03:15 PM EST - Touchstone Exploration Inc. : Announced an update regarding its credit facility. The Company was in breach of its credit facility January 2016 monthly production volume covenant. Effective March 8, the Company and its lender executed an Amendment and Limited Waiver to the Credit Agreement to waive the covenant breach. The Waiver also makes certain amendments to the credit facility, including a reduction of the Trinidad minimum production test (previously set at 1,600 barrels of oil per day) to 1,350 barrels of oil per day for the months of February and March and 1,400 barrels of oil per day thereafter. Touchstone's February 2016 Trinidad average production was 1,369 barrels of oil per day. Based on field estimates, Trinidad average production for the first week of March was 1,397 barrels of oil per day. Touchstone Exploration Inc.
shares T.TXP are trading unchanged at $0.18.
