TOUCHSTONE EXPLORATION INC (TXP) — Investor Presentation

Investor webinar replay

Replay transcript excerpt

Morning, and welcome to the TOUCHSTONE EXPLORATION INVESTOR PRESENTATION. Throughout this quarter presentation, investors will be in listen only mode. Before we begin, I'd like to submit the following poll. And I'd now like to hand you to Paul Bay, CEO. Good morning, Chisel. Thank you very much, and welcome to the call. As mentioned, I'm Paul Bay, CEO of TOUCHSTONE, and I'm here in Trinidad meeting with, various of our stakeholders. And I'm pleased to have the opportunity to talk to you following the recent announcement that the board of directors of both Touchstone and Trinity in that they've agreed to the terms of a recommended all share offer for the combination of both companies. This will see Touchstone acquire the entire issued and to be issued ordinary share capital of Trendy. Before I start, I'd just like to take a minute for everybody to take a a quick look at the couple of slides of disclaimers that we have. On slide four, we outlined some of the key details of the transaction. It's an all share offer that will leave TOUCHSTONE shareholders owning approximately 80% of the combined group. And as such, the TOUCHSTONE board management and listing will all be retained. Trinity shareholders will represent approximately 20% of the resulting combined group. We'll go into more details throughout the presentation, but we believe that this deal presents a compelling strategic opportunity, which will deliver three things, enhance scale, balance sheet strength and growth opportunities for both sets of shareholders. It also adds offshore assets to our portfolio, adding an exciting opportunity to add to our growth profile. The funds flow from operations, Trinity brings will allow us to invest in a broader portfolio of development opportunities across a much larger portfo...