About Touchstone Exploration
Touchstone Exploration is a publicly listed company based in Calgary (Canada) founded in 2010. Oil and gas exploration and production services are provided. It operates on a Direct-to-Consumer (D2C) model. The company has 104 employees. Touchstone Exploration has completed 3 acquisitions, including Primera Energy, Primera Energy Resources and Trinity Exploration. Its chief executive, as recorded, is Paul Baay. Touchstone Exploration offers products and services including Oil Production and Natural Gas Production. Its focus areas include Energy, Oil & Gas and Exploration & Production. Its legal entity is Touchstone Exploration Inc.
Company details
Touchstone Exploration is involved in the exploration, development, and production of oil and gas resources onshore in Trinidad. The company operates a diversified portfolio of assets across southern Trinidad, focusing on both crude oil and natural gas from developed and exploration acreage. Expertise in regional geological and reservoir characteristics is leveraged to drive development and production growth. Commitment to community and economic growth in Trinidad is maintained alongside efforts to increase shareholder value within the energy sector.
- Headquarters Calgary, Canada
- Employees 104
- Stage Public
- SectorsEnergy & Utilities
- Phone•••• ••••
- Website touchstoneexploration.com
- Social LinkedIn X Facebook Instagram
- Legal Name Touchstone Exploration Inc
- Annual Revenue$35.47 M (USD)-18.8as on Dec 31, 2025
- Net Profit$11.11 M (USD)34.25as on Dec 31, 2025
- EBITDA$11.88 M (USD)-43.38as on Dec 31, 2025
- Latest Funding Round$10.9M (USD), Post-IPO
Jun 2026
- InvestorsCrown Capital Partners
& 1 more
- Employee Count104
- Investments & AcquisitionsPrimera Energy
& 2 more
Products & Services of Touchstone Exploration
Touchstone Exploration offers a comprehensive portfolio of products and services, including Oil Production and Natural Gas Production.
Oil resources are explored, developed, and produced onshore.
Natural gas resources are extracted from developed acreage.
Funding Insights of Touchstone Exploration
- Total Rounds 12
- Last Round Post-IPO — $10.9M
- First Round $517,689
(Jul 2011)
- Investors Count 2
Latest 10 of 12 funding rounds of Touchstone Exploration with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2026 | $10.9M | Post-IPO | – | – | – |
| Oct 2025 | $8.4M | Post-IPO | – | – | – |
| Aug 2025 | $12.5M | Post-IPO | – | – | – |
| May 2025 | $20.5M | Post-IPO | – | – | – |
| Dec 2022 | $13M | Post-IPO | – | – | – |
| Nov 2020 | $30M | Post-IPO | – | – | – |
| Feb 2020 | $11.65M | Post-IPO | – | – | – |
| Nov 2019 | $15.19M | Debt – Conventional | – | – | |
| Feb 2019 | $4.91M | Post-IPO | – | – | – |
| Jan 2018 | $26,485 | Post-IPO | – | – |
2 investors in total: 2 institutional.
Investors in Touchstone Exploration
Touchstone Exploration has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Crown Capital Partners and North Energy.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Distributed power and broadband network solutions are developed. | 2000 | crowncapital.ca | Toronto, Canada | |
Exploration and Production in the Norwegian Continental Shelf and Barents sea | 2007 | northenergy.no | Oslo, Norway |
Investor details for Touchstone Exploration
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People of Touchstone Exploration
21 people are tracked at Touchstone Exploration (4 in leadership, 7 in board & advisors, 10 in team); the tracked headcount is 104.
| Name | Role | Group |
|---|---|---|
Paul Baay | CEO & President | Leadership |
Paul R. Baay | President & CEO | Leadership |
Scott Budau | CFO | Leadership |
Brian Hollingshead | Executive Vice President, Engineering & Business Development | Leadership |
Kenneth R. McKinnon | Director | Board & advisors |
John D. Wright | Chairman | Board & advisors |
Peter Nicol | Director | Board & advisors |
Harrie Vredenburg | Director | Board & advisors |
Thomas Valentine | Director | Board & advisors |
Stanley T. Smith | Director | Board & advisors |
Beverley Smith | Non Executive Director | Board & advisors |
Lynn Anderson | Subsurface Manager | Team |
Xavier Moonan | Exploration Manager | Team |
Gareth Williams | Junior Geologist (g.i.t) | Team |
Andrew Reeder | Manager, Financial Reporting | Team |
Sharon Sooknanan | Trinidad Controller | Team |
Doug Gemeroy | Information Technology Manager | Team |
Ryan Perrotte | Petroleum Engineer | Team |
Danielle Belfon | Geologist 1 | Team |
Kassie Baboolal | Geologist 1 | Team |
1 more people are available in the full profile.
Complete people profiles for Touchstone Exploration
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IPO & Listings of Touchstone Exploration
Touchstone Exploration is a publicly listed company on the TSX with ticker symbol TXP in Canada, operating in the Energy minerals sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date26 Jun 2017
- Listed onLSE: TXP
- Listed entityTouchstone Exploration Inc
- Exchange sectorEnergy minerals
- ISINCA89156L1085
- Share price0.17 CAD (-2.94% on the day) · 2026-10-13
- Market capitalisation72,786,444.00 CAD
- Price to earnings3.2
- EPS (diluted, trailing year)0.05 CAD
- Volume (last session)91,710
Financials of Touchstone Exploration
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 48.6M CAD | 15.2M CAD | 16.3M CAD |
| 2024 | 59.8M CAD | 11.3M CAD | 28.7M CAD |
| 2023 | 48.6M CAD | -27.8M CAD | 21.0M CAD |
| 2022 | 36.9M CAD | -4.2M CAD | 13.3M CAD |
| 2021 | 25.5M CAD | 7.2M CAD | 7.3M CAD |
Detailed financial statements for Touchstone Exploration
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Investments & Acquisitions by Touchstone Exploration
Touchstone Exploration has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Primera Energy, Primera Energy Resources and Trinity Exploration.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Trinity Exploration is engaged in oil exploration and production. | trinityexploration.com | Trinidad, United States | 1996 | May 2024 | •••• | |
Oil and gas are explored and produced in Texas shales. | primeraenergyllc.com | San Antonio, United States | 2005 | Dec 2012 | •••• | |
Limited information available | primeraenergyresources.com | Port Of Spain, Trinidad And Tobago | 0 | Sep 2012 | •••• |
Complete acquisition details for Touchstone Exploration
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Timeline of Touchstone Exploration
7 dated milestones of Touchstone Exploration across 16 years, from founding to its latest funding, stage changes and deals.
- Founded Touchstone Exploration is founded.
- Funding First funding round of $518K.
- Acquisition Acquires Primera Energy Resources.
- Acquisition Acquires Primera Energy.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Trinity Exploration.
- Funding Latest funding round, Post-IPO, of $10.9M.
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Related news about Touchstone Exploration
Complete news archive for Touchstone Exploration
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Frequently Asked Questions about Touchstone Exploration
Touchstone Exploration was founded in 2010 and raised its 1st funding round 1 year after it was founded.
Touchstone Exploration is headquartered in Calgary, Canada. It is registered at Calgary, Alberta, Canada.
Paul Baay is the CEO of Touchstone Exploration, as recorded in our data.
Touchstone Exploration has 104 employees.
Annual revenue of Touchstone Exploration is $35.47M as on Dec 31, 2025.
Touchstone Exploration is involved in the exploration, development, and production of oil and gas resources onshore in Trinidad. The company operates a diversified portfolio of assets across southern Trinidad, focusing on both crude oil and natural gas from developed and exploration acreage. Expertise in regional geological and reservoir characteristics is leveraged to drive development and production growth. Commitment to community and economic growth in Trinidad is maintained alongside efforts to increase shareholder value within the energy sector.
Touchstone Exploration offers Oil Production and Natural Gas Production.
Yes, Touchstone Exploration is publicly traded on TSX under the ticker symbol TXP.
Touchstone Exploration has made 3 acquisitions, including Primera Energy, Primera Energy Resources, and Trinity Exploration.
Touchstone Exploration has 2 investors. Key investors include Crown Capital Partners, and North Energy.
Touchstone Exploration operates through Touchstone Exploration Inc..