IN BRIEF: Touchstone Exploration year-end reserves increase by 33%

Touchstone Exploration Inc - Calgary, Canada-based oil and gas company focused on Trinidad and Tobago - In 2022, increases proved developed producing gross reserves by 33% to 4,843 million barrels of oil equivalent. Total proved reserves fall by 0.7% to 38,463Mboe and total proved plus probable reserves fall by 0.6% to 75,074Mboe. Total proved plus probable plus possible also fall by 0.6%, dropping to 120,594Mboe. Says total proved developed producing reserve replaces 2022 annual production by more than quadruple.

Current stock price: 71.10 pence, up 2.3% on Monday afternoon in London

12-month change: down 18%

By Heather Rydings, Alliance News senior economics reporter

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Touchstone Exploration