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Touchstone Exploration Inc.

09:50 AM EST - Touchstone Exploration Inc. : Announced that its wholly-owned subsidiary, Touchstone Exploration (Trinidad) Ltd., has entered into an agreement with BG Overseas Holdings Limited to acquire all the share capital of Shell Trinidad Central Block Limited. Under the terms of the Acquisition, TETL will pay BG Overseas Holdings Limited $23 million consideration in cash prior to closing adjustments. Touchstone Exploration Inc. shares T.TXP are trading up $0.03 at $0.43.