Touchstone Exploration Inc T.TXP

Alternate Symbol(s): PBEGF

Energy Oil & Gas E&P

Touchstone Exploration Inc. is a Canada-based company, which is engaged in the business of petroleum and natural gas exploration, development, acquisition and production. The Company is active in onshore properties located in the Republic of Trinidad and Tobago. It operates Trinidad-based upstream petroleum and natural gas activities under state exploration and production licenses with the Trinidad and Tobago Ministry of Energy and Energy Industries (MEEI), Lease Operatorship Agreements (LOAs) with Heritage Petroleum Company Limited and private subsurface and surface leases with individual landowners. It is focused on onshore oil and natural gas properties located in southern Trinidad. With interests in approximately 145,000 net working interest acres of core exploration and development rights. Its core focus is on exploration and development on the Ortoire block and development production on its five onshore lease operatorship properties (CO-1, WD-4, WD-8, Fyzabad, and Balata East).

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Touchstone Exploration Inc

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Post by Tadon Aug 28, 2024 1:33pm

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Post# 36199706

New Regulatory Filing by Touchstone

RULE 2.10(C) DISCLOSURE

TOUCHSTONE EXPLORATION INC

Released 14:29:28 28 August 2024

RNS Number : 0352C

Touchstone Exploration Inc.

28 August 2024

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

28 August 2024

ALL SHARE OFFER

for

Trinity Exploration & Production Plc ("Trinity")

by

Touchstone Exploration Inc. ("Touchstone")

Rule 2.10(c) disclosure

CALGARY, ALBERTA - In Touchstone's announcement on 5 August 2024, it noted that it had received a letter of intent from Mr. Andrew Byles in respect of an aggregate number of 1,000,000 Trinity Shares, representing approximately 2.58 per cent. of Trinity's issued share capital, confirming, inter alia, his support for the offer announced by Touchstone for Trinity (the "Touchstone Offer") on 1 May 2024 (the "Letter of Intent"). On 21 August 2024, Touchstone announced that Mr. Byles had sold 60,000 Trinity Shares. On 23 August 2024, Touchstone announced that Mr. Byles had sold a further 85,000 Trinity Shares.

Touchstone has been informed by Mr. Byles that he has sold a further 210,000 Trinity Shares. As a result, the total number of Trinity Shares which are subject to the Letter of Intent is now 645,000 Trinity Shares, representing 1.66 per cent. of the issued share capital of Trinity (excluding any Trinity Shares held in treasury) as at the close of business on 27 August 2024 (being the last practicable date prior to this announcement).

When taken together with the Irrevocable Undertakings provided by Trinity Shareholders, the total number of Trinity Shares subject to Irrevocable Undertakings and the Letter of Intent is 15,728,344 Trinity Shares, representing approximately 40.53 per cent. of the ordinary share capital of Trinity in issue on 27 August 2024 (being the latest practicable date prior to this announcement and excluding any Trinity Shares held in treasury).

Capitalised terms used but not defined in this announcement have the meanings given to them in the shareholder circular relating to the Touchstone Offer which was published by Trinity on 24 May 2024.

Source:

https://www.londonstockexchange.com/news-article/TXP/rule-2-10-c-disclosure/16638930