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Touchstone Exploration ( (TSE:TXP) ) has provided an update.
Touchstone reported first-quarter 2026 average production of 4,657 boe/d, up 8% year-on-year as Central field output offset declines in legacy assets, while higher crude and gas prices lifted sales to $12.5 million and expanded operating netbacks to $13.73 per boe. Despite stronger cash generation and targeted capital spending on Cascadura compression and new WD-8 oil wells, the company posted a $2.4 million net loss, carried net debt of $76.1 million, and disclosed going-concern uncertainties as it pursues debt restructuring, tax recoveries and potential equity moves to secure liquidity for its development program.
More about Touchstone Exploration
Touchstone Exploration Inc. is a Calgary-based oil and gas producer focused on crude oil, natural gas and NGL development in Trinidad and Tobago. The company’s portfolio combines legacy oil assets with newer natural gas projects such as its Central field and Cascadura facility, positioning it as a small but growing Caribbean upstream player.
See more data about TXP stock on TipRanks’ Stock Analysis page.