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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 ).
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 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 . 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.
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END
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