Appointment of Non-Executive Director

RNS Number : 0784J

Touchstone Exploration Inc.

26 June 2017

 

26 June 2017

Touchstone Exploration Inc.

("Touchstone" or the "Company")

Appointment of Non-Executive Director

Touchstone Exploration Inc. (TSX / LSE: TXP), an oil and gas exploration and production company active in the Republic of Trinidad and Tobago, announces the appointment of Mr. Peter Nicol as Non-Executive Director with immediate effect. His appointment is in line with the Company's stated intention to appoint a UK based independent Non-Executive Director to the Company's Board of Directors subsequent to admission to the AIM market of the London Stock Exchange.

Mr. Nicol has over 30 years of oil and gas experience in both industry and finance and is currently Non-Executive Director, Chair of the Audit Committee and Member of the Remuneration Committee of Eco (Atlantic) Oil and Gas Ltd. He was previously a partner at GMP Securities Europe as the Head of Oil and Gas Research and also held positions including Global Sector Director of Oil and Gas research at ABN AMRO Bank NV and Head of European Oil and Gas research at Goldman Sachs Group Inc.

Paul Baay, President and Chief Executive Officer of Touchstone, commented, "We are delighted that Peter has joined the Board. His international oil and gas knowledge coupled with his experience with UK capital markets will be invaluable in conjunction with our admission to trading on AIM."

For further information, please contact:

Touchstone Exploration Inc.

Mr. Paul Baay, President and Chief Executive Officer                                Tel: [phone]

Mr. Scott Budau, Chief Financial Officer

Shore Capital (Nominated Advisor and Joint Broker)

Nominated Adviser: Edward Mansfield / Mark Percy / James Wolfe            Tel: [phone] 

Corporate Broking: Jerry Keen

GMP FirstEnergy (Joint Broker)

Jonathan Wright / Hugh Sanderson                                                          Tel: [phone]

Camarco (Financial PR)

Nick Hennis / Billy Clegg / Jane Glover                                                    Tel: [phone]

Under schedule 2, paragraph (g) of the AIM Rules for Companies ("AIM Rules"), the following additional information is disclosed:

Peter William Nicol, age 60, is currently a Director of:

1.   Eco (Atlantic) Oil and Gas Ltd.;

2.   Locin Energy Limited;

3.   Thorogood Associates Ltd.; and

4.   Thorogood Associates India Private Limited.

In the last five years Mr. Nicol has also served as a Director or been a partner of the following companies:

1.   Disregarded Bridge Limited;

2.   InterOil Exploration & Production ASA;

3.   Verus Petroleum Holding Limited;

4.   Verus Petroleum UK Limited;

5.   VPHL Employee Investment Limited; and

6.   VPHL Management Investment Limited.

Mr. Nicol confirms there is no further information to be disclosed under Rule 17 and Schedule 2, paragraph (g) of the AIM Rules.

About Touchstone

Touchstone Exploration Inc. is a Calgary based company 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. Touchstone is currently active in onshore properties located in the Republic of Trinidad and Tobago. The Company's common shares are traded on the Toronto Stock Exchange and the AIM market of the London Stock Exchange under the symbol "TXP".

 

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