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The MarketWatch News Department was not involved in the creation of this content. CALGARY, AB, Mar 5, 2021 (Canada NewsWire via COMTEX) — Touchstone Exploration Inc. ("Touchstone", "we", "our", "us" or the "Company") (TSX: TXP), (LSE: TXP) announces a summary of its 2020 year-end reserves and provides an operational update. Our independent reserves evaluation was prepared by GLJ Ltd. ("GLJ") with an effective date of December 31, 2020 (the "Reserves Report"). Highlights of our total proved ("1P"), total proved plus probable ("2P") and total proved plus probable plus possible ("3P") reserves from the Reserves Report are provided below. All finding and development ("F&D") costs below include changes in future development capital ("FDC"). Unless otherwise stated, all financial amounts referenced herein are stated in United States dollars. Financial information contained herein is based on the Company’s unaudited results for the year ended December 31, 2020 and is subject to change. Readers are further cautioned to read the applicable advisories contained herein. 2020 Year-end Reserves Report Highlights — Increased 3P net reserves by 236% to 100,150 Mboe, increased 2P net reserves by 194% to 64,947 Mboe and increased 1P net reserves by 189% to 34,238 Mboe from the prior year. — […]
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