Company Overview

Touchstone Exploration Inc. is a Canada-based upstream oil and natural gas company focused primarily on onshore energy exploration, development, and production in Trinidad and Tobago. The company operates in the conventional oil and natural gas sector, with revenue generated mainly from crude oil production and increasingly from natural gas development associated with its Ortoire exploration and production assets. Its shares trade publicly on the Toronto Stock Exchange and the AIM market of the London Stock Exchange, while the U.S. over-the-counter listing trades under the ticker PBEGF.

The company’s core business lines include crude oil production from mature fields and natural gas exploration and development from higher-impact exploration acreage. Touchstone’s strategic positioning is tied to its significant land holdings in Trinidad, long-standing operational presence in the country, and exposure to domestic natural gas demand. The company evolved from a smaller Trinidad-focused producer into a growth-oriented exploration and production company through acreage acquisitions, exploration drilling, and the development of the Ortoire block, which materially increased its natural gas resource potential.

Business Operations

Touchstone conducts operations through upstream exploration and production activities concentrated in Trinidad. Its principal operating areas include the Ortoire exploration block, the Cascadura field, the Coho gas field, and a portfolio of mature oil-producing properties. Revenue generation historically depended on oil production, but natural gas sales have become increasingly important following development activities tied to the Cascadura and Coho discoveries. The company sells hydrocarbons primarily into the domestic Trinidadian market through arrangements linked to local energy infrastructure and processing systems.

The company controls a portfolio of exploration and production licenses, drilling infrastructure, and associated oil and gas assets within Trinidad. Key operational subsidiaries include Touchstone Exploration (Trinidad) Ltd. and related local operating entities. Touchstone has also worked with state-linked energy participants and infrastructure providers in Trinidad for gas transportation and processing arrangements. Public filings and operational updates indicate that the company’s strategy relies on balancing stable production from mature assets with higher-growth exploration and gas development opportunities.

Strategic Position & Investments

Touchstone’s strategic direction centers on expanding natural gas production, developing discovered resources, and pursuing additional exploration opportunities within Trinidad. Major investment activity in recent years has focused on the development of the Cascadura and Coho gas projects, which are viewed as transformational assets for the company due to their scale relative to legacy oil operations. Capital expenditures have primarily supported drilling programs, production facilities, and infrastructure required to commercialize natural gas discoveries.

The company has also invested in exploration activities across the Ortoire block, which management has described in public filings and investor presentations as a core long-term growth asset. Touchstone’s positioning benefits from Trinidad’s established energy infrastructure and domestic demand for natural gas. While the company remains comparatively small relative to global exploration and production firms, its concentration in a hydrocarbon-producing jurisdiction with existing export and industrial infrastructure provides operational advantages. Data regarding future reserve expansion beyond disclosed development plans is inconclusive based on available public sources.

Geographic Footprint

Touchstone’s operations are concentrated almost entirely within Trinidad and Tobago, where it maintains producing oil fields, exploration acreage, and natural gas development projects. The company is headquartered in Calgary, Alberta, Canada, while operational management and field activities are conducted through its Trinidad-based subsidiaries and facilities. Its primary producing and exploration assets are located onshore in southern and eastern Trinidad.

Although operationally focused in the Caribbean region, the company maintains international capital market exposure through listings in Canada, the United Kingdom, and U.S. over-the-counter markets. Its market presence is therefore international from a financing and investor-relations perspective, despite having a geographically concentrated operating base. The company’s activities are tied closely to Trinidad’s domestic energy market and regulatory framework.

Leadership & Governance

Touchstone’s leadership team combines Canadian public company management experience with operational expertise in Trinidad’s upstream energy sector. The company’s governance structure follows Canadian public company standards, with oversight provided through a board of directors and executive leadership team. Management strategy has emphasized disciplined capital allocation, organic reserve growth, and the transition toward increased natural gas production.

Key executives include:

• Paul R. Baay – President and Chief Executive Officer
• Beverley McBean – Chief Financial Officer
• James Shipka – Chief Operating Officer
• Kenneth Julien – Chairman of the Board
• Alexis Kopelow – Vice President, Finance and Corporate Secretary

Public disclosures and investor communications indicate that management’s strategic vision is focused on developing the company into a larger Trinidad-based natural gas producer while maintaining production from existing oil assets and pursuing selective exploration opportunities.