Touchstone is a Canadian, privately held company whose focus is to explore and produce oil and gas in sub-Saharan Africa. Within this region our company is pursuing concessions in underexplored but already producing basins. Sub Saharan Africa is rich in prolific source rocks, vast reserves of oil and gas and excellent reservoirs. We have selected countries with solid petroleum regulatory and fiscal environments, accessibility and good political stability where we have previous operating experience to provide an excellent growth platform for our shareholders. Currently we are focused in Gabon and Mozambique and pursuing opportunities other African countries.
Touchstone Oil & Gas Ltd. currently holds a letter of intent for a oil concession in Gabon and a memorandum of understanding for an exploration concession in Mozambique.
Our managed risk strategy:
Technical Drivers for Success:
Focus on proven onshore hydrocarbon provinces.
Large concessions and basin-wide complementary acreage.
Play diversity and prospective trends.
Rich Cretaceous source rocks/shale reservoirs.
Thick sequence with known reservoirs.
Salt basin traps.
Tertiary and Cretaceous structural/stratigraphic traps.
Low exploration well density.
Significant upside potential to be realized.
Positioning for current and future offshore rounds.
Commercial Drivers for Success
Solid countries with 1st rate hydrocarbon frameworks.
Growing external and internal markets.
Product mix – good quality oil and gas.
Strong product pricing.
Operatorship with state oil company and local partners.
Opportunities sized right for small independent company – under large company radars.
Ready to go projects – short time to first cash flow.