Member Info for sirmark

Only 1 MM left on the 13.50 she's about to blow !!

Listen TxP just sorted its finance 5 mins ago its about to blow

Added another 89k @ 13.50p

US$12.5M CONVERTIBLE DEBENTURE ISSUANCE

Today 14:51

RNS Number : 2218V

Touchstone Exploration Inc.

13 August 2025

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (596/2014/EU) ("MAR") AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 AS AMENDED ("UK MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT, SUCH INFORMATION WILL NO LONGER CONSTITUTE INSIDE INFORMATION.

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A BREACH OF THE RELEVANT SECURITIES LAWS OF SUCH JURISDICTION.

THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT ITSELF CONSTITUTE AN OFFER TO SELL OR ISSUE, OR A SOLICITATION OF AN OFFER TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY SECURITIES IN THE COMPANY.

US$12.5M CONVERTIBLE DEBENTURE ISSUANCE

CALGARY, ALBERTA (August 13, 2025) - Touchstone Exploration Inc. (the "Company" or "Touchstone") announces that it has closed a private placement of a secured convertible debenture and warrants (the "Offering"), with Canadian private investor and existing shareholder, JJR Wood Holdings Inc. (the "Holder"), for gross proceeds of US$12,500,000. The Offering reflects the Company's ongoing commitment to advancing its strategic development initiatives.

Paul R. Baay, President and Chief Executive Officer, commented:

"This financing will provide the capital necessary to immediately restart drilling operations at Cascadura and subsequently bring new production online at the Cascadura facility. We are pleased to have secured continued support from both an existing shareholder and our Trinidad-based lender, reflecting confidence in our strategic direction and the quality of our asset base. This confidence is further demonstrated by the debenture's principal conversion price, set at the US dollar equivalent of C$0.30 per common share, representing a significant premium to the current share price."

Offering Terms

· Offering Size: US$12,500,000 through the issuance of a secured convertible debenture with an aggregate principal amount of US$12,500,000 (the "Debenture").

· Interest Payments (Coupon) and Securities Offered: The interest rate on the Debenture is 5 percent and the Company also issued 6,250,000 warrants (the "Warrants") to purchase common shares of the Company ("Common Shares") to the Holder as additional compensation.

· Maturity: 3-year term.

· Conversion Price: The Debenture is convertible into Common Shares at US$0.21813 (the "Conversion Price"), being the US$ equivalent of C$0.30 per Common Share based on the Bank of Canada exchange rate immediately prior to the issuance of the Debenture.

· Warrants: Each Warrant is exercisable at C$0.40 per Common Share for a period of

Worth noting Mangrove who for the best part of two years have ,maintained a strong short position on PANR and have always had an easy out as PANR always need to explore to prove and raise to drill... so dilution is part of the parcel however their recent reduction is different to all previous ones . I'll explain in all previous drills successful or failure the stock would inventible return to where it was or lower as we would still need to raise again so an oppertunity to get out for them. I think we are seeing them close now as they know that unlike before with successful well we would still be back to ok what now ! but this time "when" we are successful at Dubhe there is literally no going back ... it will run and run and as it in theory unlocks everything the future possible funding the high profile pipeline will be shouting Great Bear from the rooftops and every man and he's dog will want a piece. So I expect later today well get notified of a further reduction from Mangrove's short position (if that's the case then buy as much as you can..give them some pain !)

Look forward to coming TD RNS

GGG to suggest it will take 12 months to get 20p is insane ... the very slightest sniff that the clause is remove / extended will see the rerate... cas 4 drilled should get us past 20p and 4&% hooked up should push us well in to the 30's

75k buyer back :)

level 2 was 3 v 2 now improved to 4 v 1

Adrian Almanza, Senior Staff Geologist, gives us a walk through of drilling operations at Pantheon’s Dubhe-1 appraisal well, presently being drilled on Alaska’s North Slope, advantageously located immediately adjacent to pipeline and road infrastructure.

For viewers who don’t come from the industry it is an excellent instructional overview of just how drilling and mudlogging operations are undertaken. When drilling a well, data gathering is a critical component in maximising knowledge and understanding, all directed at the ultimate objective of a successful well.

A link to the video is below:

https://youtu.be/jJA5DMD97qs

Important background information to Dubhe-1

Dubhe-1 is targeting the topset horizon (SMD-B) as the primary target, appraising an already discovered resource.

An Independent Expert Report completed by Cawley Gillespie & Associates ("CGA") in June 2024 estimates the primary target to contain a 2C Contingent Resource of 282 million barrels of ANS Crude (oil, condensate & NGLs) and 804 billion cubic feet of natural gas. Based on an ANS Crude price at the time of the report of $80 per barrel delivered to the US West Coast, CGA estimated the net present value of the total contingent resources in the western topsets in the Ahpun field (using a real discount rate of 10%) at $1.74 billion.

As previously advised, Initial results from the well will be announced when drilling operations are complete. Max Easley, CEO of Pantheon Resources plc, said:

Max Easley, CEO, said:

"Assuming initial appraisal success at Dubhe-1, it will then allow us move forward into a test phase with the ultimate goal of accurately demonstrating a production type curve which would in turn underpin the planned Ahpun full field development, whilst at the same time supporting the natural gas volumes required for the proposed long term gas supply contract into the proposed Alaska natural gas pipeline (Alaska LNG - Phase 1).

"Dubhe-1 is an appraisal well, appraising an already discovered resource. Oil has been confirmed in multiple well penetrations of this horizon in the area, and as such has a significantly lower risk profile than the Megrez-1 well which was an exploration well. I look forward to reporting on progress once drilling is complete."

Https://youtu.be/jJA5DMD97qs

Not a short order, they buy orders iceberg on the order book.

about 1.2mln was purchased in 4 orders nice add and at a great price IMO.

15:50:30 24.072 350,000 84.25k O buy just gone through... been playing between with 330/350

330k iceberg buy order a few now today !

Please these and he's on the book reloaded for another

MLN buyer has improved he's price

13:56 1,000,000 10.3

Some large buy orders hitting the book

There was a decent one 1.30 ish that got filled just under 400k and now this one also on the book

13:48 330,000 24p

We must be just down to days away from TD and you would expect some would have seen those thick black shakers all oiled up as we've gone through the targets ....

Those are your thoughts, I have a different view and I am buying accordingly as I see this a turn around point within the business. If you was here 4-5 years ago warning people with some in-depth analysis then kudos but we know that's not the case... so to come to a blazing fire and saying I think you have a fire isn't exactly fire profit... more of an observer of the market and can't see the possibilities and what's been achieved over the past few years despite the sp decline. (infrastructure roads bridges etc, new leases, central block... and most importantly access to the LNG markets) the access to the LNG market is the game changer event that hasn't been priced in yet and as we get closer to the existing fixed priced contract ending new negotiations will start and those new numbers/forecasts will also change the game .... I'm a buyer at this level !

Very surprised to the see the weakness to be fair .. hoping a few of my other stocks perform so I can add here ...

Bore off mate ... were all adults here !!! I think everyone understands the short comings of the management and the decline in SP performance... It's not hard to look at the 5 year chart and see how well his done! (thank god you're here to point out the obvious) but what your missing is that bad new/performance is in the price ... investing is seeking undervalued stocks where their underlining business assets future prospects (for us LNG pricing increased production increase in owned assets (of course increased debt but an 80mln plant for 23mln pretty decent deal IMO) anyway you clearly don't think it will perform from here and I do ... let's see who has this right in the long run !!!! (and yes fully aware we may drift lower before I make decent returns...but that's investing not trading)

This clearly isn’t for you then Ross, why bother posting then ??? I don’t get it is it to save us all? I think we all know PB has well messed up as made soo many mistakes but I’m not here to judge him in here to make money and that’s it.

All it comes down to for me do I think I can make money buying at this level or not that’s it…. I think this represents great value not to say it won’t go lower as I have already bought much lower recently

Stating that a well declines..... well done I think we all know that as well as the company stating the decline curves in various RNS and webinars !

Yes these well decline pretty steeply in the first 6 months, that said they pay for themselves then too.... so everything there after is profit !! If you don't like that business model this isn't the stock for you !

How many did you get ?