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CALGARY, AB, March 5, 2021 /CNW/ - Touchstone Exploration Inc. ( Touchstone , we , our , us or the Company ) (TSX: TXP), (LSE: TXP) announces a summary of its 2020 year-end reserves and provides an operational update.
Our independent reserves evaluation was prepared by GLJ Ltd. ( GLJ ) with an effective date of December 31, 2020 (the Reserves Report ). Highlights of our total proved ( 1P ), total proved plus probable ( 2P ) and total proved plus probable plus possible ( 3P ) reserves from the Reserves Report are provided below. All finding and development ( F&D ) costs below include changes in future development capital ( FDC ). Unless otherwise stated, all financial amounts referenced herein are stated in United States dollars. Financial information contained herein is based on the Company s unaudited results for the year ended December 31, 2020 and is subject to change. Readers are further cautioned to read the applicable advisorie
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