09:56 AM EST - Touchstone Exploration Inc. : Announced its financial and operating results for the year ended December 31, 2018. The company recognized net earnings of $480,000 ($0.00 per share) compared to a net loss of $947,000 ($0.01 per share) reported in 2017. Exited the year with cash of $4,845,000 (which excluded 2018 crude oil sales of $6,014,000 collected subsequent to year-end) and net debt of $19,527,000, representing 1.8 times net debt to annual 2018 funds flow from operations. Subsequent to year-end, the company issued 31,666,667 common shares raising gross proceeds of $6,615,000 to primarily fund an exploration well on its Ortoire block, which is expected to spud in June 2019. Touchstone Exploration Inc.
shares T.TXP are trading unchanged at $0.21.
