Touchstone Exploration Inc. announced its 2025 year-end reserves on February 25, reporting a 2% increase in the after-tax net present value of its total proved plus probable (2P) reserves to US$315 million.
The Calgary, Alberta-based company said GLJ Ltd. prepared the independent reserves evaluation with an effective date of December 31, 2025.
This independent evaluation underscores the substantial value of our Trinidadian portfolio, President and Chief Executive Officer Paul Baay said. “The NPV10 (Net Present Value) of future net revenues for our 2P reserves was estimated at approximately $653 million before tax and approximately $315 million after tax, which represented a 2 percent increase over 2024 despite our 2025 production,” he added.
Baay said the year-end reserves report highlights the strategic integration of the Central block into the company’s producing reserve base, “establishing a new pillar for LNG-linked growth alongside our stable oil production and Ortoire natural gas assets”.
He added that this year’s report also reflects the expansion of the company’s gas marketing portfolio, underpinned by fixed-price sales at Ortoire and high-value Liquefied Natural Gas (LNG) contracts tied to Central block production.
Touchstone also reported operational developments in Trinidad and Tobago during 2025. It closed and integrated the acquisition of a 65% working interest in the Central block, adding LNG production and reserves. Operational enhancements at the Central block natural gas processing plant increased production by approximately 20% over acquired levels.
At Cascadura-4, the well reportedly encountered hydrocarbon-bearing zones. The drill string became irretrievably stuck during operations. The company determined that safe and reliable production from the current wellbore is unlikely.
At Cascadura-5, the first Block B well to produce both natural gas and medium-gravity crude oil was drilled and brought onstream. In December 2025, the well delivered an estimated gross average sales volume of approximately 1.9 million cubic feet per day (MMcf/d) of natural gas and 46 barrels per day (b/d) of medium crude oil, or approximately 362 barrels of oil equivalent per day (boe/d).
Cascadura-5 is the second well drilled into the B block of the Cascadura structure and encountered reservoir intervals approximately 300 feet updip from the Cascadura-2 well, drilled in early 2024.
Touchstone holds an 80% operating interest in the well, with Heritage Petroleum Company Limited holding the remaining 20%.
Paul Baay noted that, “The addition of medium-gravity oil reserves from Cascadura-5 reinforces the potential of our emerging Herrera play. Through low-cost recompletion opportunities, we are well-positioned to efficiently enhance our production base by tapping lower-zone oil within our Block B assets.
