Touchstone Exploration Inc.

09:40 AM EST - Touchstone Exploration Inc. : Announces a summary of its 2020 year-end reserves and provides an operational update. Increased 3P net reserves by 236% to 100,150 Mboe, increased 2P net reserves by 194% to 64,947 Mboe and increased 1P net reserves by 189% to 34,238 Mboe from the prior year.In comparison to 2019, 10% discounted net present value of future net revenues ("NPV10") on a before tax 3P basis increased by 90% to $1,002.8 million and after tax 3P NPV10 increased by 108% to $419.4 million. Achieved a before tax 2P NPV10 of $683.1 million , representing an increase of 72% from $397.9 million reported in 2019 and realized an annual after tax 2P NPV10 increase of 88% to $289.2 million. Touchstone Exploration Inc.


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