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  5. Touchstone Acquires STCBL

M&A Deal Summary

Touchstone Acquires STCBL

On December 13, 2024, Touchstone acquired oil/gas exploration company STCBL for 23M USD

Acquisition Highlights
  • This is Touchstone’s 3rd transaction in the Oil/Gas Exploration sector.
  • This is Touchstone’s 2nd largest (disclosed) transaction.
  • This is Touchstone’s 2nd transaction in Trinidad and Tobago.

M&A Deal Summary
Date 2024-12-13
Target STCBL
Sector Oil/Gas Exploration
Buyer(s) Touchstone
Deal Type Add-on Acquisition
Deal Value 23M USD

Target

STCBL

Trinidad and Tobago
STCBL is a party to natural gas sales contracts for the Central block asset, providing access to both local and LNG world gas market pricing. STCBL is based in Trinidad and Tobago.

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Buyer(S) 1

Buyer

Touchstone

Calgary, Alberta, Canada
Category Company
Founded 2012
Sector Oil/Gas Exploration
Employees92
Revenue 58M USD (2024)
DESCRIPTION

Touchstone is an oil and gas exploration, development, and production company with operations in Trinidad and Tobago, and Western Canada. Touchstone was founded in 2012 and is based in Calgary, Alberta.

DEAL STATS #
Overall 3 of 3
Sector: Oil/Gas Exploration M&A 3 of 3
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Trinidad and Tobago M&A 2 of 2
Year: 2024 M&A 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-07 Petrobank Energy Resources

Calgary, Alberta, Canada

Petrobank Energy Resources Ltd. is an oil/gas exploration company. Petrobank targets on developing a solid production platform from the Bakken light oil play in the southeast Saskatchewan and exploiting a large undeveloped land base through the application of new technology to a large oil and gas resource oppurtunity.

Buy $52M
Mergr

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