Shore Capital is delighted to have acted as Nominated Adviser and UK Joint Bookrunner for Touchstone Exploration (AIM:TXP) on an oversubscribed Placing of US$13m.

Touchstone Exploration Inc. is a Calgary, Alberta based company engaged in the business of acquiring interests in petroleum and natural gas rights and the exploration, development, production and sale of petroleum and natural gas. Touchstone is currently active in onshore properties located in the Republic of Trinidad and Tobago.

The fundraising allows the Company to accelerate prospective exploration, development and production opportunities at its Ortoire block. The funds raised will also be used for working capital purposes as it continues constructing its Cascadura production facility.

For further information please contact:  

Shore Capital +44 (0) 20 7408 4090

Corporate Advisory: Daniel Bush / Toby Gibbs / Iain Sexton

For Shore Capital media enquiries, please contact: 

Will Poulton: +44 (0)74 8038 3738