REG - Touchstone Explrtn. - INAUGURAL SUSTAINABILITY REPORT

Touchstone ExplorationAnnouncement

29/12/2021 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20211229:nRSc8619Wa&default-theme=true

RNS Number : 8619W  Touchstone Exploration Inc.  29 December 2021

TOUCHSTONE RELEASES INAUGURAL SUSTAINABILITY REPORT

 

CALGARY, ALBERTA (December 29, 2021) - Touchstone Exploration Inc.
("Touchstone", "we", "our", "us" or the "Company") (TSX, LSE: TXP) is pleased
to present its inaugural 2020 Sustainability Report (the "Report"), outlining
our progress and initiatives on environmental, social and governance ("ESG")
practices. This Report was approved by the Company's Board of Directors and
provides all stakeholders insight into our environmental stewardship,
community involvement and effective governance standards.

 

Paul Baay, President and Chief Executive Officer, commented:

 

"Our strategy while developing this sustainability report was to keep it
aligned with the Company's vision and values which hold environmental
stewardship, social responsibility and corporate governance at the forefront."

 

Our 2020 ESG highlights included:

 

·      committed to having zero produced water released into the
environment from 2023 onward;

 

·      established a greenhouse gas emissions baseline from which we can
continue to minimize our environmental footprint;

 

·      achieved zero employee incidents, confirming our dedication to
safety;

 

·      adapted our operations quickly during the COVID-19 pandemic while
ensuring the well-being of our employees and supporting residents within the
communities we operated; and

 

·      initiated an HSSE Committee (Health, Safety, Social and
Environmental) of the Board mandating specific ESG and sustainability
responsibilities.

 

Our Report was driven by various ESG reporting standards for the 2020 calendar
year that followed the Global Reporting Initiative Sustainability Reporting
Standards 2018 (GRI) and the Sustainability Accounting Standards Board - Oil
and Gas - Exploration and Production (EM-EP) Standard (SASB) as well as the
guidelines set forth by the Task Force on Climate-related Financial Disclosure
(TCFD). The full Report can be accessed on our corporate website
(www.touchstoneexploration.com (http://www.touchstoneexploration.com/) ).

 

Touchstone Exploration Inc.

 

Touchstone Exploration Inc. is a Calgary, Alberta 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".

 

For further information about Touchstone, please visit our website at
www.touchstoneexploration.com (http://www.touchstoneexploration.com/) or
contact:

 

Mr. Paul Baay, President and Chief Executive
Officer                             Tel: +1 (403)
750-4487

Mr. Scott Budau, Chief Financial Officer

Mr. James Shipka, Chief Operating Officer

 

Shore Capital (Nominated Advisor and Joint Broker)

Daniel Bush / Toby Gibbs / Michael McGloin
                   Tel: +44 (0) 207 408 4090

 

Canaccord Genuity (Joint Broker)

Adam James / Henry Fitzgerald O'Connor / Thomas
Diehl                     Tel: +44 (0) 207 523 8000

 

Camarco (Financial PR)

Billy Clegg / Emily Hall / Lily Pettifar
                                     Tel: +44 (0) 203 781
8330

 

Advisories

 

Forward-Looking Statements

 

Certain information provided in this announcement may constitute
forward-looking statements and information (collectively, "forward-looking
statements") within the meaning of applicable securities laws. Such
forward-looking statements include, without limitation, forecasts, estimates,
expectations, and objectives for future operations that are subject to
assumptions, risks, and uncertainties, many of which are beyond the control of
the Company. Forward-looking statements are statements that are not historical
facts and are generally, but not always, identified by the words "expects",
"plans", "anticipates", "believes", "intends", "estimates", "projects",
"potential" and similar expressions, or are events or conditions that "will",
"would", "may", "could" or "should" occur or be achieved.

 

Although the Company believes that the expectations and assumptions on which
the forward-looking statements are based are reasonable, undue reliance should
not be placed on the forward-looking statements because the Company can give
no assurance that they will prove to be correct. Since forward-looking
statements address future events and conditions, by their very nature they
involve inherent risks and uncertainties. Actual results could differ
materially from those currently anticipated due to a number of factors and
risks. Certain of these risks are set out in more detail in the Company's 2020
Annual Information Form dated March 25, 2021 which has been filed on SEDAR and
can be accessed at www.sedar.com
(https://r20.rs6.net/tn.jsp?f=001SvrvMqKk0mfpwbN6FxKYKKrDIHOmhnSh8wRum9OsOGm3jqlGnDZY_nmP28szELFWzCJZODNJIueczm10icEbs5zXEneKLw_fg4FtHlyZBI4PjF3ZKeDLvkm_q1TuO65FZEb8WBqf0HI=&c=jo4chx5XhCPWrEfNc3vHijHB1WqZXGIoop5vp0oQjeT4jPgAIfWOjw==&ch=Xml2T0iSCGTWB51fS_nFxqlg-EKbgL65e1ewOo2wk4ENOD3-iG-Zfg==)
. The forward-looking statements contained herein are made as of the date
hereof, and except as may be required by applicable securities laws, the
Company assumes no obligation to update publicly or revise any forward-looking
statements made herein or otherwise, whether as a result of new information,
future events or otherwise.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCTPBLTMTMTBJB