Touchstone Exploration Inc. announced that Mr. Todd Brown has resigned as Chief Operating Officer effective August 8, 2014. Mr. James Shipka, Vice President Geosciences and Business Development, will serve as Interim Chief Operating Officer until a suitable replacement has been found. In addition, Mr. Dwight Mervold, Vice President Operations will assume additional duties throughout the transition period.

The company announced financial and operating results for the second quarter and six months ended June 30, 2014. Production for the three months ended June 30, 2014 was 1,220 barrels per day (100% oil), compared to 191 barrels per day a year ago. Trinidad production contributed 830 barrels per day, as the operations averaged 1,574 barrels per day over the 48 day post acquisition period within the quarter. Canadian production remained consistent on a quarter-over-quarter basis and increased 104% from the comparative 2013 period.

Production for the six months ended June 30, 2014 was 807 barrels per day (100% oil), compared to 217 barrels per day a year ago.

For the second quarter of 2014, negative funds flow from operations were CAD 4,007,000 or CAD 0.07 per share basic and diluted, compared to CAD 2,114,000 or CAD 0.04 per share basic and diluted in the previous quarter and CAD 1,777,000 or CAD 0.04 per share basic and diluted in the comparative 2013 quarter. Canadian exploration asset expenditures were CAD 2,425,000 in the quarter versus CAD 5,811,000 in the previous quarter. Trinidad exploration expenditures were CAD 764,000, which represented the company's 16.2% working interest share of the drilling of a well on the Cory Moruga property. Trinidad petroleum sales were CAD 7,861,000. Corporate net income was CAD 2,751,000 or CAD 0.05 per basic and diluted share compared to net loss of CAD 4,151,000 or CAD 0.09 per basic and diluted share a year ago. Exploration asset expenditures were CAD 3,189,000 compared to CAD 3,050,000 a year ago. Property and equipment expenditures were CAD 7,797,000 compared to CAD 73,000 a year ago.

For the six months, Trinidad petroleum sales were CAD 7,861,000. Corporate net loss was CAD 1,216,000 or CAD 0.02 per basic and diluted share compared to CAD 7,159,000 or CAD 0.15 per basic and diluted share a year ago. Negative corporate funds flow from operations were CAD 6,121,000 or CAD 0.11 per basic and diluted share compared to CAD 4,469,000 or CAD 0.09 per basic and diluted share a year ago. Exploration asset expenditures were CAD 9,000,000 compared to CAD 11,472,000 a year ago. Property and equipment expenditures were CAD 7,816,000 compared to CAD 124,000 a year ago.

The company achieved July production of 2,340 average barrels per day of which 1,795 barrels per day was Trinidad based and 545 barrels per day was from Canadian operations.