on Touchstone Exploration, Inc. (CVE:TXP)
Touchstone Exploration Reports Third Quarter 2025 Results
Touchstone Exploration Inc. announced its financial results for Q3 2025, highlighting an average production of 5,141 boe/d, up from 4,399 boe/d in Q2 2025. Despite increased production, petroleum and natural gas sales decreased by 4% to $12.70 million compared to the prior year's quarter.
The company registered a net loss of $2.06 million, a notable decline from the net earnings of $1.85 million in Q3 2024. Funds flow from operations fell sharply to $0.74 million, influenced by decreased operating netbacks and increased taxes.
Capital investments reached $9.60 million, focusing primarily on the Cascadura drilling operations. Additionally, Touchstone issued a three-year convertible debt to fund its activities.
The company secured a private placement of $9.1 million post-period, aiding financial positioning. Production estimates for October averaged 4,691 boe/d, indicating a slight decline due to maintenance activities.
R. E.
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