03:45 PM EST - Touchstone Exploration Inc. : announced the results of the independent December 31, 2014 reserve evaluation with respect to the Company's crude oil and natural gas reserves in Canada and the Republic of Trinidad and Tobago. Total proved plus probable reserves of 17,831 Mboe (gross) and 13,267 Mboe net after royalties (99.5% oil). Total proved reserves were 10,497 Mboe (gross) and 7,671 Mboe net after royalties (99.6% oil). Total proved plus probable net present value before tax (10% discount rate) of $395 million ($208 million on a total proved basis). Total proved plus probable net present value after tax (8% discount rate) of $191 million ($103 million for the total proved case). Touchstone Exploration Inc.
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