CALGARY, ALBERTA–(Marketwired – Feb. 10, 2014) – Touchstone Exploration Inc. (“Touchstone” or the “Company”) (TSX VENTURE:TAB) is pleased to announce that effective March 5, 2014 Mr. Michael Loewen has been appointed as the new Country Manager for Touchstone’s wholly owned Trinidad subsidiary company, Territorial Services Limited (“Territorial”). Mr. Loewen is a Petroleum Engineer with over 25 years of experience in the oil and gas industry and 9 years of experience internationally in Cuba, Argentina and Albania. Over the last 10 years Mr. Loewen has spent the majority of time working for Sherritt International and Petro Andina Resources in positions varying from Managing Director to Director, Operations. Mr. Loewen has outstanding management and leadership skills, which were an integral part in increasing gross production from approximately 2,000 barrels per day to 28,000 barrels per day on a previous international project.
In conjunction, Touchstone is pleased to announce that Territorial Service’s current Country Manager, Jim Krissa, has been appointed to Chairman of Territorial, Trinidad. Mr. Krissa has been with Territorial for over 10 years and had been a significant influence in stewarding the Company’s success. He has assisted Territorial in its growth from 130 barrels per day to an average of 1,750 barrels per day over the last 3 years. The Company now employs 130 people in Trinidad and owns 22 blocks, 11 of which are producing. The Company has also been successful in the 2013 onshore bid round for the Ortoire Block. Mr. Krissa will play an active role in Territorial within his new position and will be a valuable part of the continued growth of the Company.
Touchstone Exploration Inc. is engaged in the business of acquiring interests in petroleum and natural gas rights, and the exploration, development, production and sale of petroleum and natural gas internationally. The Company is currently active in onshore properties located in the Republic of Trinidad and Tobago. The Company’s common shares are traded on the TSX Venture Exchange under the symbol “TAB”. Please see the latest corporate presentation on the Company’s website at www.touchstoneexploration.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Mr. Paul R. Baay
Chairman & Chief Executive Officer
Mr. James Shipka
Vice President Geosciences and Business Development
Tel: (403) 992-8407