Touchstone Reports Second Quarter 2024 Results
Touchstone Reports Second Quarter 2024 Results
CALGARY, AB / ACCESSWIRE / August 13, 2024 / Touchstone Exploration Inc. ("Touchstone", "we", "our" or the "Company") (TSX:TXP)(LSE:TXP) reports financial and operating results for the three and six months ended June 30, 2024 and updated 2024 guidance.
Touchstone Exploration Inc.(TSX:TXP)(LSE:TXP)報告了截至2024年6月30日的三個月和六個月的財務和運營結果,並更新了2024年預測。
Selected financial information is outlined below and should be read in conjunction with our June 30, 2024 unaudited interim condensed consolidated financial statements and related Management's discussion and analysis, both of which will be available under our profile on SEDAR+ () and on our website (). Unless otherwise stated, all financial amounts presented herein are rounded to thousands of United States dollars, and all production volumes disclosed herein are sales volumes based on Company working interest before royalty burdens.
以下是選擇的財務信息,應與我們的2024年6月30日未經審計的中期摘要合併財務報表和相關管理討論和分析一起閱讀,這些信息都可以在我們在 SEDAR()上的資料目錄和我們的網站()上提供。除非另有說明,本文中提供的所有財務金額均以美元千位四捨五入,此外,所有披露的生產量均爲公司工作利益之前的銷售量,不包括產量負擔。
Paul R. Baay, President and Chief Executive Officer, commented:
Touchstone首席執行官Paul R. Baay表示:
"Our results for the first half of 2024 highlight Touchstone's remarkable transformation over the past year, with notable improvements in both financial and production performance compared to the previous year. The second quarter has been particularly productive, marked by our efforts to optimize production, enhance processing capacity, and tie in our new wells to the Cascadura natural gas facility. We were excited to increase average sales volumes to 5,816 boe/d in July 2024, following the successful recompletion of the Cascadura Deep-1 well, representing an 18 percent increase from June 2024.
“2024年上半年的業績凸顯了Touchstone在過去一年中的顯着轉型,與上一年相比,財務和生產表現都有了顯著改善。第二季度尤其強勁,我們努力優化生產、提高處理能力,並將我們的新井與Cascadura天然氣設施連接起來。我們很高興看到2024年7月的平均銷售量增至5,816個boe/d,這是在成功重新完工Cascadura Deep-1井之後實現的,相比6月我們增加了18%。
Since we began production at Cascadura in September 2023, we have gained valuable insights into the reservoir that will benefit our future drilling initiatives. However, we have observed that field declines have been steeper than anticipated, leading us to adjust our midpoint forecasted 2024 average production to 8,000 boe/d. Consequently, we now project an approximate annual funds flow from operations of $28 million for 2024.
自從我們在2023年9月開始在Cascadura進行生產以來,我們已經獲得了對油藏的寶貴見解,這將有利於我們未來的鑽探計劃。然而,我們觀察到油田遞減的速度比預期更快,導致我們將預測的2024年平均生產中值調整爲8,000個boe/d左右。因此,我們現在預計2024年的資金流操作將達到2800萬美元左右。
Following our drilling program in the first half of the year, we remain on track to achieve initial production from the two Cascadura wells by the end of September. In line with our commitment to capital discipline and operational efficiency, we have decided to leverage the current drilling rig location and the installation of the Cascadura field flowline to drill two additional development wells from our Cascadura B site in the fourth quarter of 2024. This strategic shift will replace the previously planned two Coho wells. We look forward to sharing further updates with our shareholders in due course."
在今年上半年的鑽探計劃之後,我們仍在按計劃於9月底前從兩個Cascadura井實現初步生產。爲體現我們資本紀律和運營效率的承諾,我們決定利用當前的鑽探井位和Cascadura田道管的安裝,於2024年第四季度從我們的Cascadura b區鑽探兩口開發井代替之前計劃的兩口Coho井。我們期待在適當的時候與股東分享更多的更新。
Year to Date Second Quarter 2024 Financial and Operating Highlights
2024年第二季度至今的財務和運營亮點:
Attained average production volumes of 6,223 boe/d (78 percent natural gas), representing a 214 percent increase relative to the 1,982 boe/d (39 percent natural gas) produced in the six months ended June 30, 2023, mainly attributed from Cascadura natural gas and associated liquids volumes that were brought online in September 2023.
Achieved funds flow from operations of $10,110,000 versus $809,000 reported in the prior year comparative period, driven by an increase in operating netback of $12,112,000 primarily from increased production volumes and realized commodity pricing.
Recognized net earnings of $6,967,000 ($0.03 per basic and diluted share) during the six months ended June 30, 2024 compared to a net loss of $350,000 ($0.00 per basic share) reported in the equivalent 2023 period.
實現平均產量爲6,223個boe/d(天然氣佔78%),相比2023年6月30日結束的六個月生產的1,982個boe/d(天然氣佔39%)增長了214%,主要歸因於Cascadura天然氣及相關液體銷售量於2023年9月開始生產。
實現資金流操作金額1,011萬美元,遠高於去年同期的80.9萬美元,主要由於營業淨收益增加了1,211.2萬美元,主要歸因於增加的生產量和實現的商品定價。
2024年6月30日結束的六個月中,Touchstone的淨收益爲6,967萬美元(基本和稀釋後每股爲0.03美元),而在同樣時期的2023年,Touchstone的淨虧損爲35萬美元(每股基本股數爲0.00美元)。
Second Quarter 2024 Financial and Operating Highlights
二季度2024年財務和運營亮點
Achieved average quarterly production of 5,432 boe/d (77 percent natural gas), a 23 percent decrease relative to 7,015 boe/d produced in the first quarter of 2024 (80 percent natural gas), mainly reflecting natural declines from our Cascadura field.
-
Realized petroleum and natural gas sales of $14,090,000 compared to $16,584,000 in the first quarter of 2024, primarily attributed to a decrease in natural gas and NGL sales volumes.
Cascadura field production volumes in the quarter contributed $5,168,000 of natural gas sales at an average realized price of $2.52 per Mcf and $680,000 of petroleum sales at an average realized price of $73.86 per barrel.
Natural gas production from the Coho-1 well contributed $483,000 of natural gas sales in the quarter at an average realized price of $2.16 per Mcf.
Crude oil production contributed $7,759,000 of petroleum sales at an average realized price of $73.62 per barrel.
Generated an operating netback of $8,127,000, a 22 percent decrease from the first quarter of 2024, primarily due to decreased natural gas and NGL sales volumes.
Achieved quarterly funds flow from operations of $3,968,000 in the second quarter of 2024 compared to $6,142,000 in the preceding quarter.
Delivered net earnings of $3,339,000 ($0.01 per basic and diluted share) versus $3,628,000 ($0.02 per basic and diluted share) recognized in the first quarter of 2024.
$5,543,000 in quarterly capital investments primarily focused on expenditures directed towards one CO-1 well and progressing construction on the flowline from the Cascadura C site to the Cascadura natural gas processing facility.
In April 2024 we entered into a third amended and restated loan agreement with our existing lender providing for an additional $13 million of bank debt capacity.
Effective June 1, 2024 we closed an asset swap where we exchanged private San Francique leases for the Balata East block, which resulted in a $1,535,000 gain on asset disposition.
Exited the second quarter of 2024 with a cash balance of $6,990,000 and a net debt position of $28,674,000, resulting in a net debt to annual funds flow from operations ratio of 1.25 times.
實現季度平均產量爲5,432個boe/d(天然氣佔77%),相比2024年第一季度的7,015個boe/d(天然氣佔80%)下降了23%,主要反映了我們Cascadura油田的自然遞減。
-
實現石油和天然氣銷售額1,409萬美元,相比2024年第一季度的1,658.4萬美元,主要歸因於天然氣和NGL銷售量減少。
季度Cascadura油田生產量貢獻了5,168萬美元的天然氣銷售額,實現平均實現價格爲2.52美元/Mcf,以及680萬美元的石油銷售額,實現平均實現價格爲73.86美元/桶。
來自Coho-1井的天然氣產量在季度中貢獻了483,000美元的天然氣銷售額,平均實現價格爲2.16美元/Mcf。
原油生產帶來了7,759萬美元的石油銷售額,實現平均實現價格爲73.62美元/桶。
實現運營淨殼812.7萬美元,較2024年第一季度下降了22%,主要歸因於天然氣和NGL銷售量的減少。
在2024年第二季度,實現資金流操作金額396.8萬美元,而在前一個季度則實現了614.2萬美元的資金流操作金額。
實現淨收益爲333.9萬美元(基本和稀釋後每股爲0.01美元),相比2024年第一季度實現的3,628萬美元(基本和稀釋後每股爲0.02美元)的淨收益下降了8%。
第二季度的資本投資總額達到554.3萬美元,主要投向了一口CO-1井和Cascadura C區到Cascadura天然氣加工設施的田道管建設。
2024年4月,我們與現有貸款人簽署了第三份修訂後的貸款協議,提供額外1300萬美元的銀行借貸能力。
2024年6月1日起,我們進行了一項資產互換,將私人San Francique 版塊交換成了Balata East 版塊,從中獲得了153.5萬美元的資產處置收益。
2024年第二季度末,我們的現金餘額爲6,990,000美元,淨債務爲28,674,000美元,淨債務與年度經營現金流比率爲1.25倍。
Post Period-end Highlights
期末亮點
Effective July 1, 2024 we entered into exploration and production licences for the Charuma and Cipero onshore blocks awarded pursuant to the 2022 onshore competitive bid round, where we have an 80 percent operating interest in each licence.
-
Following a recompletion of Cascadura Deep-1, in July 2024 we attained average net sales volumes of 5,816 boe/d representing an increase of 18 percent from June 2024 average net sales, comprised of:
average natural gas sales volumes of 27.5 MMcf/d (4,578 boe/d); and
average crude oil and natural gas liquid sales volumes of 1,238 bbls/d.
Cascadura facility infrastructure and tie-in operations are progressing as scheduled, and we continue to target initial production from our Cascadura-2ST1 and Cascadura-3ST1 wells prior to the end of September 2024.
2024年7月1日生效,我們獲得了Charuma 和Cipero陸上區塊的勘探和生產許可,這些許可是根據2022年陸上競標獲得的,我們在每個許可證中擁有80%的經營權。
-
經過Cascadura Deep-1重新完工,2024年7月我們實現了5,816個標準桶當量/日的平均淨銷售量,較2024年6月的平均淨銷售量增長了18%,其中包括:
平均天然氣銷售量爲27.5百萬立方英尺/天(4,578桶當量/天);
平均原油和天然氣液體銷售量爲1,238桶/天。
Cascadura設施基礎設施和聯接操作正在按計劃進行,我們繼續目標是在2024年9月底之前從Cascadura-2ST1和Cascadura-3ST1井開始初始生產。
Financial and Operating Results Summary
財務和運營結果摘要
Three months ended |
Six months ended |
|||||||||||||||||||||||
2024 |
2023 |
% |
2024 |
2023 |
% |
|||||||||||||||||||
Operational |
||||||||||||||||||||||||
Average daily production |
||||||||||||||||||||||||
Crude oil(1) (bbls/d)
|
1,158 |
1,124 |
3 |
1,162 |
1,204 |
(3) | ||||||||||||||||||
NGLs(1) (bbls/d)
|
101 |
- |
n/a |
181 |
- |
n/a |
||||||||||||||||||
Crude oil and liquids(1) (bbls/d)
|
1,259 |
1,124 |
12 |
1,343 |
1,204 |
12 |
||||||||||||||||||
Natural gas(1) (Mcf/d)
|
25,036 |
4,215 |
100 |
29,279 |
4,667 |
100 |
||||||||||||||||||
Average daily production (boe/d)(2)
|
5,432 |
1,827 |
100 |
6,223 |
1,982 |
100 |
||||||||||||||||||
Average realized prices(3)
|
||||||||||||||||||||||||
Crude oil(1) ($/bbl)
|
73.62 |
62.26 |
18 |
71.78 |
63.64 |
13 |
||||||||||||||||||
NGLs(1) ($/bbl)
|
73.86 |
- |
n/a |
70.78 |
- |
n/a |
||||||||||||||||||
Crude oil and liquids(1) ($/bbl)
|
73.64 |
62.26 |
18 |
71.64 |
63.64 |
13 |
||||||||||||||||||
Natural gas(1) ($/Mcf)
|
2.48 |
2.11 |
18 |
2.47 |
2.12 |
17 |
||||||||||||||||||
Realized commodity price ($/boe)(2)
|
28.50 |
43.19 |
(34) | 27.08 |
43.64 |
(38) | ||||||||||||||||||
Production mix (% of production)
|
||||||||||||||||||||||||
Crude oil and liquids(1)
|
23 |
62 |
22 |
61 |
||||||||||||||||||||
Natural gas(1)
|
77 |
38 |
78 |
39 |
||||||||||||||||||||
Operating netback ($/boe)(2)
|
||||||||||||||||||||||||
Realized commodity price(3)
|
28.50 |
43.19 |
(34) | 27.08 |
43.64 |
(38) | ||||||||||||||||||
Royalties(3)
|
(7.25) | (12.94) | (44) | (6.41) | (12.98) | (51) | ||||||||||||||||||
Operating expenses(3)
|
(4.81) | (13.25) | (64) | (4.26) | (12.61) | (66) | ||||||||||||||||||
Operating netback(3)
|
16.44 |
17.00 |
(3) | 16.41 |
18.05 |
(9) | ||||||||||||||||||
Financial |
||||||||||||||||||||||||
($000's except per share amounts) |
||||||||||||||||||||||||
Petroleum and natural gas sales |
14,090 |
7,181 |
96 |
30,674 |
15,657 |
96 |
||||||||||||||||||
Cash from operating activities |
3,383 |
2,975 |
14 |
8,752 |
3,888 |
100 |
||||||||||||||||||
Funds flow from operations |
3,968 |
6 |
100 |
10,110 |
809 |
100 |
||||||||||||||||||
Net earnings (loss) |
3,339 |
(71) | n/a |
6,967 |
(350) | n/a |
||||||||||||||||||
Per share - basic and diluted |
0.01 |
(0.00) | n/a |
0.03 |
(0.00) | n/a |
||||||||||||||||||
Exploration capital expenditures |
60 |
4,795 |
(99) | 168 |
13,545 |
(99) | ||||||||||||||||||
Development capital expenditures |
5,483 |
340 |
100 |
17,337 |
609 |
100 |
||||||||||||||||||
Capital expenditures(3)
|
5,543 |
5,135 |
8 |
17,505 |
14,154 |
24 |
||||||||||||||||||
Working capital deficit(3)
|
2,674 |
10,913 |
(75) | |||||||||||||||||||||
Principal long-term bank debt |
26,000 |
18,000 |
44 |
|||||||||||||||||||||
Net debt(3) - end of period |
28,674 |
28,913 |
(1) | |||||||||||||||||||||
Share Information (000's)
|
||||||||||||||||||||||||
Weighted avg. shares outstanding: |
||||||||||||||||||||||||
Basic |
234,959 |
233,144 |
1 |
234,586 |
233,091 |
1 |
||||||||||||||||||
Diluted |
236,364 |
233,144 |
1 |
236,451 |
233,091 |
1 |
||||||||||||||||||
Outstanding shares - end of period |
236,307 |
233,428 |
1 |
截至三個月結束時 |
截至2022年6月30日的六個月 |
|||||||||||||||||||||||
2024 |
2023 |
% |
2024 |
2023 |
% |
|||||||||||||||||||
運營 |
||||||||||||||||||||||||
平均每天產量 |
||||||||||||||||||||||||
wti原油(1)(桶/天) |
1,158 |
1,124 |
3 |
1,162 |
1,204 |
(3) | ||||||||||||||||||
所有基金類型(1)(桶/天) |
101 |
- |
不適用 |
181 |
- |
不適用 |
||||||||||||||||||
wti原油和液體(1)(桶/天) |
1,259 |
1,124 |
12 |
1,343 |
1,204 |
12 |
||||||||||||||||||
天然氣(1)(Mcf/天) |
25,036 |
4,215 |
100 |
29279 |
4,667 |
100 |
||||||||||||||||||
日均產量(桶當量/天)(2) |
5,432 |
合同履行資產的減值損失 |
100 |
6,223 |
1,982 |
100 |
||||||||||||||||||
平均實現價格(3) |
||||||||||||||||||||||||
wti原油(1)(美元/桶) |
73.62 |
62.26 |
18 |
71.78 |
63.64 |
13 |
||||||||||||||||||
所有基金類型(1)(美元/桶) |
73.86 |
- |
不適用 |
70.78 |
- |
不適用 |
||||||||||||||||||
wti原油和液體(1)(美元/桶) |
73.64 |
62.26 |
18 |
71.64 |
63.64 |
13 |
||||||||||||||||||
天然氣(1) ($/Mcf) |
2.48 |
2.11 |
18 |
2.47 |
2.12 |
17 |
||||||||||||||||||
實現商品價格 ($/boe)(2) |
28.50 |
43.19 |
(34) | 27.08 |
43.64 |
(38) | ||||||||||||||||||
生產組合 (生產的百分比) |
||||||||||||||||||||||||
wti原油和液體(1) |
23 |
62 |
22 |
61 |
||||||||||||||||||||
天然氣(1) |
77 |
38 |
78 |
39 |
||||||||||||||||||||
運營淨收益(每桶 $)(2) |
||||||||||||||||||||||||
實現商品價格(3) |
28.50 |
43.19 |
(34) | 27.08 |
43.64 |
(38) | ||||||||||||||||||
特許權使用費(3) |
(7.25) | (12.94) | (44) | (6.41) | (12.98) | (51) | ||||||||||||||||||
營業費用(3) |
(4.81) | (13.25) | (64) | (4.26) | (12.61) | (66) | ||||||||||||||||||
營業淨收益(3) |
16.44 |
17.00 |
(3) | 16.41 |
18.05 |
-9 | ||||||||||||||||||
金融 |
||||||||||||||||||||||||
($000's除每股金額) |
||||||||||||||||||||||||
石油股和天然氣銷售 |
14,090 |
7,181 |
96 |
30,674 |
15,657 |
96 |
||||||||||||||||||
經營活動現金流量 |
3,383 |
2,975 |
14 |
8,752 |
3,888 |
100 |
||||||||||||||||||
從運營活動中產生的資金流動 |
3,968 |
6 |
100 |
10,110 |
809 |
100 |
||||||||||||||||||
淨收益(虧損) |
3,339 |
(71) | 不適用 |
6,967 |
(350) | 不適用 |
||||||||||||||||||
每股基本和攤薄 |
0.01 |
(0.00) | 不適用 |
0.03 |
(0.00) | 不適用 |
||||||||||||||||||
勘探資本支出 |
60 |
4,795 |
(99) | 168 |
13,545 |
(99) | ||||||||||||||||||
開發資本支出 |
5,483 |
340 |
100 |
17,337 |
609 |
100 |
||||||||||||||||||
資本支出(3) |
5,543 |
5,135 |
8 |
17,505 |
14,154 |
24 |
||||||||||||||||||
流動資本赤字(3) |
2,674 |
10,913 |
(75) | |||||||||||||||||||||
主要長期銀行債務 |
26,000 |
18,000 |
44 |
|||||||||||||||||||||
淨債務(3) - 期末 |
28,674 |
28,913 |
(1) | |||||||||||||||||||||
分享信息 (千) |
||||||||||||||||||||||||
加權平均已發行普通股: |
||||||||||||||||||||||||
基本 |
234,959 |
233,144 |
1 |
234,586 |
233,091 |
1 |
||||||||||||||||||
攤薄 |
236,364 |
233,144 |
1 |
236,451 |
233,091 |
1 |
||||||||||||||||||
期末已發行的普通股 |
236,307 |
233,428 |
1 |
Notes:
注意:
Refer to the "Advisories - Product Type Disclosures" section herein for further information.
In the table above and elsewhere in this news release, references to "boe" mean barrels of oil equivalent that are calculated using the energy equivalent conversion method. Refer to "Advisories - Oil and Natural Gas Measures" for further information.
Non-GAAP financial measure. See the "Advisories - Non-GAAP Financial Measures" section herein for further information.
有關產品類型披露的提示部分請參閱本文。
在上表及本新聞稿的其他地方,"boe"的指的是按照等同能源換算方法計算出的石油等價桶。有關油氣度量衡的提示內容,請參閱"提示 - 石油和天然氣度量衡"。
非一般公認會計准則的財務衡量標準。更多信息請參見此處的「非一般公認會計准則財務衡量標準」部分.
Outlook and Guidance
展望和指引
We continue to focus on financial discipline and value creation from our portfolio of development and exploration assets. Our principal near term strategy is to increase cash flow generation via the development of our Cascadura field in 2024. On December 19, 2023, the Company issued a news release to announce the approval of our preliminary financial and operating guidance for 2024. This guidance is summarized below along with updated 2024 guidance which reflects a 15 percent reduction in the midpoint of our production forecast driven by year-to-date production levels.
我們仍然專注於通過我們的開發和探險資產組合創造價值並保持財務可控性。我們的主要短期策略是通過2024年對我們的Cascadura油田的開發增加現金流生成。2023年12月19日,公司發表新聞稿宣佈已經批准我們2024年初步的財務和運營指導方針。下面是此方針的摘要以及更新的2024年度指導方針,表示我們的產量預測的中點下降了15%,原因是受本年度產量水平的影響。
The first half of our 2024 capital program has progressed as planned, with four wells in the program successfully drilled and cased, including two Cascadura development wells and two legacy property crude oil wells. Road and pipeline construction to tie-in the two Cascadura development wells to our natural gas facility is progressing and we continue to expect initial production from the two wells prior to the end of September 2024.
我們2024年度資本計劃的前半段按計劃進行,包括在計劃中成功鑽井並套管的四口井,包括兩口Cascadura開發井和兩口舊油田原油井。與我們的天然氣設施連接兩個Cascadura開發井的道路和管道施工正在進行中,我們仍然期望在2024年9月底之前從這兩口井實現初期生產。
Our original capital guidance in the fourth quarter of 2024 contemplated drilling one Coho development well and one Coho exploration well. In order to focus on the development of our Cascadura field, we have elected to postpone our Coho capital program and drill two additional Cascadura development wells from the Cascadura B site. We expect to commence Cascadura drilling operations during the fourth quarter of 2024 after site preparations are complete and the drilling rig has been mobilized from our Cascadura C site. As such, our 2024 capital budget has been revised from $33 million to $35 million to accommodate increased estimated Cascadura facility tie-in expenditures and the construction of the Cascadura B drilling pad. Similar to our original Coho well production guidance, associated production from the two additional Cascadura development wells is expected to commence in the first quarter of 2025 pending successful drilling, completion and tie-in operations.
我們最初的2024年度資本方針在2024年第四季度考慮鑽探一口Coho開發井和一口Coho探井。爲了集中精力開發我們的Cascadura油田,我們選擇推遲我們的Coho資本計劃並從Cascadura B區域鑽探兩口另外的Cascadura開發井。我們期望在Cascadura C區域的準備工作完成並從那裏組裝鑽機後,在2024年第四季度開始Cascadura鑽井作業。因此,我們的2024年度資本預算已從3300萬美元調整至3500萬美元,以適應預計的所需的Cascadura設施連接支出以及Cascadura B鑽井井位的建設。類似於我們最初的Coho井產量預測,期望的兩口附加Cascadura開發井的產量預計將於2025年第一季度開始,前提是鑽井、完工和連接作業順利完成。
Our year-to-date 2024 Cascadura field production has experienced higher declines than anticipated in our preliminary 2024 guidance. Accordingly, we have revised our midpoint forecasted 2024 average production from 9,400 boe/d to 8,000 boe/d, in addition to revising our 2024 exit production rate from 14,500 boe/d to 13,500 boe/d. The material forecasted 2024 production increase continues to be weighted to the fourth quarter of 2024 based on anticipated initial production from our two recently drilled Cascadura development wells, which have been forecasted based on the actual Cascadura-1ST1 type curve.
我們截至目前的2024年度Cascadura油田產量下降比我們的初步2024年度指導方針預期的要高。因此,我們將2024年的預測平均產量的中點從9,400桶/日修訂爲8,000桶/日,同時將我們的2024年度退出產量率從14,500桶/日修訂爲13,500桶/日。基於實際的Cascadura-1ST1類型曲線進行預測,預測的2024年度產量增長仍然主要集中在2024年第四季度。
Based on forecasted average mid-point production of 8,000 boe/d and updates to both our 2024 average Brent crude oil price and percent realized discount to Brent benchmark pricing, we now expect to generate approximately $28 million in funds flow from operations compared to our previous forecast of $32 million. Our annual funds flow from operations includes an estimated $1.5 million in transaction costs from the proposed acquisition of Trinity Exploration and Production Plc, which were not incorporated into our previous guidance. In combination with the revision to our 2024 capital program, we have revised our year-end 2024 net debt guidance to $28 million, representing a 12 percent increase from previous guidance.
根據預測的平均產量8000桶/日和我們對2024年Brent原油均價以及實現Brent基準定價折扣的百分比的更新,我們現在預計,資金運營將產生約2800萬美元,而不是我們先前的3200萬美元的預測。我們年度資金流量從經營活動中的預計包括擬議中收購Trinity Exploration 和 Production Plc的交易費用約150萬美元,這些費用未被納入我們先前的預測中。結合我們2024年資本計劃的修正,我們已將2024年底淨債務引導下修正爲2800萬美元,比先前的指導增長了12%。
2024 Updated Guidance Summary
2024年更新的指導摘要
Variance |
||||||||||||||||
Annual Guidance Summary(1)
|
Updated Guidance |
Previous Guidance(2 |
Amount |
% |
||||||||||||
Capital expenditures(3) ($000's)
|
35,000 |
33,000 |
2,000 |
6 |
||||||||||||
Average daily production (boe/d) |
7,700 to |
9,100 to |
||||||||||||||
% natural gas |
82% | 82% | ||||||||||||||
% crude oil and liquids |
18% | 18% | ||||||||||||||
Average Brent crude oil price ($/bbl)
|
82.00 |
75.00 |
7.00 |
9 |
||||||||||||
% realized discount to Brent price |
16% | 18% | (2) | (11) | ||||||||||||
Funds flow from operations(4) ($000's)
|
28,000 |
32,000 |
(4,000) | (13) | ||||||||||||
Net debt - end of year(3)(4) ($000's)
|
28,000 |
25,000 |
3,000 |
12 |
漲跌 |
||||||||||||||||
年度指導摘要(1) |
更新指引 |
先前的指導(2 |
數量 |
% |
||||||||||||
資本支出(3)($000) |
35,000 |
33,000 |
2,000 |
6 |
||||||||||||
日均產量(BOE/D) |
7700至 |
9100至 |
||||||||||||||
%天然氣 |
82% | 82% | ||||||||||||||
%WTI原油和液體 |
18% | 18% | ||||||||||||||
Brent原油平均價格(每桶$) |
82.00 |
75.00 |
在2022年8月,AmpliTech Group的True G Speed Services(AGTGSS)部門成立,以爲電信業界提供完整的系統集成和符合ORAN標準的O-RU(無線電單元)爲目標,從而實現「真正的5G速度」。AGTGSS提供管理服務、網絡安全、雲服務、數據科學和電信雲服務。AGTGSS還將爲私人5G網絡(P5G)提供全面的安裝服務,其中包括部署AmpliTech Group開發的無線電單元。AGTGSS將在這些系統中實現AmpliTech的低噪聲放大器器件,以實現更大的覆蓋範圍、更長的距離和更快的速度。 |
9 |
||||||||||||
實現的折扣與Brent價格(%) |
16% | 18% | (2) | (11) | ||||||||||||
資金運營資金(4)($000) |
28,000 |
32,000 |
(4,000) | (13) | ||||||||||||
年末淨債務(3)(4)($000) |
28,000 |
25,000 |
3,000 |
12 |
Notes:
注意:
Forward-looking statement representing Management estimates. Additional information regarding the assumptions used are provided in the "Advisories - Assumptions for Updated 2024 Guidance" section herein.
As announced on December 19, 2023.
Non-GAAP financial measure. See the "Advisories - Non-GAAP Financial Measures" section herein for further information.
The financial performance measures provided in the Company's updated 2024 guidance are based on the midpoint of the average production forecast, being 8,000 boe/d (formerly (9,400 boe/d).
代表管理估計的前瞻性聲明。有關所使用假設的其他信息提供在此處的「公告 - 更新2024年指導的假設」部分。
正如2023年12月19日宣佈的那樣。
非一般公認會計准則的財務衡量標準。更多信息請參見此處的「非一般公認會計准則財務衡量標準」部分.
公司更新2024年指導的財務績效指標是基於平均產量預測的中點,即8000 BOE/D(原來是9400 BOE/D)。
Touchstone Exploration Inc.
Touchstone Exploration Inc.爲總部位於阿爾伯塔省卡爾加里的公司,從事收購石油和天然氣權益、勘探開發、生產及銷售石油和天然氣的業務。Touchstone目前在特立尼達和多巴哥共和國的陸地產權活躍。該公司的普通股在多倫多證券交易所和倫敦證券交易所的AIM市場上交易,股票代碼爲「TSX」。
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 or contact:
Touchstone Exploration Inc.是一家總部位於加拿大卡爾加里的公司,從事石油和天然氣權益的收購以及石油和天然氣的勘探、開發、生產和銷售業務。Touchstone目前在特立尼達和多巴哥共和國的陸上物業中活躍。公司的普通股在多倫多證券交易所和倫敦證券交易所的AIM市場上交易,股票代碼爲「TXP」。有關Touchstone的更多信息,請訪問我們的網站 或聯繫:
Mr. Paul Baay, President and Chief Executive Officer
Mr. Scott Budau, Chief Financial Officer
Mr. Brian Hollingshead, Executive Vice President Engineering and Business Development
保羅·拜,總裁兼首席執行官先生
Scott Budau先生,致富金融(臨時代碼)官員
布賴恩·霍林斯海德先生,執行副總裁工程與業務發展
Advisories
提示信息
Forward-looking Statements
前瞻性聲明
The information provided in this news release contains certain 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 "expect", "plan", "anticipate", "believe", "intend", "maintain", "continue to", "pursue", "design", "result in", "sustain" "estimate", "potential", "growth", "near-term", "long-term", "forecast", "contingent" and similar expressions, or are events or conditions that "will", "would", "may", "could" or "should" occur or be achieved. The forward-looking statements contained in this news release speak only as of the date hereof and are expressly qualified by this cautionary statement.
本新聞稿中提供的信息包含某些前瞻性聲明和信息(統稱爲「前瞻性聲明」),這些前瞻性聲明適用於適用證券法律的意義下,包括,但不限於,預測、估計、期望和未來操作的目標,這些前瞻性聲明受假設、風險和不確定性的影響,其中,許多超出公司的控制。前瞻性聲明是指不是歷史事實的陳述,通常但並非總是通過「預計」、「計劃」、「期望」、「相信」、「打算」、「維護」、「繼續」、「追求」、「設計」、「實現」、「維持」、「估計」、「潛力」、「增長」、「短期」、「長期」、「預測」、「有條件的」、「持續」等表達方式,或是「將」、「應」、「可能」、「可能」、「應」該”出現或實現。本新聞稿中載明的前瞻性聲明僅於此發佈時點發表,並受到此警示聲明的明確限制。
Specifically, this news release includes, but is not limited to, forward-looking statements relating to: the Company's business plans, strategies, priorities and development plans; the focus of Touchstone's remaining 2024 capital plan, including pursuing developmental drilling activities and optimizing existing natural gas and liquids infrastructure capacity; anticipated 2024 annual average and exit production and production by commodity; forecasted production decline rates; anticipated developmental drilling activities, including locations, the timing thereof and related production and cash flows therefrom; anticipated 2024 capital expenditures including estimations of costs and inflation incorporated therein; anticipated timing of well tie-in operations, well completion activities and production coming online; forecasted 2024 average Brent reference price and the Company's budgeted realized price in relation thereto; forecasted royalty, operating, general and administration, cash finance, income tax expenses and transaction costs; anticipated funds flow from operations and net debt; and Touchstone's current and future financial position, including the sufficiency of resources to fund future capital expenditures and maintain financial liquidity. The Company's actual decisions, activities, results, performance, or achievement could differ materially from those expressed in, or implied by, such forward-looking statements and accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur or, if any of them do, what benefits that Touchstone will derive from them.
具體而言,本新聞稿包括但不限於與以下有關的前瞻性聲明:公司的業務計劃、策略、重點和發展計劃;Touchstone 2024年剩餘資本計劃的重點,包括進行發展性鑽井活動和優化現有天然氣 與液體基礎設施能力;預期2024年度平均和退出產量以及商品產量;預測的產量下降率;預期的發展性鑽井活動,包括位置,其時間和相關的產量和現金流;預期的2024年資本支出,包括納入其中的成本和通貨膨脹的估計值;預期的井口聯接作業時間、完井作業及產量上線;2024年預測的平均布倫特參考價格和相關的公司預算實現價格;預期的版稅、運營、一般和行政、現金財務、所得稅費用和交易費用;預期的資金運營資金和淨債務;以及Touchstone 當前和未來的財務狀況,包括資金支出、維持財務流動性等問題的資源是否充足。公司的實際決策、活動、業績或成就可能會與這些前瞻性聲明中表達的情況存在重大差異或有類似的隱含風險和假設,並且因此,不能保證任何前瞻性聲明中所述事件都將出現或實現,或是如果出現或實現,Touchstone 將從中獲得什麼收益。
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 2023 Annual Information Form dated March 20, 2024 which is available under the Company's profile on SEDAR+ () and on the Company's website (). The forward-looking statements contained in this news release are made as of the date hereof, and except as may be required by applicable securities laws, the Company assumes no obligation or intent to update publicly or revise any forward-looking statements made herein or otherwise, whether as a result of new information, future events or otherwise.
儘管公司認爲前瞻性陳述所依據的預期和假設是合理的,但不應過分依賴前瞻性陳述,因爲公司無法保證它們將被證明是正確的。由於前瞻性陳述涉及未來事件和情況,因其本質而言,它們涉及固有的風險和不確定性。由於多種因素和風險,實際結果可能與目前預期的結果存在實質性差異。其中某些風險將在公司2023年3月20日的《 2023 年度信息表》中更詳細地列出,該表可在 SEDAR+() 上的公司簡介和 () 上的公司網站獲取。本新聞稿中包含的前瞻性陳述均以發稿日期爲準,除適用的證券法律法規要求外,本公司無義務或意圖公開更新或修訂在此或其他任何前瞻性陳述,無論是出於新信息、未來事件或其他原因。
This news release contains future-oriented financial information and financial outlook information (collectively, "FOFI") about Touchstone's prospective results of operations and production included in its updated 2024 guidance, all of which are subject to the same assumptions, risk factors, limitations, and qualifications as set forth in the paragraphs above. The FOFI contained in this news release was approved by Management as of the date of this news release and was provided for the purpose of providing further information about Touchstone's future business operations. This information has been provided for illustration only and, with respect to future periods, is based on budgets and forecasts that are speculative and are subject to a variety of contingencies and may not be appropriate for other purposes. Touchstone and its Management believe that FOFI has been prepared on a reasonable basis, reflecting Management's best estimates and judgments, and represents, to the best of Management's knowledge and opinion, the Company's expected course of action. However, because this information is highly subjective, it should not be relied on as necessarily indicative of future results. Touchstone disclaims any intention or obligation to update or revise any FOFI contained herein, whether as a result of new information, future events or otherwise, unless required pursuant to applicable law. Readers are cautioned that the FOFI contained herein should not be used for purposes other than for which it is disclosed herein, and the financial outlook information contained herein is not conclusive and is subject to change. Variations in forecasted crude oil and liquids prices, differences in the amount and timing of capital expenditures, and variances in average production estimates and decline rates can have a significant impact on the key performance measures included in the guidance disclosed herein. Management does not have firm commitments for all of the costs, expenditures, prices or other financial assumptions used to prepare the financial outlook or assurance that such operating results will be achieved and, accordingly, the complete financial effects of the forecasted costs, expenditures, prices and operating results are not objectively determinable. The actual results of the Company's operations and the resulting financial results will vary from the amounts set forth in this news release and such variations may be material.
本新聞稿包含有關Touchstone更新2024年指引中的生產和運營的未來相關財務信息和財務展望信息(統稱「FOFI」), 這些信息受到與以上段落中所述的假設、風險因素、限制和說明相同的限制、限制和資格的約束。本新聞稿中的FOFI已於新聞稿發佈日期獲得管理層批准,其目的是爲了提供Touchstone未來業務運營的更多信息。此信息僅供演示之用,並且對於未來的時間段,在預算和預測的基礎上,這些信息是投機性的,並且受到各種不確定性的影響,並且可能不適用於其他目的。 Touchstone及其管理層認爲,FOFI是以合理的基礎編制的,反映了管理層的最佳估計和判斷,並且據管理層所知和意見,代表了公司的預期行動。然而,由於這些信息高度主觀,不應僅僅作爲未來結果的必然指標。Touchstone否認有意更新或修訂此處所包含的任何FOFI,除非根據適用法律要求。讀者應注意,此處所述的FOFI不應用於本文所披露的其他目的,財務展望信息僅作參考,不是最終結論且可能發生變化。預測原油和液體價格的變化、資本支出的金額和時間的差異以及平均產量估計和衰減率的差異都可能對本指引中包括的關鍵績效指標產生重大影響。管理層無法爲編制財務展望所使用的所有成本、支出、價格或其他金融假設保證堅實承諾並保證其業績的實現,因此,預測的成本、支出、價格和業績的所有財務效果均無法客觀確定。該公司業務的實際結果以及由此產生的財務結果將與本新聞稿中所列金額不同,且這些差異可能具有重大影響。
Non-GAAP Financial Measures
非依照普遍公認會計准則的財務措施
This news release references various non-GAAP financial measures, non-GAAP ratios, capital management measures and supplementary financial measures as such terms are defined in National Instrument 52-112 Non-GAAP and Other Financial Measures Disclosure. Such measures are not recognized measures under Canadian Generally Accepted Accounting Principles ("GAAP") and do not have a standardized meaning prescribed by IFRS Accounting Standards as Issued by the International Accounting Standards Board ("IFRS") and therefore may not be comparable to similar financial measures disclosed by other issuers. Readers are cautioned that the non-GAAP financial measures referred to herein should not be construed as alternatives to, or more meaningful than, measures prescribed by IFRS, and they are not meant to enhance the Company's reported financial performance or position. These are complementary measures that are commonly used in the oil and natural gas industry and by the Company to provide shareholders and potential investors with additional information regarding the Company's performance. Below is a description of the non-GAAP financial measures, non-GAAP ratios, capital management measures and supplementary financial measures disclosed herein.
本新聞稿提到了各種非GAAP財務指標、非GAAP比率、資本管理措施和補充財務指標等術語,如《全國52-112號非GAAP及其他財務指標披露規定》所定義。這些措施不是加拿大通用會計原則(GAAP)下承認的措施,也沒有被國際會計準則委員會(IFRS)發佈的頒佈的會計準則規定,並因此可能無法與其他發行人披露的類似財務措施進行比較。讀者應當注意,此處所提到的非GAAP財務指標不應被理解爲對IFRS規定的措施的替代品,也不應被理解爲比IFRS規定的措施更有意義,這些措施是輔助措施,通常在石油和天然氣行業中用於提供有關公司業績的其他信息。以下是在本處披露的非GAAP財務指標、非GAAP比率、資本管理措施和補充財務指標的描述。
Operating netback
營運淨回報率
Touchstone uses operating netback as a key performance indicator of field results. The Company considers operating netback to be a key measure as it demonstrates Touchstone's profitability relative to current commodity prices and assists Management and investors with evaluating operating results on a historical basis. Operating netback is a non-GAAP financial measure calculated by deducting royalties and operating expenses from petroleum and natural gas sales. The most directly comparable financial measure to operating netback disclosed in the Company's consolidated financial statements is petroleum and natural gas revenue net of royalties. Operating netback per boe is a non-GAAP ratio calculated by dividing the operating netback by total production volumes for the period. Presenting operating netback on a per boe basis allows Management to better analyze performance against prior periods on a comparable basis.
Touchstone使用營業淨收益作爲衡量現場運行結果的關鍵績效指標。公司認爲營業淨收益是一個關鍵衡量指標,因爲它展示了Touchstone與當前商品價格相對的盈利能力,並幫助管理層和投資者評估歷史時期的運營結果。營業淨收益是非GAAP財務指標,是通過將石油和天然氣銷售額減去特許權使用費和營業費用計算出來的。Touchstone在其合併財務報表中披露的最直接可比的財務措施是扣除特許權使用費的石油和天然氣收入淨額。營業淨收益每BOE是一種非GAAP比率,通過將營業淨收益除以該時間段的總生產量計算得出。按BOE營業淨收益的呈現可以幫助管理層更好地分析與之前的時期的運行狀況進行比較。
Capital expenditures
資本支出
Capital expenditures is a non-GAAP financial measure that is calculated as the sum of exploration and evaluation asset expenditures and property, plant and equipment expenditures included in the Company's consolidated statements of cash flows and is most directly comparable to cash used in investing activities. Touchstone considers capital expenditures to be a useful measure of its investment in its existing asset base.
資本支出是一種非GAAP財務指標,其計算方法是將探索和評估資產支出和在公司的現金流量表中包括的財產、設備和用品支出相加,是最直接可比的相當於在公司財務報表中披露的現金投資活動淨現金流。 Touchstone認爲資本支出是評價其現有資產基礎投資的有用指標。
Working capital and net debt
營運資本和淨債務
Working capital and net debt are capital management measures used by Management to monitor the Company's capital structure to evaluate its true debt and liquidity position and to manage capital and liquidity risk. Working capital is calculated by subtracting current liabilities from current assets as they appear on the applicable consolidated balance sheet. Net debt is calculated by summing the Company's working capital and the principal (undiscounted) long-term amount of senior secured debt and is most directly comparable to total liabilities disclosed in the Company's consolidated balance sheets.
營運資本和淨債務是公司管理層用於監測其資本結構以評估其真實債務和流動性狀況以及管理資金和流動性風險的資本管理措施。營運資本是根據適用的合併資產負債表出現的當期資產減去當期負債。淨債務是將公司的營運資本與最高額(未折現)的受擔保的長期債務本金相加的結果,並且最直接可比於公司的合併資產負債表中披露的總負債。
Net debt to funds flow from operations ratio
淨債務流量對所有基金類型的比率
The Company monitors its capital structure using a net debt to funds flow from operations ratio, which is a non-GAAP ratio and a capital management measure calculated as the ratio of the Company's net debt to trailing twelve months funds flow from operations for any given period.
公司使用淨債務對經營現金流的比率作爲資本結構的監控指標,這是一種非GAAP比率和資本管理措施,計算方法是將公司的淨債務除以給定週期的過去12個月的經營現金流。
Supplementary Financial Measures
補充財務測量項目
Realized commodity price per boe - is comprised of petroleum and natural gas sales as determined in accordance with IFRS, divided by the Company's total production volumes for the period.
每BOE實現的商品價格-由按IFRS確定的石油和天然氣銷售額除以該公司該時期總產量計算得出。
Realized crude oil sales per boe, realized NGL sales per boe and realized natural gas sales per boe - are comprised of sales from the respective product type as determined in accordance with IFRS, divided by the Company's total production volumes of the respective product type for the period. Crude oil sales, NGL sales and natural gas sales are components of petroleum and natural gas sales as disclosed on the consolidated statements of net earnings (loss) and comprehensive income (loss).
實現的WTI原油和液體銷售每BOE, 實現的NGL銷售每BOE 和 實現的天然氣銷售每BOE-由按IFRS確定的各自產品類型的銷售額除以該公司該產品類型的總產量計算得出。原油銷售、NGL銷售和天然氣銷售是披露在合併淨收益(損失)和綜合收益(損失)陳述中的石油和天然氣銷售的組成部分。
Realized crude oil and liquids sales per boe - is comprised of the sum of crude oil and NGL product sales as determined in accordance with IFRS, divided by the sum of the Company's total crude oil and NGL production volumes for the period. Crude oil and NGL sales are components of petroleum and natural gas sales.
實現的WTI原油和液體銷售每BOE-由按IFRS確定的原油和NGL產品銷售總和除以該公司該產品總產量的總和計算得出。原油和NGL銷售是披露在石油和天然氣銷售中的組成部分。
Royalties per boe, operating expenses per boe, general and administration expenses per boe and current income tax expense per boe - are comprised of the respective line item on the consolidated statements of net earnings (loss) and comprehensive income (loss) as determined in accordance with IFRS, divided by the Company's total production volumes for the period.
每BOE特許使用費、營業費用、總務及管理費用和當前所得稅費用-分別由按IFRS確定的各自行項目在該公司該時期總產量中的佔比計算而得。
Royalties as a percentage of petroleum and natural gas sales - is comprised of royalties as determined in accordance with IFRS, divided by petroleum and natural gas sales as determined in accordance with IFRS.
特許使用費佔石油和天然氣銷售額的百分比-由按IFRS確定的特許使用費除以按IFRS確定的石油和天然氣銷售額計算而得。
Cash finance expenses per boe - is comprised of cash finance expenses, divided by the Company's total production volumes for the period. Cash finance expenses are calculated as net finance expenses as determined in accordance with IFRS, less accretion on bank debt and accretion on decommissioning obligations, both of which are non-cash in nature.
每BOE現金融資費用-由現金融資費用除以該公司該時期總產量計算而得。現金融資費用的計算方法是按IFRS確定的淨財務費用減去銀行負債的貼現和放棄拆解負債,這兩者都是無形的。
For further information, please refer to the "Advisories - Non-GAAP Financial Measures" section of the Company's most recent Management's discussion and analysis for the three and six months ended June 30, 2024 accompanying our June 30, 2024 unaudited interim condensed consolidated financial statements, both of which will be available on our website () and under our SEDAR+ profile (). Our Management's discussion and analysis includes further discussion of the purpose and composition of the specified non-GAAP financial measures consistently used by the Company and detailed reconciliations to the most directly comparable GAAP measures.
欲了解更多信息,請參閱公司最近發佈的管理討論與分析,涵蓋了截至2024年6月30日的3個和6個月的管理討論與分析,以及2024年6月30日未經審計的中期彙編財務報表內的「通知-非GAAP財務措施」部分,在我們的網站()和我們的SEDAR +配置文件()下都可用。我們的管理討論和分析包括進一步的非GAAP財務指標細節以及與最直接可比的GAAP指標的詳細對賬。
Assumptions for Updated 2024 Guidance
更新的2024指引的假定條件
The significant assumptions used in the forecast of average daily production, funds flow from operations and net debt are summarized below. These key performance measures are based on the midpoint of our updated 2024 average production guidance of 8,000 boe/d.
在預測平均日產量、經營現金流和淨債務方面使用的顯著假設總結如下。這些關鍵績效指標是基於我們更新的2024平均產量指引(8000桶當量/日)的中點計算的。
Production estimates contained herein are expressed as anticipated average production over the calendar 2024 year. All production volumes disclosed herein are based on Company working interest before royalty burdens. In determining anticipated 2024 production, Touchstone considered historical drilling, completion, production results and decline rates for prior years and the year-to-date 2024 period and considered the estimated impact on production of the Company's remaining 2024 expected drilling and completion activities.
本處披露的產量估計是以預計2024年日均產量的形式表達的。此處披露的所有產量均基於特許權負擔之前的公司工作權益。在確定2024年預期產量時,Touchstone考慮了過去幾年和2024年度截至目前的鑽井、完井、產量結果和衰減率,並考慮了公司剩餘的2024年預期鑽井和完井活動對產量的估計影響。
Touchstone expects that approximately 14 percent of its midpoint average production guidance will be comprised of crude oil, 4 percent NGLs, and 82 percent conventional natural gas. See the "Advisories - Product Type Disclosures" section herein for further information.
Touchstone預計其中點平均產量指引約有14%是由原油、4%是來自NGL,而其他82%是由傳統天然氣組成的。有關詳情請參見本處的「產品類型披露-通知」。
Variance |
||||||||||||||||||
Annual Financial Guidance(1)
|
Units |
Updated Guidance |
Previous Guidance(2) |
Amount |
% |
|||||||||||||
Realized commodity price(2)
|
$/boe |
24.50 |
23.10 |
1.40 |
6 |
|||||||||||||
Expenses |
||||||||||||||||||
Royalties as a % of petroleum and natural gas sales(2)
|
% |
21.5 |
19.5 |
2.0 |
10 |
|||||||||||||
Operating expenses(2)
|
$/boe |
3.80 |
3.50 |
0.30 |
9 |
|||||||||||||
General and administration expenses(2)
|
$/boe |
3.40 |
3.10 |
0.30 |
10 |
|||||||||||||
Cash finance expenses(2)
|
$/boe |
1.00 |
1.00 |
- |
- |
|||||||||||||
Current income tax expenses(2)
|
$/boe |
1.20 |
1.80 |
(0.60 |
) |
(33) | ||||||||||||
Transaction costs |
$000's |
1,500 |
- |
1,500 |
n/a |
漲跌 |
||||||||||||||||||
年度財務指引(1) |
單位 |
更新指引 |
舊版指南(2) |
數量 |
% |
|||||||||||||
商品實現價格(2) |
燃料幣/桶油當量 |
24.50 |
23.10 |
1.40 |
6 |
|||||||||||||
費用 |
||||||||||||||||||
石油股和天然氣銷售的版稅百分比(2) |
% |
21.5 |
19.5 |
2.0 |
10 |
|||||||||||||
營業費用(2) |
燃料幣/桶油當量 |
3.80 |
3.50 |
0.30 |
9 |
|||||||||||||
總務及行政費用(2) |
燃料幣/桶油當量 |
3.40 |
3.10 |
0.30 |
10 |
|||||||||||||
現金財務費用(2) |
燃料幣/桶油當量 |
1.00 |
1.00 |
- |
- |
|||||||||||||
本期所得稅費用(2) |
燃料幣/桶油當量 |
1.20 |
1.80 |
(0.60 |
) |
(33) | ||||||||||||
交易費用 |
千美元 |
1,500 |
- |
1,500 |
不適用 |
Notes:
注意:
The financial performance measures included in the Company's updated 2024 guidance are based on the midpoint of the average production forecast, being 8,000 boe/d (formerly (9,400 boe/d).
Non-GAAP financial measure. See the "Advisories - Non-GAAP Financial Measures" section herein for further information.
本公司更新的2024年指南中包含的財務業績衡量標準基於平均產量預測的中點,爲8,000桶/日(原爲9,400桶/日).
非一般公認會計准則的財務衡量標準。更多信息請參見此處的「非一般公認會計准則財務衡量標準」部分.
Variations in forecasted crude oil and liquids prices, differences in the amount and timing of capital expenditures, and variances in average production estimates and decline rates can have a significant impact on the key performance measures included in the guidance disclosed herein. The actual results of the Company's operations and the resulting financial results will vary from the amounts set forth in this news release and such variations may be material.
預測WTI原油和液體價格的變化、 Capital expenditures的數量和時間差異以及平均產量估計和下降率的差異對此處披露的指南中包含的關鍵業績衡量標準可能會產生重大影響。公司經營和因此導致的財務結果的實際結果將與本新聞發佈中的金額有所不同,而這些變化可能是實質性的。
Using the midpoint of the Company's updated production guidance and holding all other assumptions constant, a $5/bbl increase (decrease) in the forecasted average Brent crude oil price for the second half of 2024 would increase funds flow from operations by approximately $620,000 (decrease by $710,000). Assuming capital expenditures are unchanged, the impact on funds flow from operations is estimated to result in an equivalent decrease (increase) in forecasted year end 2024 net debt.
在採用公司更新的生產指南的中點並持有所有其他假設不變的情況下, WTI原油價格預測2024年後半年每桶漲價(降價)$5將使資金流入運營費用約增加$620,000(下降$710,000)。假設資本支出不變,資金流入運營費用的影響估計將導致預測2024年年底淨債務的等價減少(增加).
Oil and Natural Gas Measures
石油和天然氣措施
Where applicable, natural gas has been converted to barrels of oil equivalent (boe) based on six thousand cubic feet (Mcf) to one barrel (bbl) of oil. The barrel of oil equivalent rate is based on an energy equivalent conversion method primarily applicable at the burner tip and given that the value ratio based on the current price of crude oil as compared to natural gas is significantly different than the energy equivalency of the 6:1 conversion ratio, utilizing the 6:1 conversion ratio may be misleading as an indication of value. This conversion factor is an industry accepted norm and is not based on either energy content or prices.
如適用,天然氣已按照每6000立方英尺(Mcf)可轉換爲1桶(bbl)油的比率換算成桶油當量(boe)。油當量率基於一個能量當量轉換方法,主要適用於燃燒點,並且鑑於目前原油價格與天然氣價格的價值比基本相差很大,使用6:1的換算比率可能會誤導價值判斷。這個轉換因子是一個業內公認的標準,既不基於能量含量也不基於價格。
Product Type Disclosures
產品類型披露
This news release includes references to crude oil, NGLs, crude oil and liquids, natural gas, and average daily production volumes. Under National Instrument 51-101 - Standards of Disclosure for Oil and Gas Activities ("NI 51-101"), disclosure of production volumes should include segmentation by product type as defined in the instrument. In this news release, references to "crude oil" refer to "light crude oil and medium crude oil" and "heavy crude oil" combined product types; references to "NGLs" refer to condensate; and references to "natural gas" refer to the "conventional natural gas" product type, all as defined in the instrument. In addition, references to "crude oil and liquids" herein include crude oil and NGLs.
本新聞發佈包括對WTI原油,天然氣液體以及平均每日產量的引用。根據國家標準51-101號-石油和天然氣活動披露標準(「NI 51-101」),產量應該分產品類型在披露中。在本新聞發佈中,「crude oil」的引用是指「輕質原油和中質原油」和「重質原油」的綜合產品類型;「NGLs」的引用是指「凝析油」;而「natural gas」的引用是指「常規天然氣」產品類型,均根據該標準定義。此外,此處引用的「原油和液體」包括原油及NGLs。
For information regarding specific product disclosures in accordance with NI 51-101, please refer to the "Advisories - Product Type Disclosures" section in the Company's most recent Management's discussion and analysis for the three and six months ended June 30, 2024 accompanying our June 30, 2024 unaudited interim condensed consolidated financial statements, both of which will be available on our website () and under our SEDAR+ profile ().
有關根據NI 51-101規定的特定產品披露信息,請參見公司最近的三個月和六個月截至2024年6月30日的管理討論與分析附帶其未經審計的期末未經審計合併財務報表,這兩份文件將會以 PDF 格式在公司的網站 () 和 SEDAR+檔案文件下()上提供。
Abbreviations
縮略語
The following abbreviations are referenced in this news release:
本新聞發佈中使用到以下縮寫:
bbls(s) |
barrel(s) |
bbls/d |
barrels per day |
boe |
barrels of oil equivalent |
boe/d |
barrels of oil equivalent per day |
Mcf |
thousand cubic feet |
Mcf/d |
thousand cubic feet per day |
MMcf |
million cubic feet |
MMcf/d |
million cubic feet per day |
NGL(s) |
natural gas liquid(s) |
桶(個) |
桶 |
桶/日 |
每天桶數 |
石油當量桶(參見下面的換算聲明) |
石油當量桶 |
石油當量桶每天 |
等價石油每日的桶數 |
百萬立方英尺 |
千立方英尺 |
每天千立方英尺 |
一千立方英尺每天 |
百萬立方英尺 |
百萬立方英尺 |
百萬立方英尺/天 |
日均百萬立方英尺 |
天然氣液體 |
天然氣液體 |
SOURCE: Touchstone Exploration, Inc.
來源:Touchstone Exploration,Inc。