Touchstone Exploration Inc · TSX:TXP
Touchstone Exploration — Investor Presentation (October 2025)
29 slides from Touchstone Exploration's investor presentation, October 2025
Slide 1: Corporate Presentation October 2025
OCTOBER 2025 TSX : TXP | AIM : TXP CORPORATE PRESENTATION October 2025 Our Growth Journey: Evolving to a fully-funded, full-cycle exploration and production company
Slide 2: Touchstone: Company at a Glance
Touchstone: Company at a Glance Capital Structure Common shares outstanding (MM) 261.1 TSX share price (C$)(1) 0.26 Market capitalization (MM C$)(1)(2) 67.89 Eight Months Ended August 31, 2025 Production Results Average daily production (boe/d)(3)(4) 4,579 Crude oil (bbls/d)(3) 1,136 NGLs (bbls/d)(3
Slide 3: The Trinidad opportunity: Driving onshore success in Trinidad
The Trinidad opportunity: Driving onshore success in Trinidad Well-established Advanced infrastructure Oil and gas industry operating since Over 2,000 km. of pipelines 1908 Supportive government Significant hydrocarbons Sector plays an important role in the Situated in the Venezuela basin, one count
Slide 4: Trinidad and Tobago: Oil and Gas Activity Map
Trinidad and Tobago: Oil and Gas Activity Map Corporate Presentation | October 2025 | 4
Slide 5: Touchstone: Second Quarter 2025 Highlights
Touchstone: Second Quarter 2025 Highlights Q2 2025 Q2 2024 Average daily production Average daily production (boe/d)(3)(4) 4,399 5,432 Natural gas (Mcf/d)(3) 18,282 25,063 Crude oil and liquids (bbls/d)(3) 1,352 1,259 Production mix (% of production) Crude oil and liquids(3) 31 23 Natural gas(3) 69
Slide 6: Production Overview
PRODUCTION OVERVIEW Tracking progress and production Corporate Presentation | October 2025 | 6
Slide 7: Net Production: Corporate Total
Net Production: Corporate Total 12,000 Month Daily Production (boe/d) June 2025 5,088 10,000 July 2025 5,300 August 2025 5,152 8,000 Net barrels of oil equivalent per day (boe/d) 6,000 4,000 2,000 - Jan-2023 Apr-2023 Jul-2023 Oct-2023 Jan-2024 Apr-2024 Jul-2024 Oct-2024 Jan-2025 Apr-2025 Jul-2025 Oi
Slide 8: Net Production: Oil Blocks
Net Production: Oil Blocks 2,000 Net barrels per day (bbls/d) 1,000 - Jan-2023 Apr-2023 Jul-2023 Oct-2023 Jan-2024 Apr-2024 Jul-2024 Oct-2024 Jan-2025 Apr-2025 Jul-2025 WD-4 Oil Battery Corporate Presentation | October 2025 | 8
Slide 9: Net Production: Coho
Net Production: Coho 1,500 1,000 Net barrels of oil equivalent per day (boe/d) 500 0 Coho Natural Gas Facility Oct-2022 Jan-2023 Apr-2023 Jul-2023 Oct-2023 Jan-2024 Apr-2024 Jul-2024 Oct-2024 Jan-2025 Apr-2025 Jul-2025 Corporate Presentation | October 2025 | 9
Slide 10: Net Production: Cascadura
Net Production: Cascadura 10,000 7,500 Net barrels of oil equivalent per day (boe/d) 5,000 2,500 - Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Cascadura A Natural Gas Facility Corporate Presentation | October 2025 | 10
Slide 11: Net Production: Central Block
Net Production: Central Block 3,000 Net barrels of oil equivalent per day (boe/d) 2,000 1,000 Acquired: May 15, 2025 0 Evergreen Natural Gas Facility May-2025 Jun-2025 Jul-2025 Aug-2025 Corporate Presentation | October 2025 | 11
Slide 12: CAS-A Facility: Booster Compression Project
CAS-A Facility: Booster Compression Project The Cascadura booster compression project will reduce facility pressures by 50% Cascadura A Facility - No Compression from current levels, boosting gas rates and stabilizing throughput higher NGC export (sales) pipeline pressure changes of 200 psi cause ~1
Slide 13: Asset Overview
ASSET OVERVIEW Corporate Presentation | October 2025 | 13
Slide 14: Facilities: We have the capacity
Facilities: We have the capacity Cascadura A Natural Gas Facility TOTAL OPERATED Commissioned September 2023 140 MMcf/d natural gas capacity 4,000 bbls NGL storage FACILITY CAPACITY 800 bbls water storage 72,119 boe/d PORT OF SPAIN Natural Gas 244 MMcf/d Coho Natural Gas Facility Liquids 31,450 bbls
Slide 15: Distribution and Marketing: We have the market
Distribution and Marketing: We have the market Key Marketing Agreements Ortoire Gas: Domestic Market Oil: HPCL Point Lisas • Petrochemical facilities CHARUMA • Potash Corp - Ammonia • Methanex – Methanol Central Block • Arcelor Mittal – Steel Gas: Atlantic LNG Train 2/3 Contract RIO CLARO Tr
Slide 16: Drill to Fill: We have the opportunities
Drill to Fill: We have the opportunities Focus: RIO CLARO • Balance Exploration & Development Development and exploration • Leverage Marketing Agreements • Oil and Gas prospectivity • Drill to Fill • Cascadura – Balata East trend CENTRAL BLOCK CHARUMA and CIPERO CHARUMA Near term development • First
Slide 17: Development Upside: Central Block
Development Upside: Central Block Central Block Central Block Top Herrera Pay Structure Map Seismic Sweetness Attribute Carapal Ridge Baraka Baraka East Corporate Presentation | October 2025 | 17
Slide 18: Development Drilling: Central Block - Carapal Ridge
Development Drilling: Central Block - Carapal Ridge 3 CR-3 CR-1 CR-2 CARAPAL RIDGE-1 Touchstone Trinidad Central Block Vintage Petroleum 2001 British Gas (BG) 2007 Carapal Ridge, Baraka, Baraka East proposed Test Intervals Test #8 (38 feet) Gas: 20.3 mmscf/d NGL: 445 bpd PRODUCING INTERVAL Choke: 48
Slide 19: Growth Opportunity: Exploration acreage
Growth Opportunity: Exploration acreage CIPERO CHARUMA RIO CLARO CHARUMA RIO CLARO CIPERO Exploration prospects in the Nariva sands target depths from 2,000 to 5,000 feet and in Step-out prospects in the Herrera sands updip of discoveries at Cascadura and Royston Cretaceous sands at ~7,000 feet Expl
Slide 20: Upside Opportunity: Cretaceous exploration
Upside Opportunity: 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 Corporate Presentation | October 2025 | 20
Slide 21: Social and Governance
Social and Governance The Touchstone Foundation Our vision is to enhance the quality of life in the communities in which we operate by nurturing pathways for individual and collective progress so that members of the community can be empowered to reach their full potential Social Governance 2 33% los
Slide 22: Corporate Information and Contacts
Corporate Information and Contacts Contacts Stock Exchange Listing TSX: TXP Paul R. Baay AIM: TXP President and Chief Executive Officer Office Locations pbaay@touchstoneexploration.com Year-end (403) 750-4488 Head Office December 31 Suite 4100, 350 7th Ave SW Banker Scott Budau Calgary, AB T2P 3N9 R
Slide 23: 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 24: End Notes
End Notes 1) Touchstone's September 26, 2025 closing common share price on the TSX. 2) Calculated as the product of the Company’s September 26, 2025 closing common share price on TSX and 261,097,246 common shares outstanding. 3) References to "crude oil" refer to "light and medium crude oil" and "he
Slide 25: 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 26: Advisories
Advisories Forward-looking Statements and FOFI (continued) • expected levels of royalty expense, operating expense, G&A expense, net finance expense, current income tax expense and other costs associated with the Company's business; • treatment under current and future governmental regulatory regime
Slide 27: Advisories
Advisories Forward-looking Statements and FOFI (continued) This presentation contains future-oriented financial information and financial outlook information (collectively, "FOFI") about Touchstone's prospective results of operations and production included in its updated 2025 guidance, all of which
Slide 28: Advisories
Advisories Oil and Gas Reserves All reserves references herein are Company gross reserves. Gross reserves are the Company's working interest share before deduction of royalties. Net reserves are the Company's working interest share after the deduction of royalty obligations. The December 31, 2024 re
Slide 29: Advisories
Advisories Drilling Locations This presentation discloses drilling locations. Drilling locations are classified into three categories: (i) proved locations; (ii) probable locations; and (iii) unbooked locations. Proved locations and probable locations are derived from the Company's reserves evaluati
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