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Touchstone Exploration reports Q2 2025 results, acquiring Shell Trinidad block but facing a net loss.
Trinidad-based oil and gas company Touchstone Exploration reported Q2 2025 results, highlighting the acquisition of Shell Trinidad Central Block Limited, which added nearly 1,910 barrels of oil equivalent per day (boe/d) of natural gas production. Production averaged 4,399 boe/d, with 69% natural gas, down 22% in sales compared to Q2 2024. The company recorded a net loss of $0.71 million and raised $12.5 million through a convertible debenture offering for drilling and debt reduction.
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