchstone Exploration Inc · TSX:TXP
Touchstone Exploration — Emerging Growth Conference February 2025
30 slides from Touchstone Exploration's conference presentation, February 2025
Slide 1: 2025: New Catalysts for Continued Growth
Emerging Growth Conference FEBRUARY 2025 TSX : TXP | AIM : TXP 2025: NEW CATALYSTS FOR CONTINUED GROWTH Paul Baay, President & CEO Our Growth Journey: Evolving to a fully-funded, full-cycle exploration and production company
Slide 2: Touchstone at a Glance
Touchstone at a Glance Largest independent onshore producer in Trinidad Market capitalization(1) C$108.8 million Nine months ended September 30, 2024 average daily production Crude oil and liquids (bbls/d) 1,325 Natural gas (Mcf/d) 27,349 Average daily production (boe/d) 5,883 2023 Gross 2P reserves
Slide 3: Where We Have Been
WHERE WE HAVE BEEN We have been putting the pieces together Corporate Presentation | February 2025 | 3
Slide 4: Where We Have Been: Land and capital expenditures
Where We Have Been: Land and capital expenditures TXP Working Interest Land Holdings Net Capital Expenditures(1) and Net Wells Drilled 150 30,000 125 25,000 100 20,000 Acres (000's) 75 137 $000's 15,000 3.8 wells 50 3.6 10,000 1.6 0.8 wells 11 wells wells 51 51 51 wells 25 37 34 1.6 36 31 0 5,000 we
Slide 5: Where We Have Been: Funds flow from operations and net earnings per share
Where We Have Been: Funds flow from operations and net earnings per share Funds Flow from Operations Net Earnings (Loss)(1) 14,000 10,000 $0.04 per 12,000 6,000 share $0.03 per $0.00 share 2,000 per 10,000 share ($0.01) (2,000) per ($0.04) share 8,000 per share $000's $000's (6,000) 6,000 ($0.06) pe
Slide 6: Where We Have Been: Trailing twelve-month funds flow from operations
Where We Have Been: Trailing twelve-month funds flow from operations Trailing Twelve-Month Funds Flow from Operations as at September 30, 2024(1) 70,000 64,686 60,000 50,000 (14,995) 40,000 39,729 (9,962) $000's 30,000 (10,130) (2,645) 23,623 (1,942) (99) (1,290) 20,000 10,000 - Petroleum Royalties
Slide 7: Where We Are Now
WHERE WE ARE NOW We have been evolving and growing Corporate Presentation February 2025 | 7
Slide 8: Where We Have Been: Corporate net production
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 - Aug-22 Oct-22 Dec-22 Feb-23 Apr-23 Jun-23 Aug-23 Oct-23 Dec-23 Feb-24 Apr-24 Jun-24 Aug-24 Oct-24 Crude Oil (bbls/d) Coho (boe/d) Cascadura Pad A (boe/d) Cascadu
Slide 9: Production History: Herrera (Coho)
Production History: Herrera (Coho) Coho-1 Gross Sales Volumes 2,000 3,000 2,500 Cumulative production 1,500 3.4 Bcf natural gas Surface Tubing Pressure (psig) 2,000 Production (boe/d) 1,000 1,500 1,000 500 500 0 0 Oct-22 Dec-22 Feb-23 Apr-23 Jun-23 Aug-23 Oct-23 Dec-23 Feb-24 Apr-24 Jun-24 Aug-24 Oc
Slide 10: Production History: Herrera (Cascadura facility)
Production History: Herrera (Cascadura facility) Cascadura Facility Gross Sales Volumes 12,000 900 800 10,000 700 Export Line Pressure (psig) 8,000 600 Production (boe/d) 500 6,000 400 4,000 300 Cumulative production 200 2,000 14.3 Bcf natural gas Downtime in October 138.9 Mbbl condensate 2024 relat
Slide 11: Where We Are Going
WHERE WE ARE GOING We are ready Corporate Presentation | February 2025 | 11
Slide 12: Acreage: We have the land
Acreage: We have the land Charuma Touchstone Today Exploration 72,784 acres (58,227 net) 8 core properties TXP: 80% working interest NGC: 20% working interest Rio Claro Exploration and Development Cretaceous prospectivity 100% operated 31,983 acres (25,586 net) TXP: 80% working interest NGC: 20%
Slide 13: 2025 Acquisition: Central Block (Shell)
2025 ACQUISITION: Central Block (Shell) Central Block Ortoire • 100% Operated • 65% Working Interest 35% Heritage Petroleum (HPCL) COHO-1 Central Block • 6,699 acres (4,354 net) BRE-1 • Liquids sales to HPCL • Multiple Gas Sales Options BR-1 • Pipeline to LNG Markets CR-2 • Pipeline to Domestic Mark
Slide 14: 2025 Acquisition: Central Block (Shell)
2025 ACQUISITION: Central Block (Shell) 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 BRE-1 Evergreen Gas Facility BR-1 • Built by BG and Commissioned in 200
Slide 15: Distribution and Marketing: We have the market
Distribution and Marketing: We have the market Point Lisas • Petrochemical facilities • Potash Corp and Yara - Ammonia • Methanex – Methanol Trinidad and Tobago • Arcelor Mittal – Steel 4 Bcf/d total potential demand Pointe-A-Pierre – HPCL • Oil storage facility • Liquids distribution port Cascadu
Slide 16: Shell Acquisition: Expands our access to the market
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: Uncontracted • Arcelor Mittal – Steel Oil: Uncontracted (HPCL) Poin
Slide 17: Facilities: We have the capacity
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 Cascadura A Natural Gas Facility 4,000 bbls liquids storage Commiss
Slide 18: Fill. Grow. Future.
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 breaking new of Coho and Cascadura, growing production ground in Ortoire,
Slide 19: 2024: Investing in resource-rich assets
2024: Investing in resource-rich assets Disciplined investment framework to establish a future with sustainable free cash flow Herrera Cretaceous Nariva Charuma Existing production Rio Claro Cipero Balata East Ortoire WD-8 WD-4 CO-1 Corporate Presentation | February 2025 | 19
Slide 20: Drill for the Future: New Exploration Acreage
Drill for the Future: New Exploration Acreage CIPERO CHARUMA RIO CLARO CHARUMA RIO CLARO Balata East CIPERO Exploration prospects in the Nariva sands ORTOIRE target depths from 2,000 to 5,000 feet and in Step-out prospects in the Herrera sands updip of Cretaceous sands at c. 7,000 feet discoveries a
Slide 21: Drill for the Future: Cretaceous exploration
Drill for the Future: Cretaceous exploration Touchstone has identified multiple Cretaceous anomalies on our exploration blocks which have the potential to unlock a new onshore play type with ties to offshore discoveries near Guyana Cocos CHARUMA COCOS c. 7,000 feet RIO CLARO CHARUMA CIPERO ST. CROIX
Slide 22: Social and Governance
Social and Governance Improving our long-term success by considering our impact on the communities we operate in Social Governance 2 33% lost time incidents female representation in over 3 years on the Board 83% 89% local independent workforce board members $15.2MM 100% of local procurement employee
Slide 23: Investment Case: Why Touchstone Exploration Inc.
Investment Case: Why Touchstone Exploration Inc. 48,783 boe/d processing capacity 2P gross reserves 67.4 MMboe(2) 229 identified drilling locations across several large Trusted partner with government and industry high-quality reservoirs(1) Fixed-price gas contract providing stability and Robust dom
Slide 24: Corporate Information and Contacts
Corporate Information and Contacts Contacts Stock Exchange Listing Office Locations TSX: TXP Paul R. Baay AIM: TXP President and Chief Executive Officer Head Office pbaay@touchstoneexploration.com Suite 4100, 350 7th Ave SW Year-end Calgary, AB T2P 3N9 (403) 750-4488 December 31 Office: (403) 750-44
Slide 25: Abbreviations
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 reserves Mcf thousand cubic feet AIM AIM market of the London Stock Ex
Slide 26: Advisories
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 in Canada or elsewhere including the TSX has in any way passed
Slide 27: Advisories: Forward-looking Statements
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; exploration, development and associated operational plans (including drilli
Slide 28: Advisories: Business Risks
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 enforced. There are uncertainties in estimating the Company's re
Slide 29: Advisories: Oil and Gas Reserves
Advisories Oil and Gas Reserves (continued) The reserves information for the Company's December 31, 2020 independent reserve report have been prepared by Touchstone's independent reserves evaluator, GLJ, dated March 4, 2021. The report was prepared in accordance with definitions, standards and proce
Slide 30: Advisories: Drilling Locations
Advisories Drilling Locations (continued) The locations on which the Company will drill wells will ultimately depend upon the availability of capital, regulatory approvals, petroleum and natural gas prices, costs, actual drilling results, additional reservoir information that can be obtained and oth
Touchstone Exploration — Emerging Growth Conference February 2025 on 6ix