Touchstone Exploration Inc. announced that its Board of Directors has approved a 2015 capital strategy which includes a first quarter capital budget of approximately $4 million. This strategy will see the company executes its annual capital program within realized cash flows. The Board will review and approve the company's capital budget on a quarterly basis with a focus on optimizing spending in response to changing commodity prices and industry conditions.

Based on its successful 2014 Trinidad development program, the company has elected to continue to focus on its low risk drilling inventory in Trinidad and has assumed an average Brent oil price of $70 as the benchmark for its 2015 capital guidance. With a focus on consistent 2015 production growth, the company anticipates corporate funds flow in the range of $13 million to $14 million with corporate average annual oil volumes of 2,700 to 2,900 barrels per day. The company's original 2014/15 guidance forecasted a continuous two rig drilling program in Trinidad. Drilling was reduced to a one rig program in late 2014 which allowed the company to preserve capital while still achieving 2014 production goals.