Touchstone Exploration Inc. Announces Rio Claro Licence Execution
November 5, 2024
CALGARY, AB / ACCESSWIRE
Touchstone Exploration Inc. (“Touchstone”, “we”, “our” or the “Company”) (TSX:TXP)(LSE:TXP) announces that Primera Oil and Gas Limited (“POGL”), our wholly owned Trinidadian subsidiary, executed an Exploration and Production (Public Petroleum Rights) licence for the Rio Claro block (the “Rio Claro Licence”) on November 4, 2024. The Rio Claro Licence has been formally entered into by POGL, the Government of Trinidad and Tobago, the Trinidad and Tobago Ministry of Energy and Energy Industries (“MEEI”), and a subsidiary of the National Gas Company of Trinidad and Tobago (“NGC”).
This exciting development marks a significant milestone for Touchstone Exploration Inc. as we continue to expand our operations globally. The Rio Claro block offers promising opportunities for exploration and production, and we are excited to work closely with the Government of Trinidad and Tobago and our partners to maximize the potential of this resource-rich area.
With the execution of the Rio Claro Licence, Touchstone Exploration Inc. is well-positioned to enhance its presence in the region and drive sustainable growth for our shareholders. We are committed to responsible resource development and look forward to contributing to the economic prosperity of Trinidad and Tobago through our operations in the Rio Claro block.
How This Will Affect Me
As a shareholder of Touchstone Exploration Inc., the execution of the Rio Claro Licence presents a valuable opportunity for potential growth and increased returns on investment. By expanding our operations in Trinidad and Tobago, the Company is poised to unlock new revenue streams and create long-term value for stakeholders.
How This Will Affect the World
The execution of the Rio Claro Licence reflects the growing global demand for energy resources and the importance of strategic partnerships in the oil and gas industry. Touchstone Exploration Inc.’s commitment to sustainable development and collaboration with local governments and communities sets a positive example for responsible resource management and environmental stewardship.
Conclusion
In conclusion, the execution of the Rio Claro Licence is a significant achievement for Touchstone Exploration Inc. and underscores our commitment to expanding our operations in Trinidad and Tobago. We look forward to leveraging this opportunity to drive growth, create value for shareholders, and contribute to the economic development of the region.
