Touchstone Resources Company News

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Touchstone Makes Oil Discovery Onshore Trinidad
Monday, December 16, 2019 Calgary-based Touchstone Exploration Inc. has made what it's calling a "significant" onshore oil discovery in the Republic of Trinidad and Tobago.

Touchstone Reports Start of North Dakota Drilling
Wednesday, April 11, 2007 Touchstone Resources Ltd. said that Patterson Rig # 82 has commenced drilling the Wanner 1-27 prospect in Stark County, North Dakota.

Touchstone Resources USA, Inc. Changes Name to Cygnus Oil and Gas
Friday, June 09, 2006 Touchstone Resources USA, Inc. has effected its name change from Touchstone Resources USA, Inc. to Cygnus Oil and Gas Corporation. The name change was previously approved by the Company's stockholders at its annual meeting.

Touchstone Resources Strikes Deal with Paradigm Strategic Exploration
Tuesday, April 18, 2006 Touchstone Resources has it entered into an agreement with Paradigm Strategic Exploration for access to a large library of 3-D and 2-D seismic data to generate exploraton prospects.

Touchstone Resources Closes Private Offering
Thursday, April 06, 2006 Touchstone Resources USA, Inc. has closed a private placement of $22,000,000 aggregate principal amount of its 7.5% senior convertible notes due April 4, 2009.

Touchstone Begins Production from Garcia #3 and Diaz #5 Wells in Texas
Wednesday, March 16, 2005 Touchstone Resources USA reports that the Garcia #3 well in its Vicksburg project in South Texas is now flowing to sales at 1.8 Million Cubic Feet of gas per day and 90 Barrels of Condensate Per Day.

Touchstone Begins Production from Wharton County Project
Monday, February 28, 2005 Touchstone Resources reports that it has tested its Gubert #1 well on the Duncan prospect, Wharton County, Texas, and established an initial production rate of 2 Million Cubic Feet (MMCF) of gas per day.

Touchstone Reaches TD at Duncan Prospect
Monday, February 07, 2005 Touchstone Resources USA has reached total drill depth of 16,800' on its Gubert #1 well on the Duncan prospect, Wharton County, Texas.

Touchstone Tests Garcia #2 Well in Vicksburg Project
Friday, January 21, 2005 Touchstone Resources has tested the Garcia #2 well in its Vicksburg project, establishing an initial production rate of 800 MCF of gas and 70 barrels of oil per day from its first completed zone.

Touchstone Says Vicksburg Project Ahead of Schedule
Tuesday, December 14, 2004 Touchstone Resources reports that it has tested the Diaz #3 well in its Vicksburg project, establishing an initial production rate of 2 MMCF of gas and 160 barrels of oil per day from its first completed zone. In addition, Touchstone announced that it has reached total drill depth of 8,700' on its Diaz #4 well and will commence completion operations immediately.

Touchstone Increase Stake in Wharton County Acreage
Tuesday, October 26, 2004 Touchstone Resources has increased the amount of acreage owned in its Wharton County Project from approximately 900 acres at the inception of the project to approximately 4,000 acres currently in two different prospects, the Colorado Bend and the Duncan.

Touchstone Reaches Total Depth on Denman #1 Wel
Wednesday, October 13, 2004 Touchstone Resources has reached total drill depth of 5,582' M.D. on the Denman #1, the first well in its Maverick Basin project.

Touchstone Resources Hires Sanders Morris Harris
Monday, September 13, 2004 Touchstone Resources has engaged the investment banking firm of Sanders Morris Harris as its financial advisor to assist with capital raising and strategic matters related to the anticipated growth of its business.

Touchstone Resources Updates Current Operations
Thursday, August 19, 2004 Touchstone Resources provides the following update on the oil and gas projects in which it has an operating and/or working interest.

Touchstone Resources & Blue Star to Explore Maverick Basin
Tuesday, June 29, 2004 Touchstone Resources and Blue Star Operating have teamed-up to explore the Maverick Basin in South Texas.

Touchstone Resources Begins Work on Louisiana Shelf Project
Tuesday, June 29, 2004 Touchstone Resources is using the Parker Drilling jackup, PD-15, to commence drilling on a 13,500 foot test on Block 4 on its 1,800 acre prospect in East Cameron Parish, Louisiana.

Touchstone to Drill EC Block 4 in Gulf of Mexico
Tuesday, January 06, 2004 Touchstone Resources to begin drilling operations in East Cameron Block 4 in mid-February.

Touchstone Acquires Stake in East Cameron Parish
Friday, November 14, 2003 Touchstone Resources has acquired a 4% back in after payout interest in Louisiana Shelf Partners.

Touchstone Targets Offshore Project
Tuesday, June 17, 2003 Touchstone Resources has acquired a 4% back in after payout interest in Louisiana Shelf Partners, which owns shallow and deep gas prospects located in East Cameron Parish, La.

Touchstone Reports Hell Hole #2 Well Non-Commercial
Wednesday, April 23, 2003 Touchstone Resources reports that the S.L. 16141 #2 well, located in Vermilion Parish, La. encountered 79 net feet of pay, however, the find was non-commercial.