Transcript
Page 1: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

TOUCHSTONE EXPLORATION INC.

COMPETENT PERSON'S REPORT

Effective December 31, 2016

1171277

Page: 1 of 71

Page 2: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

Page: 2 of 71

COMPETENT PERSON'S REPORT

TABLE OF CONTENTS

Page

INDEPENDENT PETROLEUM CONSULTANTS' CONSENT 3

INTRODUCTION 4

COVERING LETTER 6

SUMMARY 17

RESERVES DEFINITIONS 32

EVALUATION PROCEDURE 36

PRODUCT PRICE AND MARKET FORECASTS 47

AFTER TAX ANALYSIS 51

APPENDIX ICertificates of Qualification 55

APPENDIX IIMap 1 Barrackpore Property Map 62Map 2 Coora Property Map 63Map 3 Fyzabad Property Map 64Map 4 New Dome Property Map 65Map 5 New Dome Property Map 66Map 6 Palo Seco Property Map 67Map 7 San Francique Property Map 68Map 8 South Palo Seco Property Map 69Map 9 WD-4 Property Map 70Map 10 WD-8 Property Map 71

May 19, 2017 09:56:21

Page 3: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

INDEPENDENT PETROLEU The undersigned firm of Independent Petroleum Consultants of Calgary, Alberta, Canada has prepared an independent evaluation of the Touchstone Exploration Inc.hereby gives consent to the use of its name and to the said estimates. The effective date of the evaluation is December 31, 2016. In the course of the evaluation, the Companyinformation which included land data, well information, geological information, reservoir studies, estimates of on-stream dates, contract information, current hydrocarbon product prices, operating cost data, capital budget forecasts, financial data and futconfirming that all information provided to GLJ Petroleum Consultants Ltd. is correct and complete to the best of its knowledge. Procedures recommended in the Canadian Oil and Gas Evaluaverify certain interests and financial information were applied in this evaluation. In applying these procedures and tests, nothing came to GLJ Petroleum Consultants Ltd.’s attention that would suggest that information provided by the Company was not complete and accurate. GLJ Petroleum Consultants Ltd. reserves the right to review all calculations referred to or included in this report and to revise the estimates in light of erroneous data supplied or information existing but not mapreparation of this report. The accuracy of any reserves and production estimate is a function of the quality and quantity of available data and of engineering interpretation and judgment. While reserves considered reasonable, the estimates should be accepted with the understanding that reservoir performance subsequent to the date of the estimate may justify revision, either upward or downward. Revenue projections presented in this report are based in part on forecasts of market prices, currency exchange rates, inflation, market demand and government policy which are subject to many uncertainties and may, in future, differ materially from the forecasts utilizedreport do not necessarily represent the fair market value of the reserves evaluated herein.

PERMIT TO PRACTICEGLJ PETROLEUM CONSULTANTS LTD.

Signature: Date: March 17, 2017

PERMIT NUMBER: P The Association of Professional Engineers and Geoscientists of Alberta

INDEPENDENT PETROLEU M CONSULTANTS’ CONSENT

The undersigned firm of Independent Petroleum Consultants of Calgary, Alberta, Canada has prepared an Touchstone Exploration Inc. (the “Company”) International

hereby gives consent to the use of its name and to the said estimates. The effective date of the evaluation is

the Company provided GLJ Petroleum Consultants Ltd. personnel with basic information which included land data, well information, geological information, reservoir studies, estimates of

stream dates, contract information, current hydrocarbon product prices, operating cost data, capital budget forecasts, financial data and future operating plans. The Company has provided a representation letter confirming that all information provided to GLJ Petroleum Consultants Ltd. is correct and complete to the best of its knowledge. Procedures recommended in the Canadian Oil and Gas Evaluation (COGE) Handbook to verify certain interests and financial information were applied in this evaluation. In applying these procedures and tests, nothing came to GLJ Petroleum Consultants Ltd.’s attention that would suggest that information

was not complete and accurate. GLJ Petroleum Consultants Ltd. reserves the right to review all calculations referred to or included in this report and to revise the estimates in light of erroneous data supplied or information existing but not made available which becomes known subsequent to the

The accuracy of any reserves and production estimate is a function of the quality and quantity of available data and of engineering interpretation and judgment. While reserves and production estimates presented herein are considered reasonable, the estimates should be accepted with the understanding that reservoir performance subsequent to the date of the estimate may justify revision, either upward or downward.

ions presented in this report are based in part on forecasts of market prices, currency exchange rates, inflation, market demand and government policy which are subject to many uncertainties and may, in future, differ materially from the forecasts utilized herein. Present values of revenues documented in this report do not necessarily represent the fair market value of the reserves evaluated herein.

PERMIT TO PRACTICE GLJ PETROLEUM CONSULTANTS LTD.

PERMIT NUMBER: P 2066 The Association of Professional Engineers

and Geoscientists of Alberta

NT

The undersigned firm of Independent Petroleum Consultants of Calgary, Alberta, Canada has prepared an International oil properties and

hereby gives consent to the use of its name and to the said estimates. The effective date of the evaluation is

provided GLJ Petroleum Consultants Ltd. personnel with basic information which included land data, well information, geological information, reservoir studies, estimates of

stream dates, contract information, current hydrocarbon product prices, operating cost data, capital budget has provided a representation letter

confirming that all information provided to GLJ Petroleum Consultants Ltd. is correct and complete to the best tion (COGE) Handbook to

verify certain interests and financial information were applied in this evaluation. In applying these procedures and tests, nothing came to GLJ Petroleum Consultants Ltd.’s attention that would suggest that information

was not complete and accurate. GLJ Petroleum Consultants Ltd. reserves the right to review all calculations referred to or included in this report and to revise the estimates in light of erroneous

de available which becomes known subsequent to the

The accuracy of any reserves and production estimate is a function of the quality and quantity of available data and production estimates presented herein are

considered reasonable, the estimates should be accepted with the understanding that reservoir performance subsequent to the date of the estimate may justify revision, either upward or downward.

ions presented in this report are based in part on forecasts of market prices, currency exchange rates, inflation, market demand and government policy which are subject to many uncertainties and may, in

herein. Present values of revenues documented in this report do not necessarily represent the fair market value of the reserves evaluated herein.

Page: 3 of 71

Page 4: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

INTRODUCTION

GLJ Petroleum Consultants (GLJ) was commissioned by Touchstone Exploration Inc. (the

“Company”) to prepare an independent evaluation of its International oil reserves effective

December 31, 2016. The locations of the most significant reserves properties are indicated on the

attached index map.

The evaluation was initiated in December 2016 and completed by March 2017. Estimates of

reserves and projections of production were generally prepared using well information and

production data available from the Company to approximately December 31, 2016. The

Company provided land, accounting data and other technical information not available in the

public domain to approximately December 31, 2016. In certain instances, the Company also

provided recent engineering, geological and other information up to December 31, 2016. The

Company has confirmed that, to the best of its knowledge, all information provided to GLJ is

correct and complete as of the effective date.

This evaluation has been prepared in accordance with procedures and standards contained in the

Canadian Oil and Gas Evaluation (COGE) Handbook and Petroleum Resources Management

System (SPE PRMS) as prepared by the Society of Petroleum Engineers (SPE). The reserves

definitions used in preparing this report (included herein under “Reserves Definitions”) are those

contained in the PRMS, COGE Handbook and the Canadian Securities Administrators National

Instrument 51-101 (NI 51-101).

The evaluation was conducted on the basis of the GLJ January 1, 2017 Price Forecast which is

summarized in the Product Price and Market Forecasts section of this report.

Tables summarizing production, royalties, costs, revenue projections, reserves and present value

estimates for various reserves categories for individual properties and the Company total are

provided in the tabbed sections of this Summary Report.

The Evaluation Procedure section outlines general procedures used in preparing this evaluation. The

individual property reports, provided under separate cover, provide additional evaluation details.

The following summarizes evaluation matters that have been included/excluded in cash flow

projections:

• in accordance with NI 51-101, the effect on projected revenues of the Company’s

financial hedging activity has not been included,

Page: 4 of 71

Page 5: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

• provisions for the abandonment and reclamation of all of the Company’s existing and

future wells to which reserves have been attributed have been included; all other

abandonment and reclamation costs have not been included,

• general and administrative (G&A) costs and overhead recovery have not been included,

• undeveloped land values have not been included.

The preparation of an evaluation requires the use of judgment in applying the standards and

definitions contained in the PRMS and the COGE Handbook and NI 51-101. GLJ has applied

those standards and definitions based on its experience and knowledge of industry practice.

While GLJ believes that the reserves data set forth in this evaluation have, in all material

respects, been determined and are in accordance with PRMS and the COGE Handbook, because

the application of the standards and definitions contained in PRMS, the COGE Handbook and NI

51-101 require the use of judgment there is no assurance that the applicable securities

regulator(s) will not take a different view as to some of the determinations in the evaluation.

Page: 5 of 71

Page 6: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

May 19, 2017 Project 1171277 Mr. James Shipka Touchstone Exploration Inc. 4100, 350 - 7 Avenue SW Calgary, Alberta T2P 3W9 Shore Capital and Corporate Ltd. Suite 1400, Bond Street House 14 Clifford Street London, England W1S 4JU Dear Sirs: Re: Touchstone Exploration Inc. Competent Persons Report (CPR) Effective December 31, 2016 GLJ Petroleum Consultants (GLJ) has completed an independent reserves assessment and evaluation of the onshore producing Trinidad oil properties of Touchstone Exploration Inc. (the “Company”). This report has been prepared in preparation for the admission of the Company’s issued and to be issued share capital to the AIM market of London Stock Exchange Plc. This CPR was prepared in compliance with the “AIM note for Mining, Oil and Gas Companies, June 2009”, as published by the London Stock Exchange. The effective date of this evaluation is December 31, 2016. This evaluation has been prepared in accordance with reserves definitions, standards and procedures contained in the 2011 Petroleum Resources Management System (as defined by the Society of Petroleum Engineers, American Association of Petroleum Geologists, World Petroleum Council and the Society of Petroleum Evaluation Engineers). In addition, this evaluation was also prepared to meet disclosure requirements in accordance with procedures as outlined in the Canadian Securities Administrators document, National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities (NI 51-101).

4100, 400 – 3rd Ave SW Calgary, AB, Canada T2P 4H2 | tel 403-266-9500 | gljpc.com

Page 7: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

In preparation of this report, GLJ has received customary fees associated with the preparation of the reserves evaluation report. However, neither GLJ Petroleum Consultants Ltd. nor any of its directors, staff or sub-consultants who contributed to the report has any interest in the Company, its subsidiaries, or any of its assets or securities (including the common shares). Our fees are not linked to the admission of the shares to trading on the Exchange or the value of the Company. Additionally, GLJ confirms that we:

• are professionally qualified and members in good standing of a self-regulating organization of engineers and geoscientists;

• have at least 5 years of experience directly relevant to the estimation, assessment and evaluation of oil and gas reserves and resources;

• are independent of the Company, it’s directors, senior management and advisers; • will receive a fee for the preparation of the report in accordance with normal professional consulting

practice. This fee is not contingent on the admission of the Company to AIM, or value of the Comapny and we will receive no other benefit;

• are not a sole practitioner; • have the relevant and appropriate qualifications, experience and technical knowledge to appraise

professionally and independently the oil and gas assets owned by the Company; • consider that the scope of the report is appropriate and includes and discloses all information required to

be included therein and was prepared in accordance with the Guidance Note for Mining, Oil & Gas Companies issued by London Stock Exchange plc in June 2009.

It was GLJ’s primary mandate in this evaluation to provide an independent evaluation of the oil and gas reserves of the Company in aggregate. Accordingly it may not be appropriate to extract individual property or entity estimates for other purposes. Our engagement letter notes these limitations on the use of this report. The reserves estimates included in this CPR are based on production information as provided by the Company, as of December 31, 2016. The Company provided GLJ with certain geological, geophysical, economic (including lease operating statements and capital cost estimates) and engineering information used in evaluating the Company’s assets. In the preparation of reserves estimates for the Company, a site visit was not deemed to be necessary; as such no site visit was conducted by GLJ. The Company has confirmed that to their knowledge, no material change of circumstances or information would have a significant impact on the reserves contained herein.

Page 2

Page 8: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

Reserves attributable to the proved producing, total proved, total proved plus probable categories and total proved plus probable plus possible categories were assigned as of the effective date. All the Company’s properties that have production or have shown potential for production have been assessed reserves. Contingent and/or prospective resources have not been estimated as part of this report. To evaluate contingent and/or prospective resources, the Company would be required to collect and make available additional data to GLJ. GLJ cannot currently give an indication as to the size or materiality of these resources. GLJ was not engage to, and has not currently evaluated the contingent and/or prospective reserves attributable to the Company’s assets. In addition, GLJ has not evaluated any of the Company’s interests in their non-producing prospect blocks. Our engagement agreement details the scope of the evaluation. A summary of the Company’s reserves and net present value (NPV) are as illustrated in the following tables.

Summary Of Oil And Gas Reserves

Touchstone Exploration Inc.

Effective December 31, 2016

Oil Equivalent

Company Company

Gross Net

Reserves Category Mboe Mboe

Proved

Producing 4,606 2,852

Developed Non-Producing 948 809

Undeveloped 3,423 2,434

Total Proved 8,977 6,094

Total Probable 6,722 4,922

Total Proved Plus Probable 15,698 11,016 Total Proved Plus Probable Plus Possible 20,376 14,330

Page 3

Page 9: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

Summary Net Present Values of Future Net Revenue

Touchstone Exploration Inc.

Effective: December 31, 2016

Net Present Values of Future Net Revenue

After Income Taxes Discounted At (%/year)

0% 5% 10% 15% 20%

Reserves Category M$ M$ M$ M$ M$

Proved

Producing 65,425 46,613 38,095 32,990 29,449

Developed Non-Producing 18,099 15,447 13,486 11,982 10,795

Undeveloped 39,408 28,407 21,088 15,985 12,301

Total Proved 122,931 90,466 72,668 60,958 52,546

Total Probable 114,765 77,910 58,072 45,426 36,686

Total Proved Plus Probable 237,696 168,376 130,740 106,383 89,233

Total Proved Plus Probable Plus Possible 325,888 222,022 169,073 136,110 113,433

The preceding tables represent a consolidation of the Company’s onshore producing properties within Trinidad. The reserves as presented above have not been further adjusted for risk, and are consistent with the reserves guidance outlined in COGEH and PRMS. The reserves reflect the appropriate level uncertainty as associated with proved, proved plus probable and proved plus probable plus possible reserves. Reserves and revenue forecasts on an individual property basis for the Company are provided in the following report. Developed non-producing and undeveloped reserves as detailed, are associated with infill drilling, extension drilling and recompletion candidates attributed to reservoirs offsetting production, primarily associated with the Forest and Cruse reservoirs, as identified by the Company. Further details of the specific property evaluations can be found in the individual property reports of the Company. In addition, reserves attributable to each property, corresponding reserves categories and NPV are illustrated in the attached report documentation.

Page 4

Page 10: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

A summary of the working interest and current development status for the Company’s reserves properties is provided in the following table.

Summary of Interests of Touchstone Exploration Inc. Onshore Trinidad Oil Reserves Properties, Effective December 31, 2016

Property Lease Operator

Working Interest Status

Productive Reservoir

Gross Licence Area (acres) Lease Expiry and Comments

Barrackpore Touchstone 100% Producing and development

Forest 211 Freehold Lease

Coora Blocks (1 & 2)

Touchstone 100% Producing and development

Morne L'Enfer, Forest and Cruse

Total Coora:1,699 (Coora 1:1,230 Coora 2: 469)

Current lease agreement Expires Dec 31, 2020, with a 5 year option to extend (upon agreement).

Fyzabad Touchstone 100% Producing and development

Forest and Cruse 94

Current lease agreement has expired August 19, 2013. Touchstone has been permitted to continue operations under the same terms and conditions until renewal.

Fyzabad Touchstone 100% Producing and development

Forest and Cruse 470 Freehold Lease

Icacos Touchstone 50% Producing Cruse 1,947 Freehold Lease

New Dome Touchstone 100% Producing Morne L'Enfer, Forest and Cruse

69 Current lease agreement Expires Dec 31, 2021, with a 5 year option to extend (upon agreement).

Palo Seco Touchstone 100% Producing and development

Cruse 499

Current lease agreement has expired August 19, 2013. Touchstone has been permitted to continue operations under the same terms and conditions until renewal.

San Francique

Touchstone 100% Producing and development

Forest and Cruse 1,351 Freehold Lease

South Palo Seco

Touchstone 100% Producing Morne L'Enfer, Forest and Cruse

2,019 Current lease agreement Expires Dec 31, 2021, with a 5 year option to extend (upon agreement).

WD-4 Touchstone 100% Producing and development

Forest and Cruse 700 Current lease agreement Expires Dec 31, 2020, with a 5 year option to extend (upon agreement).

WD-8 Touchstone 100% Producing and development

Forest and Cruse 650 Current lease agreement Expires Dec 31, 2020, with a 5 year option to extend (upon agreement).

Page 5

Page 11: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

It should be noted that for some reserves entities, forecast reserves do extend beyond the current lease agreements. Based on past precedence and ease of renewal and contract extensions, GLJ has high certainty that the leases will be extended beyond the current agreement expiries. Touchstone Exploration Inc. holds the Company’s oil and gas interests through the following agreements:

• Lease Operatorship Agreements (“LOAs”) entered into with the Petroleum Company of Trinidad and Tobago (“Petrotrin”). These include Coora 1 and Coora 2 (Coora Block), WD-4 and WD-8.

• Farm-Out Agreements entered into with Petrotrin ( “Farmouts”). These include New Dome and South Palo Seco

• Exploration and Production Licenses (customarily described as “Crown Leases”) entered into with the Trinidad and Tobago Ministry of Energy and Energy Industries (the “Ministry”). Producing assets governed by Crown Leases include Palo Seco and a portion of the Fyzabad Block.

• Private Exploration and Production Agreements (customarily described as “Freehold Leases”). These include Barrackpore, Fyzabad, San Francique (East and West) as well as the Companies non-developed lands which were not evaluated as part of this Report.

Each agreement has unique considerations and costs structures relating to the operations of the individual block, specifically:

• Lease Operatorship Agreements (“LOAs”) involve a Head License, and a Sub-License. • Farm-Out Agreements involve a Head License, and a Sub-Licence. • Exploration and Production Licenses (customarily described as “Crown Leases”) are in standard

form.

Details of these agreements are further discussed in the Evaluation Procedures section of this report, under the heading “Interests Descriptions” of the following report. RESEVES METHODOLOGY GLJ was commissioned to evaluate the onshore Trinidad producing oil properties of the Company as at

December 31, 2016. The properties are located onshore in the southern part of the Republic of Trinidad and

Tobago, as illustrated on the following Index Map. Individual property maps are also illustrated in Appendix

II, Property Maps.

Page 6

Page 12: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

In general, the geological environment and associated production behavior across the major properties

demonstrates generally consistent features and behavior. As such, as consistent methodology for all the

properties was used in the evaluation. This methodology is summarized in the following sections, and is as

extracted from the evaluation report.

Page 7

Page 13: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

Geology Methodology The sediments in this area of Trinidad and Tobago occupy a tectonic province known as the Southern Basin.

This basin continues into eastern Venezuela, forming the eastern section of the Eastern Venezuela Basin.

During the period from early Cretaceous through late Eocene, this part of the Southern Basin was a deep,

northward dipping continental slope off the Guyana Shield to the south. Deposition at this time was largely

confined to clays, very fine-grained clastics, and rare gravity flows (turbidites). The deep water and anoxic

conditions at this time preserved the organic material deposited with the clay, permitting the accumulation of the

thick, organic rich rocks of the Gautier and Naparima Hill Formations.

Gradual uplift during the Paleocene and Eocene resulted in the deposition of a thick, overall regressive sequence

(Lizard Springs through San Fernando Formations), culminating in basin wide exposure and erosion at the end

of the Eocene (Upper Eocene unconformity).

By Oligocene to early Miocene time, plate movements and the associated compressional forces dominated the

area, completing the shift from a passive basin margin phase to an active margin phase. A thrust belt along the

northern margin of South America and rising terraines to the north created significant lithospheric loading,

resulting in a series of foredeep sub-basins in the area of interest. Clays were deposited in these deepwater sub-

basins, eventually becoming the thick shales and marls that characterize the Cipero Formation. Thick sequences

of sandstone, deposited via gravity flows, are known to be present near sediment supply areas and feeder

canyons/channels in the slope. Accumulations of these slope and basin floor turbidite fans are known as the

Nariva, Retrench, Herrera and Karamat Sandstones.

Tectonic activity increased dramatically in the area during the Mid-Miocene. The Cipero Formation and the

turbidite accumulations within were folded and thrust faulted into a series of high amplitude, asymmetric, east-

northeast trending anticlines, and detached overthrusts. Continued uplift and exposure and erosion of these

structures at the end of the Mid-Miocene resulted in extensive beveling of the highs, and the creation of a much

more even surface.

By Late Miocene time, compressional forces in the areas gave way to largely extensional ones. A relative drop

in sea level brought marine conditions to the area again. The rocks deposited at this time suggest a largely

transgressional/progradational sequence, with the calcareous shales of the Lengua Formation giving way to the

coarser clastics characteristic of the deltaic deposits of the Pliocene age Formations, including the Cruse, Forest,

and Morne L’Enfer Formations. However, compressional forces returned in the late Pliocene to Pleistocene,

adding another layer of structural complexity to the basin.

The onshore Southern Basin in Trinidad is a well-known, prolific petroleum producing province. Producing

reservoirs within the basin include the Morne L'Enfer, Forest, Cruse, Karamat, and Herrera Formations. These

Page 8

Page 14: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

reservoirs occur at depths ranging from 300 to 12,000 feet. The source rock for these hydrocarbons is generally

accepted to be the organic rich Cretaceous Naparima Hill Formation. Oil is believed to have migrated into the

reservoirs along fractures associated with recent tectonism such as the Los Bajos Fault zone.

Reserves Methodology Reserves have been attributed to wells in the Cruse, Forest and Morne L’Enfer Formations. Forecast production

for all the properties has been conducted using decline curve analysis, as, in general, the estimation of oil

initially-in-place (OIIP) for individual pools is often hindered by lack of open hole well log data. While log data

is available for the majority of the wells within the field, the log suite typically includes only a spontaneous

potential (SP) log and resistivity log. General checks on the OIIP where calculated have been made, and the

recovery factors calculated are reasonable.

It should be noted that the use of OIIP and dilution factors was not used as a primary estimating method to

determine reserves. Individual well and total pool production decline analysis has been utilized to estimate the

producing reserves, where historical trends of production are extrapolated from expected initial daily rates as at

the effective date, using hyperbolic decline exponents, to expected final rates. Forecasts have been developed

with consideration to oil cut, total fluid rates and production on-time.

In addition to the producing reserves, GLJ has reviewed the proposed development programs as outlined by

the Company for each property. For the Barrackpore, Coora, Fyzabad, Palo Seco, San Francique, WD-4 and

WD-8 properties, additional undeveloped reserves were assigned, which include infill, replacement and

sidetrack wells. The locations were chosen to access reservoir units with significant remaining reserves

potential.

GLJ has audited the net pay mapping as provided by the Company, and examined in detail the wells that

immediately offset a proposed location. Offset wells reviewed by GLJ were used as analogies in volumetric

reserve estimates at the proposed infill locations. Audited net pay maps were used to estimate volumes of

OIIP that may be accessed by each reservoir horizon at a proposed infill location. Production allocation was

used to estimate recovery to date on a zone basis in the area of proposed infill locations and to estimate the

volume of oil that may be recovered by each of the infill locations. In areas that appear to have a high

recovery factor to date, or have recently recorded low reservoir pressures, the assigned reserves were reduced

to acknowledge these risks.

The Company has historically undertaken several workovers and recompletions as part of their ongoing yearly

development and operations. As such, there is significant upside associated with workovers and recompletions.

GLJ has estimated EURs based on the response of previous workovers and recompletions carried out in the

field. GLJ has included additional reserves associated with these candidates in the WD-4, WD-8, Coora and

Fyzabad properties, in the proved and proved plus probable developed non-producing reserves categories.

Page 9

Page 15: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

Production Forecasts

In establishing all production forecasts, consideration was given to existing gas contracts and the possibility

of contract revisions, to the operator's plans for development drilling and to reserves and well capability.

Generally, development drilling in an area was not considered unless there was some indication from the

operator that drilling could be expected.

The on-stream date for currently shut-in reserves was estimated with consideration given to the following:

• proximity to existing facilities • plans of the operator • economics

Details of the reserves, NPV and forecast 2017 production associated with each property for all reserves

categories can be found in the indexed tab entitled “Summary of Reserves and Values” as located in the

Summary section of this report, and as illustrated on the Company Production, Reserves and Present Value

Summary Table. A summary of these values are provided in the required table as below:

Further information regarding the evaluation procedure, pricing, economic considerations and forecasts are also provided in the following report. Certificates of qualification for Competent Persons involved in the evaluation of the Company’s assets are also included in the attached report. It is trusted that this evaluation meets your current requirements. Should you have any questions regarding this analysis, please contact the undersigned. Yours very truly, GLJ PETROLEUM CONSULTANTS LTD.

Trisha S. MacDonald, P. Eng. Manager, Engineering TSM/jem Attachments

Page 10

Page 16: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

))))

))

)))

)

Barrackpore

San FraniqueNew Dome

Fyzabad

Coora Block

WD-8

Palo SecoSouth Palo Seco

IcacosWD-4

61°30'0"W

61°30'0"W

62°0'0"W

62°0'0"W

10°3

0'0"N

10°3

0'0"N

10°0

'0"N

10°0

'0"N

9°30'0

"N

9°30'0

"N

600,000

600,000

650,000

650,000

700,000

700,0001,050,000 1,050,000

1,100,000 1,100,000

1,150,000 1,150,000

Map 1Index Map

Property Locations

Company: Touchstone Exploration Inc.Property: Trinidad

Effective Date: December 31, 2016Project: s1171036/indm01

1:900,000

WGS 1984 UTM Zone 20N

) Property Locations

Page: 16 of 71

Page 17: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

Page: 17 of 71

SUMMARY

TABLE OF CONTENTS

Page

LIST OF TABLESTable 1 Summary of Reserves and Values 18Table 2 Company Production, Reserves and Present Value Summary 19

LIST OF DRAWINGSDrawing 1 Historical and Forecast Company Interest Oil Equivalent Production 20Drawing 2 Historical and Forecast Company Interest Total Oil Production 21

PROVED RESERVES 22

PROBABLE AND PROVED PLUS PROBABLE RESERVES 26

POSSIBLE AND PROVED PLUS PROBABLE PLUS POSSIBLE 29

May 19, 2017 09:56:21

Page 18: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

Table 1Company: Touchstone Exploration Inc. Reserve Class: VariousProperty: Corporate Development Class: ClassificationsDescription: Summary Pricing: GLJ (2017-01)

Effective Date: December 31, 2016

Summary of Reserves and Values

Proved TotalDeveloped Proved Proved

Proved Non- Undevelope Total Total Plus TotalProducing Producing d Proved Probable Probable PPP

MARKETABLE RESERVESLight & Medium Oil (Mbbl)Total Company Interest 3,955 735 2,890 7,580 5,914 13,494 17,514Working Interest 3,955 735 2,890 7,580 5,914 13,494 17,514Net After Royalty 2,297 618 1,960 4,874 4,207 9,082 11,819

Heavy Oil (Mbbl)Total Company Interest 651 213 533 1,397 808 2,205 2,862Working Interest 651 213 533 1,397 808 2,205 2,862Net After Royalty 555 191 474 1,220 714 1,934 2,511

Oil Equivalent (Mboe)Total Company Interest 4,606 948 3,423 8,977 6,722 15,698 20,376Working Interest 4,606 948 3,423 8,977 6,722 15,698 20,376Net After Royalty 2,852 809 2,434 6,094 4,922 11,016 14,330

BEFORE TAX PRESENT VALUE (M$)0% 135,098 49,825 112,953 297,876 327,003 624,878 882,3675% 83,260 41,109 83,755 208,125 220,427 428,551 580,2218% 68,943 37,019 71,157 177,119 183,025 360,143 481,07210% 62,240 34,654 64,199 161,093 163,770 324,863 431,26912% 56,935 32,531 58,161 147,628 147,706 295,334 390,24715% 50,732 29,732 50,503 130,967 128,052 259,018 340,56520% 43,305 25,887 40,562 109,753 103,515 213,269 279,046

FIRST 6 YEARS BEFORE TAX CASH FLOW (M$)2017 12,287 1,956 -1,437 12,806 3,099 15,905 19,0122018 11,453 8,574 2,175 22,201 10,654 32,856 45,0022019 9,779 10,277 6,083 26,139 27,700 53,839 76,0292020 8,274 8,023 21,775 38,071 41,644 79,715 101,6932021 7,122 5,880 22,055 35,057 39,572 74,629 91,5772022 6,720 4,563 15,512 26,795 29,332 56,127 69,292

BOE Factors: HVY OIL 1.0 RES GAS 6.0 PROPANE 1.0 ETHANE 1.0COND 1.0 SLN GAS 6.0 BUTANE 1.0 SULPHUR 0.0

Run Date: May 19, 2017 09:49:53

1171277 Class (A,B1,B2,C,F,I,R), GLJ (2017-01), psum May 19, 2017 09:50:02

Page: 18 of 71

Page 19: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

Table 2Company: Touchstone Exploration Inc. Reserve Class: VariousProperty: Corporate Development Class: ClassificationsDescription: Summary Pricing: GLJ (2017-01)

Effective Date: December 31, 2016

Company Production, Reserves and Present Value Summary

2017 Company Interest Prod'n Company Interest Reserves Net After Royalty Reserves Reserve Before Income TaxLife Discounted Present Value (M$)

Gas Oil NGL Oil Eq. Gas Oil NGL Sulphur Oil Eq. Gas Oil NGL Sulphur Oil Eq. IndexEntity Description Mcf/d bbl/d bbl/d boe/d MMcf Mbbl Mbbl Mlt Mboe MMcf Mbbl Mbbl Mlt Mboe yrs 0% 5% 8% 10% 12%

Proved Producing 0 1,277 0 1,277 0 4,606 0 0 4,606 0 2,852 0 0 2,852 9.9 135,098 83,260 68,943 62,240 56,935Proved Developed Non-Producing 0 202 0 202 0 948 0 0 948 0 809 0 0 809 12.9 49,825 41,109 37,019 34,654 32,531Proved Undeveloped 0 149 0 149 0 3,423 0 0 3,423 0 2,434 0 0 2,434 62.9 112,953 83,755 71,157 64,199 58,161Total Proved 0 1,628 0 1,628 0 8,977 0 0 8,977 0 6,094 0 0 6,094 15.1 297,876 208,125 177,119 161,093 147,628Probable Producing 0 40 0 40 0 1,500 0 0 1,500 0 957 0 0 957 103.2 70,526 33,088 24,090 20,190 17,274Probable Developed Non-Producing 0 61 0 61 0 1,452 0 0 1,452 0 1,253 0 0 1,253 64.7 86,856 65,568 56,217 51,016 46,486Probable Undeveloped 0 61 0 61 0 3,770 0 0 3,770 0 2,712 0 0 2,712 170.3 169,621 121,771 102,718 92,564 83,947Total Probable 0 162 0 162 0 6,722 0 0 6,722 0 4,922 0 0 4,922 113.7 327,003 220,427 183,025 163,770 147,706Proved Plus Probable Producing 0 1,317 0 1,317 0 6,107 0 0 6,107 0 3,809 0 0 3,809 12.7 205,624 116,348 93,033 82,430 74,209Proved Plus Probable Developed Non-Producing 0 263 0 263 0 2,399 0 0 2,399 0 2,062 0 0 2,062 25.0 136,680 106,677 93,236 85,670 79,017Proved Plus Probable Undeveloped 0 210 0 210 0 7,192 0 0 7,192 0 5,146 0 0 5,146 93.9 282,574 205,526 173,875 156,763 142,108Total Proved Plus Probable 0 1,790 0 1,790 0 15,698 0 0 15,698 0 11,016 0 0 11,016 24.0 624,878 428,551 360,143 324,863 295,334Total Possible 0 156 0 156 0 4,678 0 0 4,678 0 3,314 0 0 3,314 82.2 257,489 151,669 120,928 106,406 94,913Total PPP 0 1,946 0 1,946 0 20,376 0 0 20,376 0 14,330 0 0 14,330 28.7 882,367 580,221 481,072 431,269 390,247

Reserves CharacterizationPercentage of Total PPP Company Interest BOE Reserves

Light/Med Oil (86.0 %)Light/Med Oil (86.0 %)

Hvy Oil (14.0 %)

Product Types

Proved Developed Non-Producing (4.7 %)

Proved Producing (22.6 %)

Proved Undeveloped (16.8 %)

Possible Producing (7.3 %)

Possible Undeveloped (12.2 %)

Possible Developed Non-Producing (3.5 %)

Probable Producing (7.4 %)

Probable Developed Non-Producing (7.1 %)

Probable Undeveloped (18.5 %)

Reserves Classifications

BOE Factors: HVY OIL 1.0 RES GAS 6.0 PROPANE 1.0 ETHANE 1.0COND 1.0 SLN GAS 6.0 BUTANE 1.0 SULPHUR 0.0

1171277 Class (A,B1,B2,C,D,E1,E2,F,G,H1,H2,I,O,R), GLJ (2017-01), crv May 19, 2017 09:50:04

Page: 19 of 71

Page 20: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

Historical and Forecast ProductionCompany: Touchstone Exploration Inc. Pricing: GLJ (2017-01)Property: Corporate Effective Date: December 31, 2016Description: Summary

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036

Year

080

016

0024

0032

0040

0048

0056

0064

0072

0080

00

Oil

Equi

vale

nt (b

oe/d

)

AC

I

R

Legend

A: Proved ProducingC: Total ProvedI: Total Proved Plus ProbableR: Total PPP

Company* Interest Oil Equivalent

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036

Year

080

016

0024

0032

0040

0048

0056

0064

0072

0080

00

Oil

Equi

vale

nt (b

oe/d

)

Legend

Light & Medium OilHeavy Oil

Company* Interest Oil Equivalent - Total PPP

production. Consequently, company actuals may differ from the history shown due to changes in ownership.*Note: Historical company interest production is based on current interests in the evaluated reserves entities applied to reported actual gross lease

Company Interest Oil Equivalent1171277 / May 19, 2017

Drawing 1

Page: 20 of 71

Page 21: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

Historical and Forecast ProductionCompany: Touchstone Exploration Inc. Pricing: GLJ (2017-01)Property: Corporate Effective Date: December 31, 2016Description: Summary

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036

Year

080

016

0024

0032

0040

0048

0056

0064

0072

0080

00To

tal O

il (b

bl/d

)

AC

I

R

Legend

A: Proved ProducingC: Total ProvedI: Total Proved Plus ProbableR: Total PPP

Company* Interest Total Oil

the history shown due to changes in ownership.*Note: Historical company interest production is based on current interests in the evaluated reserves entities applied to reported actual gross lease production. Consequently, company actuals may differ from

Company Interest Total Oil1171277 / May 19, 2017

Draw

ing 2

Page: 21 of 71

Page 22: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

Page: 22 of 71

PROVED RESERVES

TABLE OF CONTENTS

Page

SUMMARY OF RESERVES AND VALUES 23

COMPANY PRODUCTION, RESERVES AND PRESENT VALUE SUMMARY 24

May 19, 2017 09:56:21

Page 23: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

Company: Touchstone Exploration Inc. Reserve Class: VariousProperty: Corporate Development Class: ClassificationsDescription: Summary Pricing: GLJ (2017-01)

Effective Date: December 31, 2016

Summary of Reserves and Values

Proved TotalProved Developed Proved Proved Total

Producing Non-Producing Undeveloped Non-Producing Proved

MARKETABLE RESERVESLight & Medium Oil (Mbbl)Total Company Interest 3,955 735 2,890 3,625 7,580Working Interest 3,955 735 2,890 3,625 7,580Net After Royalty 2,297 618 1,960 2,578 4,874

Heavy Oil (Mbbl)Total Company Interest 651 213 533 746 1,397Working Interest 651 213 533 746 1,397Net After Royalty 555 191 474 665 1,220

Oil Equivalent (Mboe)Total Company Interest 4,606 948 3,423 4,371 8,977Working Interest 4,606 948 3,423 4,371 8,977Net After Royalty 2,852 809 2,434 3,243 6,094

BEFORE TAX PRESENT VALUE (M$)0% 135,098 49,825 112,953 162,777 297,8765% 83,260 41,109 83,755 124,865 208,1258% 68,943 37,019 71,157 108,176 177,11910% 62,240 34,654 64,199 98,853 161,09312% 56,935 32,531 58,161 90,693 147,62815% 50,732 29,732 50,503 80,235 130,96720% 43,305 25,887 40,562 66,448 109,753

FIRST 6 YEARS BEFORE TAX CASH FLOW (M$)2017 12,287 1,956 -1,437 519 12,8062018 11,453 8,574 2,175 10,749 22,2012019 9,779 10,277 6,083 16,360 26,1392020 8,274 8,023 21,775 29,798 38,0712021 7,122 5,880 22,055 27,935 35,0572022 6,720 4,563 15,512 20,075 26,795

BOE Factors: HVY OIL 1.0 RES GAS 6.0 PROPANE 1.0 ETHANE 1.0COND 1.0 SLN GAS 6.0 BUTANE 1.0 SULPHUR 0.0

Run Date: May 19, 2017 09:49:50

1171277 Class (A,B1,B2,B,C), GLJ (2017-01), psum May 19, 2017 09:50:51

Page: 23 of 71

Page 24: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

Company: Touchstone Exploration Inc. Reserve Class: VariousProperty: Corporate Development Class: ClassificationsDescription: Summary Pricing: GLJ (2017-01)

Effective Date: December 31, 2016

Company Production, Reserves and Present Value Summary

2017 Company Interest Prod'n Company Interest Reserves Net After Royalty Reserves Reserve Before Income TaxLife Discounted Present Value (M$)

Gas Oil NGL Oil Eq. Gas Oil NGL Sulphur Oil Eq. Gas Oil NGL Sulphur Oil Eq. IndexEntity Description Mcf/d bbl/d bbl/d boe/d MMcf Mbbl Mbbl Mlt Mboe MMcf Mbbl Mbbl Mlt Mboe yrs 0% 5% 8% 10% 12%

Proved ProducingBarrackpore 0 46 0 46 0 81 0 0 81 0 73 0 0 73 4.8 1,472 1,466 1,433 1,405 1,375Coora Block 0 214 0 214 0 1,769 0 0 1,769 0 953 0 0 953 22.6 62,137 27,591 20,073 16,976 14,727Fyzabad 0 140 0 140 0 475 0 0 475 0 422 0 0 422 9.3 21,215 14,863 12,523 11,330 10,348Icacos 0 11 0 11 0 42 0 0 42 0 36 0 0 36 10.9 1,872 1,329 1,121 1,013 923New Dome 0 26 0 26 0 86 0 0 86 0 56 0 0 56 9.0 2,367 1,830 1,599 1,472 1,364Palo Seco 0 13 0 13 0 43 0 0 43 0 37 0 0 37 8.7 1,678 1,319 1,156 1,064 984San Francique 0 63 0 63 0 206 0 0 206 0 184 0 0 184 9.0 9,778 7,436 6,437 5,894 5,429South Palo Seco 0 8 0 8 0 6 0 0 6 0 4 0 0 4 1.9 -26 -16 -11 -9 -7WD-4 0 439 0 439 0 827 0 0 827 0 464 0 0 464 5.2 18,406 15,822 14,600 13,892 13,256WD-8 0 317 0 317 0 1,072 0 0 1,072 0 622 0 0 622 9.3 16,198 11,622 10,013 9,202 8,536

Total: Proved Producing 0 1,277 0 1,277 0 4,606 0 0 4,606 0 2,852 0 0 2,852 135,098 83,260 68,943 62,240 56,935

Proved Developed Non-ProducingBarrackpore 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 0 0 0 0 0Coora Block 0 47 0 47 0 209 0 0 209 0 155 0 0 155 12.2 9,556 7,609 6,744 6,258 5,829Fyzabad 0 41 0 41 0 210 0 0 210 0 189 0 0 189 13.9 11,868 9,848 8,888 8,330 7,827Icacos 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 0 0 0 0 0New Dome 0 1 0 1 0 3 0 0 3 0 2 0 0 2 6.6 -7 7 12 13 15Palo Seco 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 0 0 0 0 0San Francique 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 0 0 0 0 0South Palo Seco 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 0 0 0 0 0WD-4 0 59 0 59 0 286 0 0 286 0 253 0 0 253 13.3 15,322 12,867 11,684 10,991 10,363WD-8 0 54 0 54 0 240 0 0 240 0 210 0 0 210 6.2 13,085 10,778 9,691 9,062 8,498

Total: Proved Developed Non-Producing 0 202 0 202 0 948 0 0 948 0 809 0 0 809 49,825 41,109 37,019 34,654 32,531

Proved UndevelopedBarrackpore 0 0 0 0 0 45 0 0 45 0 40 0 0 40 3.2 1,393 1,091 946 862 786Coora Block 0 49 0 49 0 804 0 0 804 0 542 0 0 542 45.1 32,257 23,707 20,167 18,247 16,601Fyzabad 0 0 0 0 0 421 0 0 421 0 376 0 0 376 14.9 17,883 13,749 11,842 10,754 9,791Icacos 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 0 0 0 0 0New Dome 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 0 0 0 0 0Palo Seco 0 0 0 0 0 112 0 0 112 0 98 0 0 98 20.6 4,521 3,546 3,080 2,809 2,567San Francique 0 0 0 0 0 36 0 0 36 0 32 0 0 32 4.8 1,809 1,508 1,359 1,270 1,190South Palo Seco 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 0 0 0 0 0WD-4 0 57 0 57 0 1,120 0 0 1,120 0 720 0 0 720 54.1 24,457 17,736 14,853 13,272 11,908WD-8 0 44 0 44 0 885 0 0 885 0 625 0 0 625 28.1 30,632 22,419 18,911 16,984 15,319

Total: Proved Undeveloped 0 149 0 149 0 3,423 0 0 3,423 0 2,434 0 0 2,434 112,953 83,755 71,157 64,199 58,161

Total Proved Non-ProducingBarrackpore 0 0 0 0 0 45 0 0 45 0 40 0 0 40 3.2 1,393 1,091 946 862 786Coora Block 0 96 0 96 0 1,013 0 0 1,013 0 697 0 0 697 28.9 41,814 31,316 26,911 24,505 22,430Fyzabad 0 41 0 41 0 631 0 0 631 0 565 0 0 565 41.9 29,750 23,597 20,730 19,084 17,618

1171277 Class (A,B1,B2,B,C), GLJ (2017-01), crv May 19, 2017 09:50:53

Page: 24 of 71

Page 25: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

Page 2

Company Production, Reserves and Present Value Summary

2017 Company Interest Prod'n Company Interest Reserves Net After Royalty Reserves Reserve Before Income TaxLife Discounted Present Value (M$)

Gas Oil NGL Oil Eq. Gas Oil NGL Sulphur Oil Eq. Gas Oil NGL Sulphur Oil Eq. IndexEntity Description Mcf/d bbl/d bbl/d boe/d MMcf Mbbl Mbbl Mlt Mboe MMcf Mbbl Mbbl Mlt Mboe yrs 0% 5% 8% 10% 12%

Total Proved Non-Producing (Cont.)Icacos 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 0 0 0 0 0New Dome 0 1 0 1 0 3 0 0 3 0 2 0 0 2 6.6 -7 7 12 13 15Palo Seco 0 0 0 0 0 112 0 0 112 0 98 0 0 98 20.6 4,521 3,546 3,080 2,809 2,567San Francique 0 0 0 0 0 36 0 0 36 0 32 0 0 32 4.8 1,809 1,508 1,359 1,270 1,190South Palo Seco 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.0 0 0 0 0 0WD-4 0 116 0 116 0 1,405 0 0 1,405 0 973 0 0 973 33.3 39,780 30,603 26,537 24,262 22,271WD-8 0 97 0 97 0 1,125 0 0 1,125 0 835 0 0 835 16.0 43,717 33,197 28,602 26,047 23,817

Total: Total Proved Non-Producing 0 351 0 351 0 4,371 0 0 4,371 0 3,243 0 0 3,243 162,777 124,865 108,176 98,853 90,693

Total ProvedBarrackpore 0 46 0 46 0 126 0 0 126 0 114 0 0 114 7.5 2,865 2,557 2,379 2,267 2,160Coora Block 0 310 0 310 0 2,782 0 0 2,782 0 1,651 0 0 1,651 24.6 103,951 58,906 46,983 41,481 37,156Fyzabad 0 181 0 181 0 1,106 0 0 1,106 0 988 0 0 988 16.7 50,966 38,460 33,253 30,414 27,966Icacos 0 11 0 11 0 42 0 0 42 0 36 0 0 36 10.9 1,872 1,329 1,121 1,013 923New Dome 0 27 0 27 0 89 0 0 89 0 57 0 0 57 9.0 2,360 1,837 1,610 1,486 1,379Palo Seco 0 13 0 13 0 155 0 0 155 0 135 0 0 135 31.6 6,199 4,865 4,236 3,874 3,551San Francique 0 63 0 63 0 242 0 0 242 0 217 0 0 217 10.6 11,588 8,944 7,796 7,164 6,619South Palo Seco 0 8 0 8 0 6 0 0 6 0 4 0 0 4 1.9 -26 -16 -11 -9 -7WD-4 0 555 0 555 0 2,232 0 0 2,232 0 1,437 0 0 1,437 11.0 58,186 46,425 41,137 38,155 35,527WD-8 0 414 0 414 0 2,197 0 0 2,197 0 1,457 0 0 1,457 14.5 59,915 44,818 38,615 35,249 32,353

Total: Total Proved 0 1,628 0 1,628 0 8,977 0 0 8,977 0 6,094 0 0 6,094 297,876 208,125 177,119 161,093 147,628

BOE Factors: HVY OIL 1.0 RES GAS 6.0 PROPANE 1.0 ETHANE 1.0COND 1.0 SLN GAS 6.0 BUTANE 1.0 SULPHUR 0.0

1171277 Class (A,B1,B2,B,C), GLJ (2017-01), crv May 19, 2017 09:50:53

Page: 25 of 71

Page 26: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

Page: 26 of 71

PROBABLE AND PROVED PLUS PROBABLE RESERVES

TABLE OF CONTENTS

Page

SUMMARY OF RESERVES AND VALUES 27

COMPANY PRODUCTION, RESERVES AND PRESENT VALUE SUMMARY 28

May 19, 2017 09:56:21

Page 27: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

Company: Touchstone Exploration Inc. Reserve Class: VariousProperty: Corporate Development Class: ClassificationsDescription: Summary Pricing: GLJ (2017-01)

Effective Date: December 31, 2016

Summary of Reserves and Values

TotalProved

Total PlusProbable Probable

MARKETABLE RESERVESLight & Medium Oil (Mbbl)

Total Company Interest 5,914 13,494Working Interest 5,914 13,494Net After Royalty 4,207 9,082

Heavy Oil (Mbbl)Total Company Interest 808 2,205Working Interest 808 2,205Net After Royalty 714 1,934

Oil Equivalent (Mboe)Total Company Interest 6,722 15,698Working Interest 6,722 15,698Net After Royalty 4,922 11,016

BEFORE TAX PRESENT VALUE (M$)0% 327,003 624,8785% 220,427 428,5518% 183,025 360,14310% 163,770 324,86312% 147,706 295,33415% 128,052 259,01820% 103,515 213,269

FIRST 6 YEARS BEFORE TAX CASH FLOW (M$)2017 3,099 15,9052018 10,654 32,8562019 27,700 53,8392020 41,644 79,7152021 39,572 74,6292022 29,332 56,127

BOE Factors: HVY OIL 1.0 RES GAS 6.0 PROPANE 1.0 ETHANE 1.0COND 1.0 SLN GAS 6.0 BUTANE 1.0 SULPHUR 0.0

Run Date: May 19, 2017 09:49:51

1171277 Class (F,I), GLJ (2017-01), psum May 19, 2017 09:50:57

Page: 27 of 71

Page 28: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

Company: Touchstone Exploration Inc. Reserve Class: VariousProperty: Corporate Development Class: ClassificationsDescription: Summary Pricing: GLJ (2017-01)

Effective Date: December 31, 2016

Company Production, Reserves and Present Value Summary

2017 Company Interest Prod'n Company Interest Reserves Net After Royalty Reserves Reserve Before Income TaxLife Discounted Present Value (M$)

Gas Oil NGL Oil Eq. Gas Oil NGL Sulphur Oil Eq. Gas Oil NGL Sulphur Oil Eq. IndexEntity Description Mcf/d bbl/d bbl/d boe/d MMcf Mbbl Mbbl Mlt Mboe MMcf Mbbl Mbbl Mlt Mboe yrs 0% 5% 8% 10% 12%

Total ProbableBarrackpore 0 2 0 2 0 124 0 0 124 0 112 0 0 112 212.1 4,846 3,781 3,278 2,991 2,737Coora Block 0 29 0 29 0 1,681 0 0 1,681 0 1,117 0 0 1,117 156.2 86,697 50,991 40,655 35,661 31,641Fyzabad 0 28 0 28 0 700 0 0 700 0 626 0 0 626 67.4 45,978 30,484 25,256 22,621 20,449Icacos 0 0 0 0 0 14 0 0 14 0 12 0 0 12 345.5 905 418 284 225 183New Dome 0 0 0 0 0 28 0 0 28 0 18 0 0 18 177.1 945 514 375 310 260Palo Seco 0 0 0 0 0 66 0 0 66 0 58 0 0 58 999.9 3,823 2,839 2,416 2,182 1,981San Francique 0 1 0 1 0 279 0 0 279 0 250 0 0 250 824.3 15,382 10,335 8,468 7,508 6,711South Palo Seco 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3.8 4 4 4 4 3WD-4 0 68 0 68 0 1,639 0 0 1,639 0 1,180 0 0 1,180 65.8 74,990 55,364 47,240 42,840 39,069WD-8 0 33 0 33 0 2,190 0 0 2,190 0 1,548 0 0 1,548 184.2 93,433 65,698 55,050 49,427 44,674

Total: Total Probable 0 162 0 162 0 6,722 0 0 6,722 0 4,922 0 0 4,922 327,003 220,427 183,025 163,770 147,706

Total Proved Plus ProbableBarrackpore 0 48 0 48 0 250 0 0 250 0 225 0 0 225 14.3 7,711 6,338 5,657 5,258 4,897Coora Block 0 340 0 340 0 4,463 0 0 4,463 0 2,768 0 0 2,768 36.0 190,648 109,898 87,638 77,143 68,797Fyzabad 0 209 0 209 0 1,806 0 0 1,806 0 1,614 0 0 1,614 23.6 96,944 68,944 58,510 53,036 48,414Icacos 0 11 0 11 0 56 0 0 56 0 49 0 0 49 14.5 2,778 1,747 1,404 1,238 1,106New Dome 0 28 0 28 0 117 0 0 117 0 75 0 0 75 11.6 3,305 2,351 1,985 1,796 1,638Palo Seco 0 14 0 14 0 221 0 0 221 0 193 0 0 193 44.8 10,022 7,704 6,651 6,056 5,532San Francique 0 64 0 64 0 521 0 0 521 0 466 0 0 466 22.4 26,970 19,279 16,263 14,672 13,330South Palo Seco 0 8 0 8 0 6 0 0 6 0 4 0 0 4 1.9 -22 -12 -8 -5 -3WD-4 0 623 0 623 0 3,871 0 0 3,871 0 2,617 0 0 2,617 17.0 133,176 101,788 88,377 80,995 74,595WD-8 0 447 0 447 0 4,387 0 0 4,387 0 3,005 0 0 3,005 26.9 153,347 110,516 93,665 84,676 77,027

Total: Total Proved Plus Probable 0 1,790 0 1,790 0 15,698 0 0 15,698 0 11,016 0 0 11,016 624,878 428,551 360,143 324,863 295,334

BOE Factors: HVY OIL 1.0 RES GAS 6.0 PROPANE 1.0 ETHANE 1.0COND 1.0 SLN GAS 6.0 BUTANE 1.0 SULPHUR 0.0

1171277 Class (F,I), GLJ (2017-01), crv May 19, 2017 09:50:57

Page: 28 of 71

Page 29: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

Page: 29 of 71

POSSIBLE AND PROVED PLUS PROBABLE PLUS POSSIBLE

TABLE OF CONTENTS

Page

SUMMARY OF RESERVES AND VALUES 30

COMPANY PRODUCTION, RESERVES AND PRESENT VALUE SUMMARY 31

May 19, 2017 09:56:21

Page 30: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

Company: Touchstone Exploration Inc. Reserve Class: VariousProperty: Corporate Development Class: ClassificationsDescription: Summary Pricing: GLJ (2017-01)

Effective Date: December 31, 2016

Summary of Reserves and Values

Total TotalPossible PPP

MARKETABLE RESERVESLight & Medium Oil (Mbbl)

Total Company Interest 4,020 17,514Working Interest 4,020 17,514Net After Royalty 2,737 11,819

Heavy Oil (Mbbl)Total Company Interest 657 2,862Working Interest 657 2,862Net After Royalty 577 2,511

Oil Equivalent (Mboe)Total Company Interest 4,678 20,376Working Interest 4,678 20,376Net After Royalty 3,314 14,330

BEFORE TAX PRESENT VALUE (M$)0% 257,489 882,3675% 151,669 580,2218% 120,928 481,07210% 106,406 431,26912% 94,913 390,24715% 81,547 340,56520% 65,778 279,046

FIRST 6 YEARS BEFORE TAX CASH FLOW (M$)2017 3,107 19,0122018 12,147 45,0022019 22,190 76,0292020 21,978 101,6932021 16,948 91,5772022 13,165 69,292

BOE Factors: HVY OIL 1.0 RES GAS 6.0 PROPANE 1.0 ETHANE 1.0COND 1.0 SLN GAS 6.0 BUTANE 1.0 SULPHUR 0.0

Run Date: May 19, 2017 09:49:53

1171277 Class (O,R), GLJ (2017-01), psum May 19, 2017 09:50:59

Page: 30 of 71

Page 31: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

Company: Touchstone Exploration Inc. Reserve Class: VariousProperty: Corporate Development Class: ClassificationsDescription: Summary Pricing: GLJ (2017-01)

Effective Date: December 31, 2016

Company Production, Reserves and Present Value Summary

2017 Company Interest Prod'n Company Interest Reserves Net After Royalty Reserves Reserve Before Income TaxLife Discounted Present Value (M$)

Gas Oil NGL Oil Eq. Gas Oil NGL Sulphur Oil Eq. Gas Oil NGL Sulphur Oil Eq. IndexEntity Description Mcf/d bbl/d bbl/d boe/d MMcf Mbbl Mbbl Mlt Mboe MMcf Mbbl Mbbl Mlt Mboe yrs 0% 5% 8% 10% 12%

Total PossibleBarrackpore 0 1 0 1 0 105 0 0 105 0 94 0 0 94 256.5 5,256 3,807 3,193 2,862 2,580Coora Block 0 24 0 24 0 1,025 0 0 1,025 0 746 0 0 746 116.2 65,196 36,005 27,978 24,272 21,385Fyzabad 0 32 0 32 0 570 0 0 570 0 510 0 0 510 49.3 42,553 23,553 18,546 16,243 14,444Icacos 0 0 0 0 0 10 0 0 10 0 8 0 0 8 537.3 659 253 159 122 96New Dome 0 0 0 0 0 38 0 0 38 0 24 0 0 24 472.3 1,539 683 459 364 295Palo Seco 0 0 0 0 0 37 0 0 37 0 32 0 0 32 999.9 2,285 1,655 1,408 1,277 1,167San Francique 0 1 0 1 0 139 0 0 139 0 124 0 0 124 601.3 10,440 5,538 4,156 3,533 3,058South Palo Seco 0 0 0 0 0 3 0 0 3 0 2 0 0 2 170.1 4 5 6 6 6WD-4 0 63 0 63 0 1,465 0 0 1,465 0 942 0 0 942 63.3 63,132 42,792 35,513 31,819 28,779WD-8 0 34 0 34 0 1,285 0 0 1,285 0 830 0 0 830 102.3 66,424 37,378 29,510 25,908 23,103

Total: Total Possible 0 156 0 156 0 4,678 0 0 4,678 0 3,314 0 0 3,314 257,489 151,669 120,928 106,406 94,913

Total PPPBarrackpore 0 49 0 49 0 355 0 0 355 0 320 0 0 320 19.9 12,967 10,145 8,851 8,120 7,477Coora Block 0 364 0 364 0 5,489 0 0 5,489 0 3,514 0 0 3,514 41.3 255,844 145,902 115,616 101,415 90,182Fyzabad 0 241 0 241 0 2,376 0 0 2,376 0 2,124 0 0 2,124 27.0 139,497 92,497 77,055 69,279 62,859Icacos 0 11 0 11 0 66 0 0 66 0 57 0 0 57 16.9 3,437 2,000 1,563 1,360 1,202New Dome 0 28 0 28 0 154 0 0 154 0 100 0 0 100 15.2 4,845 3,034 2,444 2,160 1,934Palo Seco 0 14 0 14 0 258 0 0 258 0 225 0 0 225 52.0 12,306 9,359 8,059 7,334 6,699San Francique 0 64 0 64 0 660 0 0 660 0 591 0 0 591 28.1 37,409 24,816 20,420 18,205 16,388South Palo Seco 0 8 0 8 0 8 0 0 8 0 5 0 0 5 2.8 -18 -7 -2 0 2WD-4 0 686 0 686 0 5,337 0 0 5,337 0 3,559 0 0 3,559 21.3 196,308 144,580 123,890 112,813 103,374WD-8 0 481 0 481 0 5,673 0 0 5,673 0 3,835 0 0 3,835 32.3 219,771 147,894 123,175 110,584 100,131

Total: Total PPP 0 1,946 0 1,946 0 20,376 0 0 20,376 0 14,330 0 0 14,330 882,367 580,221 481,072 431,269 390,247

BOE Factors: HVY OIL 1.0 RES GAS 6.0 PROPANE 1.0 ETHANE 1.0COND 1.0 SLN GAS 6.0 BUTANE 1.0 SULPHUR 0.0

1171277 Class (O,R), GLJ (2017-01), crv May 19, 2017 09:50:00

Page: 31 of 71

Page 32: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

SPE-PRMS RESOURCES AND RESERVES DEFINITIONS

GLJ Petroleum Consultants (GLJ) has prepared estimates of resources and reserves in accordance

with the definitions and standards contained in the Petroleum Resources Management System (SPE-

PRMS) prepared by the Society of Petroleum Engineers (SPE). The SPE-PRMS document was

reviewed and jointly sponsored by the World Petroleum Council (WPC), the American Association

of Petroleum Geologists (AAPG) and the Society of Petroleum Evaluation Engineers (SPEE). The

SPE-PRMS definitions and guidelines are similar to those contained in the Canadian Oil and Gas

Evaluation (COGE) Handbook, which is referenced by the Canadian Securities Administrators in

“National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities” and the standards

normally used in Canadian oil and gas evaluations. Reserve and resources volumes derived under the

SPE-PRMS and COGEH standards would not generally be materially different. The following are

excerpts from the SPE-PRMS.

A. Fundamental Resources Definitions

Total Petroleum Initially-In-Place (PIIP) is that quantity of petroleum that is estimated to exist originally in naturally occurring accumulations. It includes that quantity of petroleum that is estimated, as of a given date, to be contained in known accumulations, prior to production, plus those estimated quantities in accumulations yet to be discovered (equivalent to “total resources”).

Discovered Petroleum Initially-In-Place (equivalent to discovered resources) is that quantity of petroleum that is estimated, as of a given date, to be contained in known accumulations prior to production.

Reserves are those quantities of petroleum anticipated to be commercially recoverable by application of development projects to known accumulations from a given date forward under defined conditions. Reserves must further satisfy four criteria: they must be discovered, recoverable, commercial, and remaining (as of the evaluation date) based on the development project(s) applied. Reserves are further categorized in accordance with the level of certainty associated with the estimates and may be sub-classified based on project maturity and/or characterized by development and production status. Contingent Resources are those quantities of petroleum estimated, as of a given date, to be potentially recoverable from known accumulations but the applied project(s) are not yet considered mature enough for commercial development due to one or more contingencies. Contingent Resources may include, for example, projects for which there are currently no viable markets, or where commercial recovery is dependent on technology under development, or where evaluation of the accumulation is insufficient to clearly assess commerciality. Contingent Resources are further categorized in accordance with the level of certainty associated with the estimates and may be sub-classified based on project maturity and/or characterized by their economic status.

Undiscovered Petroleum Initially-In-Place (equivalent to undiscovered resources) is that quantity of petroleum estimated, on a given date, to be contained within accumulations yet to be discovered.

Page: 32 of 71

Page 33: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

Prospective Resources are those quantities of petroleum estimated, as of a given date, to be potentially recoverable from undiscovered accumulations by application of future development projects. Prospective resources have both an associated chance of discovery and a chance of development. Prospective Resources are further subdivided in accordance with the level of certainty associated with recoverable estimates assuming their discovery and development and may be sub-classified based on project maturity.

B. Uncertainty Categories for Resources Estimates

The range of uncertainty of estimated recoverable volumes may be represented by either deterministic scenarios or by a probability distribution. When the range of uncertainty is represented by a probability distribution, a low, best, and high estimate shall be provided such that:

Low Estimate: There should be at least a 90 percent probability (P90) that the quantities actually recovered will equal or exceed the low estimate. Best Estimate: There should be at least a 50 percent probability (P50) that the quantities actually recovered will equal or exceed the best estimate. High Estimate: There should be at least a 10 percent probability (P10) that the quantities actually recovered will equal or exceed the high estimate.

When using the deterministic scenario method, typically there should also be low, best, and high estimates, where such estimates are based on qualitative assessments of relative uncertainty using consistent interpretation guidelines. These same approaches to describing uncertainty may be applied to reserves, contingent resources, and prospective resources. There may be significant risk that sub-commercial and undiscovered accumulations will not achieve commercial production. However, it is useful to consider and identify the range of potentially recoverable quantities independently of such risk or consideration of the resources class to which the quantities will be assigned.

C. Reserves Categories

The following summarizes the definitions of each Reserves category in terms of both the deterministic incremental approach and scenario approach and also provides the probability criteria if probabilistic methods are applied.

Proved Reserves Proved reserves are those quantities of petroleum, which, by analysis of geosciences and engineering data, can be estimated with reasonable certainty to be commercially recoverable, from a given date forward, from known reservoirs and under defined economic conditions, operating methods, and government regulations. If deterministic methods are used, the term reasonable certainty is intended to express a high degree of confidence that the quantities will be recovered. If probabilistic methods are used, there should be at least a 90% probability that the quantities actually recovered will equal or exceed the estimate. Probable Reserves Probable reserves are those additional reserves which analysis of geoscience and engineering data indicate are less likely to be recovered than proved reserves but more certain to be recovered than possible reserves. It is equally likely that actual remaining quantities recovered will be greater than or less than the sum of the estimated proved plus probable reserves (2P). In this context, when probabilistic methods are used, there should be at least a 50% probability that the actual quantities recovered will equal or exceed the 2P estimate.

Page: 33 of 71

Page 34: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

Possible Reserves Possible reserves are those additional reserves which analysis of geoscience and engineering data suggest are less likely to be recoverable than probable reserves. The total quantities ultimately recovered from the project have a low probability to exceed the sum of proved plus probable plus possible (3P) reserves, which is equivalent to the high estimate scenario. In this context, when probabilistic methods are used, there should be at least a 10% probability that the actual quantities recovered will equal or exceed the 3P estimate.

Development and Production Status Each of the reserves categories (proved, probable, and possible) may be divided into developed and undeveloped categories.

Developed Reserves Developed reserves are those reserves that are expected quantities to be recovered from existing wells and facilities. Developed Producing Reserves Developed producing reserves are those reserves expected to be recovered from intervals that are open and producing at the time of the estimate. Developed Non-Producing Reserves Developed non-producing reserves include shut-in and behind-pipe reserves. Undeveloped Reserves Undeveloped reserves are quantities expected to be recovered through future investments.

D. Discovered and Commercial

Discovery Status A discovery is one petroleum accumulation, or several petroleum accumulations collectively, for which one or several exploratory wells have established through testing, sampling, and/or logging the existence of a significant quantity of potentially moveable hydrocarbons. In this context, “significant” implies that there is evidence of a sufficient quantity of petroleum to justify estimating the in-place volume determined by the well(s) and for evaluating the potential for economic recovery. Commercial Status Discovered recoverable volumes (Contingent Resources) may be considered commercially producible, and thus Reserves, if the entity claiming commerciality has demonstrated firm intention to proceed with development and such intention is based upon all of the following criteria:

• Evidence to support a reasonable timetable for development;

• A reasonable assessment of the future economics of such development projects meeting defined investment and operating criteria;

• A reasonable expectation that there will be a market for all or at least the expected sales quantities of production required to justify development;

• Evidence that the necessary production and transportation facilities are available or can be made available;

Page: 34 of 71

Page 35: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

• Evidence that legal, contractual, environmental, governmental, and other social and economic concerns will allow for the actual implementation of the recovery project being evaluated.

E. Economic Status of Resources Estimates

Projects may be further characterized by their Economic Status. All projects classified as Reserves must be economic under defined conditions. Based on assumptions regarding future conditions and their impact on ultimate economic viability, projects currently classified as Contingent Resources may be broadly divided into two groups:

Marginal Contingent Resources Marginal contingent resources are those quantities associated with technically feasible projects that are either currently economic or projected to be economic under reasonably forecasted improvements in commercial conditions but are not committed for development because of one or more contingencies. Sub-Marginal Contingent Resources Sub-marginal contingent resources are those quantities associated with discoveries for which analysis indicates that technically feasible development projects would not be economic and/or other contingencies would not be satisfied under current or reasonably forecasted improvements in commercial conditions. These projects nonetheless should be retained in the inventory of discovered resources pending unforeseen major changes in commercial conditions.

Where evaluations are incomplete such that it is premature to clearly define ultimate chance of commerciality, it is acceptable to note that project economic status is “undetermined” (i.e., “contingent resources – economic status undetermined”).

Page: 35 of 71

Page 36: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

EVALUATION PROCEDURE

TABLE OF CONTENTS INTEREST DESCRIPTIONS WELL DATA ACCOUNTING SUMMARY PRODUCTION FORECASTS ECONOMIC PARAMETERS OIL EQUIVALENT OR GAS EQUIVALENT LIST OF ABBREVIATIONS

Page: 36 of 71

Page 37: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

EVALUATION PROCEDURE

The following outlines the methodology employed by GLJ Petroleum Consultants (GLJ) in

conducting the evaluation of the Company’s oil and gas properties. GLJ evaluation procedures are in

compliance with standards contained in Petroleum Resources Management System (SPE

PRMS)prepared by the Society of Petroleum Engineers (SPE) and the Canadian Oil and Gas

Evaluation (COGE) Handbook.

INTEREST DESCRIPTIONS

The Company provided GLJ with current land interest information. The Company provided a

representation letter confirming accuracy of land information. Certain cross-checks of land and

accounting information were undertaken by GLJ as recommended in the COGE Handbook. In this

process, nothing came to GLJ’s attention that indicated that information provided by the Company

was incomplete or unreliable.

In GLJ’s reports, “Company Interest” reserves and values refer to the sum of royalty interest* and

working interest reserves before deduction of royalty burdens payable. “Working Interest” reserves

equate to those reserves that are referred to as “Company Gross” reserves by the Canadian Securities

Administrators (CSA) in NI 51-101.

*Royalty interest reserves include royalty volumes derived only from other working interest owners. Lease Information, Agreements and Obligations

In Trinidad, oil and gas interests may be held pursuant to various instruments. Touchstone

Exploration Inc. holds the Company’s oil and gas interest through the following agreements:

(i) Lease Operatorship Agreements (“LOAs”) entered into with the Petroleum Company of

Trinidad and Tobago (“Petrotrin”). These include Coora 1 and Coora 2 (Coora Block), WD-4 and

WD-8.

(ii) Farm-Out Agreements entered into with Petrotrin (“Farmouts”). These include New Dome and

South Palo Seco,

(iii) Exploration and Production Licenses (customarily described as “Crown Leases”) entered

into with the Trinidad and Tobago Ministry of Energy and Energy Industries (the “Ministry”).

Producing assets governed by Crown Leases include Palo Seco and a portion of the Fyzabad Block.

Page: 37 of 71

Page 38: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

(iv) Private Exploration and Production Agreements (customarily described as “Freehold

Leases”). These include Barrackpore, Fyzabad, San Francique (East and West) as well as the

Companies non-developed lands which were not evaluated as part of this Report. The different

operating agreements have unique considerations and cost structures relating to operations on the

individual blocks, specifically:

i) Lease Operatorship Agreements (“LOAs”) involve a Head License, and a Sub-License.

The Ministry issues an Exploration and Production (Public Petroleum Rights) License (the “Head

License”) to Petrotrin. Petrotrin then issues the LOA (the “Sub-License”) to the Operator.

The LOA contains a schedule of Existing Wells (Schedule 1) and provides the Operator with certain

rights and obligations with respect to the Existing Wells and the associated facilities. The Operator is

permitted to produce from specified formations within the Existing Wells. The LOAs also set out a

series of work obligations to be performed by the Operator and allow the Operator to develop the

LOA Block through new drilling and the reworking of existing wells. The LOAs do not utilize

Operating Committees or Management Committees for decision making. Rather, decisions rest with

the Operator who is required to report to, and obtain approvals from, Petrotrin.

The LOAs also attach a series of Schedules and Appendices including: a list of Existing Wells;

royalties and pricing terms; local content requirements; financial terms for payments of financial

obligations relating to the Head License, and for the performance bond related to the individual

agreement.

The operator is responsible for financial obligations related to the head lease between the MEEI and

Petrotrin (allocated based on property production as a proportion of net head license production).

This includes amounts related to minimum payment, annual surface rentals, training contributions,

research contributions and scholarship contributions.

With respect to decommissioning, the operator is responsible for the proportionate cost of

abandoning a well based on the quantity of petroleum produced from the effective date as a

proportionate of cumulative production of petroleum from the well. The operator must remit

US$0.28 to a joint well abandonment fund to be used for future decommissioning costs as agreed by

both parties.

(ii) Farm-Out Agreements involve a Head License, and a Sub-License.

As is the case with the LOAs, with respect to the Farmout Agreements the Minister issues a Head

Licence to Petrotrin. Petrotrin then enters into a Farmout Agreement with the Operator.

Page: 38 of 71

Page 39: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

The Farmout Agreements do not contain a schedule of existing wells in the way that the LOAs do.

Rather, the Farmout Agreements grant the Operator the right to drill and produce Petroleum from the

Farmout Lands, excluding specified Deeper Horizons and specified Private Rights Areas. The

Farmout Agreement also contains an obligation to perform certain work (the “Work Obligations”).

As is the case with the LOAs, the Farmout Agreements do not utilize Operating Committees or

Management Committees for decision making. Rather, decisions rest with the Operator who is

required to report to, and obtain approvals from, Petrotrin. Similarly, the Farmout Agreements also

attach a series of Schedules and Appendices including: a listing of wells; royalties and pricing terms;

local content requirements; financial obligations relating to the Head License, and terms of the

performance bond for the individual blocks.

The operator is responsible for financial obligations related to the head lease between the MEEI and

Petrotrin (allocated based on property hectares as a proportion of net head license hectares). This

includes amounts related to surface rentals, training contributions, research contributions and

scholarship contributions.

The operator is responsible for the proportionate cost of abandoning a well based on the quantity of

petroleum produced from the effective date as a proportionate of cumulative production of petroleum

from the well. The operator must remit US$0.28 to a joint well abandonment fund to be used for

future decommissioning costs as agreed by both parties.

(iii) Exploration and Production Licenses (customarily described as “Crown Leases”) are in standard

form.

The primary term of the Crown Leases is 6 years, with rights to extend the term upon commercial

discovery for a maximum of 25 years from the Effective Date.

The Crown Leases are subject to a Crown Royalty of 12.5 percent and an oil impost fee of US$0.52

per barrel. The operator is responsible for amounts related to minimum payment, annual surface

rentals, training contributions, research contributions, scholarship contributions, technical equipment

bonus and environmental bonus. The operator must remit US$0.25 to a joint well abandonment fund

to be used for future decommissioning costs as agreed by both parties.

(iv) Private Exploration and Production Agreements (customarily described as “Freehold

Leases”). The company holds multiple individual Freehold Leases described above, which were

entered into by various predecessors in interest over the past 60 years. The Freehold Leases are not

Page: 39 of 71

Page 40: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

in standard form, but typically provide for a term of 35 years with royalties ranging from 10.0 to 12.5

percent.

WELL DATA

Pertinent interest and offset well data such as drill stem tests, workovers, pressure surveys,

production tests, etc., were provided by the Company or were obtained from other operators, public

records or GLJ nonconfidential files.

ACCOUNTING SUMMARY

The Company provided GLJ with available accounting data on a property basis and for the corporate

total for the period January 1, 2016 to December 31, 2016. In some circumstances this information

was also provided on a cost centre basis to address major reserves entities that are a subset of a

Company property.

RESEVES METHODOLOGY GLJ was commissioned to evaluate the onshore Trinidad producing oil properties of the Company as

at December 31, 2016. The properties are located onshore in the southern part of the Republic of

Trinidad and Tobago (refer to the Index Map). In general, the geological environment and

associated production behavior across the major properties demonstrates generally consistent

features and behavior. As such, as consistent methodology for all the properties was used in the

evaluation. This methodology is summarized in the following sections.

Geology Methodology The sediments in this area of Trinidad and Tobago occupy a tectonic province known as the

Southern Basin. This basin continues into eastern Venezuela, forming the eastern section of the

Eastern Venezuela Basin.

During the period from early Cretaceous through late Eocene, this part of the Southern Basin was a

deep, northward dipping continental slope off the Guyana Shield to the south. Deposition at this time

was largely confined to clays, very fine-grained clastics, and rare gravity flows (turbidites). The deep

water and anoxic conditions at this time preserved the organic material deposited with the clay,

permitting the accumulation of the thick, organic rich rocks of the Gautier and Naparima Hill

Formations.

Page: 40 of 71

Page 41: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

Gradual uplift during the Paleocene and Eocene resulted in the deposition of a thick, overall

regressive sequence (Lizard Springs through San Fernando Formations), culminating in basin wide

exposure and erosion at the end of the Eocene (Upper Eocene unconformity).

By Oligocene to early Miocene time, plate movements and the associated compressional forces

dominated the area, completing the shift from a passive basin margin phase to an active margin

phase. A thrust belt along the northern margin of South America and rising terraines to the north

created significant lithospheric loading, resulting in a series of foredeep sub-basins in the area of

interest. Clays were deposited in these deepwater sub-basins, eventually becoming the thick shales

and marls that characterize the Cipero Formation. Thick sequences of sandstone, deposited via

gravity flows, are known to be present near sediment supply areas and feeder canyons/channels in

the slope. Accumulations of these slope and basin floor turbidite fans are known as the Nariva,

Retrench, Herrera and Karamat Sandstones.

Tectonic activity increased dramatically in the area during the Mid-Miocene. The Cipero Formation

and the turbidite accumulations within were folded and thrust faulted into a series of high amplitude,

asymmetric, east-northeast trending anticlines, and detached overthrusts. Continued uplift and

exposure and erosion of these structures at the end of the Mid-Miocene resulted in extensive

beveling of the highs, and the creation of a much more even surface.

By Late Miocene time, compressional forces in the areas gave way to largely extensional ones. A

relative drop in sea level brought marine conditions to the area again. The rocks deposited at this

time suggest a largely transgressional/progradational sequence, with the calcareous shales of the

Lengua Formation giving way to the coarser clastics characteristic of the deltaic deposits of the

Pliocene age Formations, including the Cruse, Forest, and Morne L’Enfer Formations. However,

compressional forces returned in the late Pliocene to Pleistocene, adding another layer of structural

complexity to the basin.

The onshore Southern Basin in Trinidad is a well-known, prolific petroleum producing province.

Producing reservoirs within the basin include the Morne L'Enfer, Forest, Cruse, Karamat, and

Herrera Formations. These reservoirs occur at depths ranging from 300 to 12,000 feet. The source

rock for these hydrocarbons is generally accepted to be the organic rich Cretaceous Naparima Hill

Formation. Oil is believed to have migrated into the reservoirs along fractures associated with recent

tectonism such as the Los Bajos Fault zone.

Reserves Methodology Reserves have been attributed to wells in the Cruse, Forest and Morne L’Enfer Formations. Forecast

production for all the properties has been conducted using decline curve analysis, as, in general, the

estimation of oil initially-in-place (OIIP) for individual pools is often hindered by lack of open hole

Page: 41 of 71

Page 42: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

well log data. While log data is available for the majority of the wells within the field, the log suite

typically includes only a spontaneous potential (SP) log and resistivity log. General checks on the

OIIP where calculated have been made, and the recovery factors calculated are reasonable.

Often, the operational conditions of each well (e.g. downtime, swabbing) made it difficult to identify

trends on an individual well basis. In addition, many of the wells were completed in several

formations, and have commingled production rates reported. As such, individual well and total pool

production decline analysis has been utilized to estimate the producing reserves, where historical

trends of production are extrapolated from expected initial daily rates, using hyperbolic decline

exponents, to expected final rates. Forecasts have been developed with consideration to oil cut, total

fluid rates and production on-time.

In addition to the producing reserves, GLJ has reviewed the proposed development programs as

outlined by the Company for each property. For the Barrackpore, Coora, Fyzabad, Palo Seco, San

Francique, WD-4 and WD-8 properties, additional undeveloped reserves were assigned, which

include infill, replacement and sidetrack wells. The locations were chosen to access reservoir

units with significant remaining reserves potential.

GLJ has audited the net pay mapping as provided by the Company, and examined in detail the

wells that immediately offset a proposed location. Offset wells reviewed by GLJ were used as

analogies in volumetric reserve estimates at the proposed infill locations. Audited net pay maps

were used to estimate volumes of OIIP that may be accessed by each reservoir horizon at a

proposed infill location. Production allocation was used to estimate recovery to date on a zone

basis in the area of proposed infill locations and to estimate the volume of oil that may be

recovered by each of the infill locations. In areas that appear to have a high recovery factor to

date, or have recently recorded low reservoir pressures, the assigned reserves were reduced to

acknowledge these risks.

In addition to development locations, the Company has historically undertaken several workovers

and recompletions every year. As such, there is significant upside associated with workovers and

recompletions. GLJ has estimated EURs based on the response of previous workovers and

recompletions carried out in the field. GLJ has included additional reserves associated with these

candidates in the WD-4, WD-8, Coora and Fyzabad properties, in the proved, proved plus probable

and proved plus probable plus possible developed non-producing reserves categories.

Production Forecasts

In establishing all production forecasts, consideration was given to existing gas contracts and the

possibility of contract revisions, to the operator's plans for development drilling and to reserves

Page: 42 of 71

Page 43: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

and well capability. Generally, development drilling in an area was not considered unless there

was some indication from the operator that drilling could be expected.

The on-stream date for currently shut-in reserves was estimated with consideration given to the

following:

• proximity to existing facilities • plans of the operator • Economics

Details of the reserves, NPV and forecast 2017 production associated with each property for all

reserves categories can be found in the indexed tab entitled “Summary of Reserves and Values” as

located in the Summary section of this report, and as illustrated on the Company Production,

Reserves and Present Value Summary Table.

ECONOMIC PARAMETERS

Pertinent economic parameters are listed as follows:

a) The effective date is December 31, 2016.

b) Operating and capital costs were estimated in 2017 dollars and then escalated as summarized in

the Product Price and Market Forecasts section of this report.

c) Economic forecasts were prepared for each property on a before income tax basis. Detailed

discounting of future cash flow was performed using a discount factor of 10.0 percent with all

values discounted annually to December 31, 2016, on a mid-calendar-year basis.

d) Royalty holidays applicable to existing wells or forecast drilling are included in individual

well economics. These credits are itemized within the property reports.

e) Field level overhead charges have been included; recovery of overhead expenses has not been

included.

f) The Company’s office G&A costs have not been included.

g) Abandonment and reclamation costs for all existing and future wells to which reserves have been

assigned have been included at the property level. Costs have been scheduled five years after the

last year of production for each well. Additional abandonment and reclamation costs associated

with pipelines and facilities have not been included in this analysis.

Page: 43 of 71

Page 44: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

Page: 44 of 71

Page 45: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

OIL EQUIVALENT OR GAS EQUIVALENT

In this report, quantities of hydrocarbons have been converted to barrels of oil equivalent (boe);

or to sales gas equivalent (sge) using factors of 6 Mcf/boe for gas, 1 bbl/boe for all liquids, and

0 boe for sulphur. Users of oil equivalent values are cautioned that while boe based metrics are

useful for comparative purposes, they may be misleading when used in isolation.

LIST OF ABBREVIATIONS

AOF absolute open flow bbl barrels Bcf billion cubic feet of gas at standard conditions BIIP bitumen initially-in-place boe barrel of oil equivalent, in this evaluation determined using 6 Mcf/boe

for gas, 1 bbl/boe for all liquids, and 0 boe for sulphur bopd barrels of oil per day Btu British thermal units bwpd barrels of water per day DSU drilling spacing unit GCA gas cost allowance GIIP gas initially-in-place GOC gas-oil contact GOR gas-oil ratio GORR gross overriding royalty GWC gas-water contact Mbbl thousand barrels Mboe thousand boe Mcf thousand cubic feet of gas at standard conditions Mcfe thousand cubic feet of gas equivalent Mlt thousand long tons M$ thousand dollars MM$ million dollars MMbbl million barrels MMboe million boe MMBtu million British thermal units MMcf million cubic feet of gas at standard conditions MRL maximum rate limitation Mstb thousand stock tank barrels MMstb million stock tank barrels NGL natural gas liquids (ethane, propane, butane and condensate) NPI net profits interest OIIP oil initially-in-place ORRI overriding royalty interest OWC oil-water contact P&NG petroleum and natural gas PIIP petroleum initially-in-place psia pounds per square inch absolute psig pounds per square inch gauge PVT pressure-volume-temperature

Page: 45 of 71

Page 46: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

RLI reserves life index, calculated by dividing reserves by the forecast of first year production

scf standard cubic feet sge sales gas equivalent – if presented in this evaluation, determined using 1

barrel of oil or natural gas liquid = 6 Mcfe; 0 for sulphur stb stock tank barrel WI working interest WTI West Texas Intermediate

Page: 46 of 71

Page 47: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

PRODUCT PRICE AND MARKET FORECASTS January 1, 2017

GLJ Petroleum Consultants has prepared its January 1, 2017 price and market forecasts as

summarized in the attached Tables 1, 2 and 3 after a comprehensive review of information.

Information sources include numerous government agencies, industry publications, Canadian oil

refiners and natural gas marketers. The forecasts presented herein are based on an informed

interpretation of currently available data. While these forecasts are considered reasonable at this

time, users of these forecasts should understand the inherent high uncertainty in forecasting any

commodity or market. These forecasts will be revised periodically as market, economic and

political conditions change. These future revisions may be significant.

Page: 47 of 71

Page 48: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

ICE Brent Near Light, Sweet Bow River WCS Heavy Light Sour Medium

Month Contract Crude Oil Crude Oil Crude Oil Crude Oil Crude Oil Crude Oil

Crude Oil (40 API, 0.3%S) Stream Quality Stream Quality Proxy (12 API) (35 API, 1.2%S) (29 API, 2.0%S)

CADUSD FOB North Sea at Edmonton at Hardisty at Hardisty at Hardisty at Cromer at Cromer Edmonton

Exchange Constant Then Then Then Then Then Then Then Then Spec Edmonton Edmonton C5+

Inflation Rate 2017 $ Current Current Current Current Current Current Current Current Ethane Propane Butane Stream Quality

Year % USD/CAD USD/bbl USD/bbl USD/bbl CAD/bbl CAD/bbl CAD/bbl CAD/bbl CAD/bbl CAD/bbl CAD/bbl CAD/bbl CAD/bbl CAD/bbl

2007 2.1 0.9352 85.35 72.39 72.71 77.06 53.64 52.38 43.42 71.13 65.71 N/A 49.56 61.78 77.38

2008 2.4 0.9428 114.99 99.64 98.30 102.90 84.31 82.95 74.94 96.08 93.10 N/A 58.38 75.33 104.78

2009 0.4 0.8798 69.60 61.78 62.50 66.32 60.18 58.66 54.46 63.84 62.96 N/A 38.03 48.17 68.17

2010 1.8 0.9711 89.25 79.52 80.25 77.87 68.45 67.27 60.76 76.58 73.76 N/A 46.84 65.91 84.27

2011 2.9 1.0115 104.91 95.12 110.86 95.53 78.59 77.14 67.64 92.35 88.33 N/A 53.66 74.42 104.17

2012 1.5 1.0009 100.94 94.21 111.71 86.60 74.42 73.13 63.64 84.51 81.37 N/A 29.04 66.70 100.84

2013 0.9 0.9711 103.41 97.96 108.77 93.47 76.33 75.01 65.11 92.30 88.13 N/A 38.88 68.81 104.70

2014 1.9 0.9055 97.24 93.00 99.71 94.58 81.08 81.03 73.73 92.68 89.67 N/A 45.53 69.20 102.44

2015 1.1 0.7831 50.04 48.78 53.60 57.20 45.50 44.82 39.25 55.49 51.87 N/A 6.49 36.75 60.42

2016 1.5 0.755 43.93 43.30 45.01 52.95 39.71 38.84 32.66 51.34 48.71 N/A 13.03 34.36 56.12

2017 Q1 2.0 0.750 54.00 54.00 56.00 68.00 52.70 52.02 45.41 66.64 63.24 11.48 29.24 48.96 70.72

2017 Q2 2.0 0.750 54.00 54.00 56.00 68.00 52.70 52.02 45.41 66.64 63.24 10.99 26.52 48.96 70.72

2017 Q3 2.0 0.750 56.00 56.00 58.00 70.67 55.33 54.63 47.96 69.25 65.72 10.99 27.56 50.88 73.49

2017 Q4 2.0 0.750 56.00 56.00 58.00 70.67 55.33 54.63 47.96 69.25 65.72 11.15 30.39 50.88 73.49

2017 Full Year 2.0 0.750 55.00 55.00 57.00 69.33 54.02 53.32 46.69 67.95 64.48 11.15 28.43 49.92 72.11

2018 2.0 0.775 57.84 59.00 61.00 72.26 57.52 56.79 50.40 70.81 67.20 9.92 26.74 54.19 74.79

2019 2.0 0.800 61.51 64.00 66.00 75.00 62.02 61.27 55.03 73.50 69.75 10.52 26.25 56.25 78.75

2020 2.0 0.825 63.14 67.00 70.00 76.36 63.76 63.00 56.96 74.84 71.02 11.27 26.73 57.27 79.80

2021 2.0 0.850 65.59 71.00 74.00 78.82 66.68 65.90 59.95 77.25 73.31 11.87 27.59 59.12 82.37

2022 2.0 0.850 67.02 74.00 77.00 82.35 70.25 69.42 63.43 80.71 76.59 12.54 28.82 61.76 86.06

2023 2.0 0.850 68.37 77.00 80.00 85.88 73.77 72.91 66.99 84.16 79.87 13.20 30.06 64.41 89.32

2024 2.0 0.850 69.64 80.00 83.00 89.41 77.34 76.45 70.48 87.62 83.15 13.56 31.29 67.06 92.99

2025 2.0 0.850 70.84 83.00 86.00 92.94 80.86 79.93 73.63 91.08 86.44 13.83 32.53 69.71 97.59

2026 2.0 0.850 72.00 86.05 89.64 95.61 84.43 83.47 77.54 93.70 88.92 14.13 33.46 71.71 99.91

2027+ 2.0 0.850 72.00 +2.0%/yr +2.0%/yr +2.0%/yr +2.0%/yr +2.0%/yr +2.0%/yr +2.0%/yr +2.0%/yr +2.0%/yr +2.0%/yr +2.0%/yr +2.0%/yr

A historical futures contract price is an average of the daily settlement price of the near month contract over the calendar month.

Revised 2016-12-31

Table 1

GLJ Petroleum Consultants

Crude Oil and Natural Gas Liquids

Price Forecast

Effective January 1, 2017

Cushing, OK

NYMEX WTI Near

Month Contract Alberta Natural Gas Liquids

Crude Oil at (Then Current Dollars)

Page: 48 of 71

Page 49: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

Midwest Alliance Alberta

Price AECO/NIT Transfer Pool Sulphur Sulphur

at Chicago Spot Spot

Constant Then Then Then Then Constant Then Westcoast Spot FOB at Plant

2017 $ Current Current Current Current 2017 $ Current ARP SaskEnergy Spot Sumas Spot Station 2 Plant Gate Vancouver Gate

Year USD/MMBtu USD/MMBtu USD/MMBtu CAD/MMBtu CAD/MMBtu CAD/MMBtu CAD/MMBtu CAD/MMBtu CAD/MMBtu CAD/MMBtu USD/MMBtu CAD/MMBtu CAD/MMBtu USD/lt CAD/lt

2007 8.39 7.12 6.83 6.45 N/A 7.34 6.23 6.20 6.18 6.35 6.52 6.40 6.16 81.66 42.03

2008 10.27 8.90 8.91 8.16 N/A 9.15 7.94 7.88 8.07 8.04 6.47 8.21 7.99 497.39 488.63

2009 4.69 4.16 4.05 3.99 N/A 4.27 3.79 3.85 3.87 3.83 3.80 3.90 3.70 57.06 24.57

2010 4.93 4.40 4.53 4.01 N/A 4.24 3.78 3.77 3.96 3.85 4.12 3.78 3.63 88.94 48.26

2011 4.44 4.03 4.21 3.62 N/A 3.77 3.42 3.46 3.57 3.58 3.90 3.33 3.18 217.16 171.93

2012 3.03 2.83 2.92 2.40 N/A 2.37 2.21 2.25 2.31 2.26 2.70 2.30 2.12 201.03 157.91

2013 3.93 3.73 3.81 3.18 N/A 3.12 2.96 2.98 3.09 3.10 3.71 3.14 2.94 105.74 74.02

2014 4.47 4.28 5.36 4.50 N/A 4.45 4.26 4.22 4.39 4.42 4.37 4.29 4.07 145.41 110.41

2015 2.70 2.63 2.85 2.70 N/A 2.53 2.47 2.56 2.71 2.61 2.31 1.80 1.59 139.61 128.14

2016 2.59 2.55 2.48 2.19 2.31 1.98 1.95 1.95 2.22 2.09 2.18 1.78 1.60 82.84 60.06

2017 Q1 3.70 3.70 3.85 3.55 3.55 3.30 3.30 3.30 3.40 3.45 3.45 2.95 2.78 80.00 56.67

2017 Q2 3.55 3.55 3.55 3.41 3.41 3.16 3.16 3.16 3.26 3.31 2.75 2.91 2.73 80.00 56.67

2017 Q3 3.55 3.55 3.55 3.41 3.41 3.16 3.16 3.16 3.26 3.31 2.95 2.91 2.73 90.00 70.00

2017 Q4 3.60 3.60 3.65 3.46 3.46 3.20 3.20 3.20 3.30 3.36 3.40 2.96 2.78 90.00 70.00

2017 Full Year 3.60 3.60 3.65 3.46 3.46 3.20 3.20 3.20 3.30 3.36 3.14 2.93 2.76 85.00 63.33

2018 3.14 3.20 3.25 3.10 3.10 2.79 2.85 2.85 2.95 3.00 2.80 2.70 2.52 100.00 79.03

2019 3.27 3.40 3.45 3.27 3.27 2.91 3.02 3.02 3.12 3.17 3.00 2.97 2.80 102.00 77.50

2020 3.39 3.60 3.65 3.49 3.49 3.05 3.24 3.24 3.34 3.39 3.30 3.19 3.01 104.04 76.11

2021 3.51 3.80 3.85 3.67 3.67 3.15 3.41 3.41 3.51 3.57 3.60 3.37 3.19 106.12 74.85

2022 3.62 4.00 4.05 3.86 3.86 3.26 3.60 3.60 3.70 3.76 3.80 3.56 3.38 108.24 77.34

2023 3.73 4.20 4.25 4.05 4.05 3.37 3.79 3.79 3.89 3.95 4.00 3.75 3.57 110.41 79.89

2024 3.75 4.31 4.36 4.16 4.16 3.39 3.90 3.90 4.00 4.06 4.11 3.86 3.68 112.62 82.49

2025 3.75 4.39 4.44 4.24 4.24 3.39 3.97 3.97 4.07 4.14 4.19 3.94 3.76 114.87 85.14

2026 3.75 4.48 4.53 4.32 4.32 3.40 4.06 4.06 4.16 4.22 4.28 4.02 3.84 117.17 87.85

2027+ 3.75 +2.0%/yr +2.0%/yr +2.0%/yr +2.0%/yr 3.40 +2.0%/yr +2.0%/yr +2.0%/yr +2.0%/yr +2.0%/yr +2.0%/yr +2.0%/yr +2.0%/yr +2.0%/yr

Unless otherwise stated, the gas price reference point is the receipt point on the applicable provincial gas transmission system known as the plant gate.

The plant gate price represents the price before raw gas gathering and processing charges are deducted.

AECO/NIT Spot refers to the same-day spot price averaged over the period. Revised 2016-12-31

Table 2

GLJ Petroleum Consultants

Natural Gas and Sulphur

Price Forecast

Effective January 1, 2017

Spot

British ColumbiaSaskatchewan Plant GateAlberta Plant GateNYMEX Henry Hub

Near Month Contract

Page: 49 of 71

Page 50: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

CADUSD GBPUSD EURUSD

Exchange Exchange Exchange Then Then Then Then Then Then Then Then Then Then Then Then Then Then

Inflation Rate Rate Rate Current Current Current Current Current Current Current Current Current Current Current Current Current Current

Year % USD/CAD USD/GBP USD/EUR USD/bbl CAD/bbl USD/bbl CAD/bbl USD/bbl CAD/bbl USD/bbl CAD/bbl USD/MMBtu CAD/MMBtu USD/MMBtu CAD/MMBtu USD/MMBtu CAD/MMBtu

2007 2.1 0.9352 2.0017 1.3393 72.39 76.89 75.36 80.13 59.69 63.30 72.71 77.33 7.12 7.65 6.33 6.84 6.14 6.44

2008 2.4 0.9428 1.8514 1.4573 99.64 104.27 102.31 107.04 83.90 87.62 98.30 102.81 8.90 9.36 8.32 8.77 11.41 12.12

2009 0.4 0.8798 1.5649 1.3930 61.78 69.57 64.31 72.52 56.46 63.55 62.50 70.47 4.16 4.75 3.35 3.87 4.95 5.68

2010 1.8 0.9711 1.5465 1.3274 79.52 81.85 82.78 85.20 70.29 72.35 80.25 82.58 4.40 4.53 3.83 3.96 6.39 6.58

2011 2.9 1.0115 1.6038 1.3920 95.12 94.02 112.33 111.03 98.60 97.52 110.86 109.57 4.03 3.98 3.62 3.58 9.35 9.25

2012 1.5 1.0009 1.5854 1.2861 94.21 94.11 111.77 111.62 99.60 99.50 111.71 111.57 2.83 2.82 2.72 2.72 9.38 9.37

2013 0.9 0.9711 1.5645 1.3285 97.96 100.95 106.19 109.32 97.26 100.13 108.77 112.04 3.73 3.84 5.78 5.94 10.50 10.82

2014 1.9 0.9055 1.6472 1.3288 93.00 102.50 94.24 103.88 85.79 94.53 99.71 109.89 4.28 4.72 7.11 7.86 8.25 9.12

2015 1.1 0.7831 1.5283 1.1097 48.78 62.12 49.43 62.97 44.02 55.99 53.60 68.23 2.63 3.36 3.92 4.94 6.52 8.31

2016 1.5 0.755 1.356 1.107 43.30 57.20 45.01 59.46 36.27 47.89 45.01 59.45 2.55 3.38 2.25 3.00 4.65 6.16

2017 Q1 2.0 0.750 1.250 1.050 54.00 72.00 55.44 73.92 47.04 62.72 56.00 74.67 3.70 4.93 6.65 8.87 6.00 8.00

2017 Q2 2.0 0.750 1.250 1.050 54.00 72.00 55.44 73.92 47.04 62.72 56.00 74.67 3.55 4.73 2.03 2.70 5.50 7.33

2017 Q3 2.0 0.750 1.250 1.050 56.00 74.67 57.42 76.56 48.72 64.96 58.00 77.33 3.55 4.73 2.03 2.70 5.50 7.33

2017 Q4 2.0 0.750 1.250 1.050 56.00 74.67 57.42 76.56 48.72 64.96 58.00 77.33 3.60 4.80 3.56 4.75 6.00 8.00

2017 Full Year 2.0 0.750 1.250 1.050 55.00 73.33 56.43 75.24 47.88 63.84 57.00 76.00 3.60 4.80 3.57 4.76 5.75 7.67

2018 2.0 0.775 1.250 1.050 59.00 76.13 60.39 77.92 51.85 66.90 61.00 78.71 3.20 4.13 3.17 4.08 6.00 7.74

2019 2.0 0.800 1.250 1.050 64.00 80.00 65.34 81.67 56.76 70.95 66.00 82.50 3.40 4.25 3.36 4.20 6.25 7.81

2020 2.0 0.825 1.250 1.050 67.00 81.21 69.30 84.00 60.20 72.97 70.00 84.85 3.60 4.36 3.56 4.32 6.50 7.88

2021 2.0 0.850 1.250 1.050 71.00 83.53 73.26 86.19 64.38 75.74 74.00 87.06 3.80 4.47 3.76 4.42 6.75 7.94

2022 2.0 0.850 1.250 1.050 74.00 87.06 76.23 89.68 67.76 79.72 77.00 90.59 4.00 4.71 3.96 4.66 6.89 8.10

2023 2.0 0.850 1.250 1.050 77.00 90.59 79.20 93.18 70.40 82.82 80.00 94.12 4.20 4.94 4.16 4.89 7.02 8.26

2024 2.0 0.850 1.250 1.050 80.00 94.12 82.17 96.67 73.04 85.93 83.00 97.65 4.31 5.07 4.26 5.02 7.16 8.43

2025 2.0 0.850 1.250 1.050 83.00 97.65 85.14 100.16 76.54 90.05 86.00 101.18 4.39 5.16 4.34 5.11 7.31 8.60

2026 2.0 0.850 1.250 1.050 86.05 101.24 88.74 104.40 79.78 93.86 89.64 105.46 4.48 5.27 4.43 5.21 7.45 8.77

2027+ 2.0 0.850 1.250 1.050 +2.0%/yr +2.0%/yr +2.0%/yr +2.0%/yr +2.0%/yr +2.0%/yr +2.0%/yr +2.0%/yr +2.0%/yr +2.0%/yr +2.0%/yr +2.0%/yr +2.0%/yr +2.0%/yr

A historical futures contract price is an average of the daily settlement price of the near month contract over the calendar month.

Revised 2016-12-31

Table 3

GLJ Petroleum Consultants

Interna onal and Fron er

Price Forecast

Effective January 1, 2017

NationalMonth Contract Louisiana

NYMEX WTI Near Light

Month Contract

Balancing Point

(UK)

Nova Scotia

Goldboro

NYMEX Henry Hub

Near Month ContractCrude Oil

ICE Brent Near

Cushing, OK Crude Oil

Crude Oil at Sweet Crude Oil

FOB North Sea

Mexican Mayan

Page: 50 of 71

Page 51: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

Page: 51 of 71

AFTER TAX ANALYSIS

TABLE OF CONTENTS

Page

DISCUSSION 52

SUMMARY OF RESERVES AND VALUES 54

May 19, 2017 09:56:21

Page 52: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

AFTER TAX ANALYSIS

Trinidad

Trinidad and Tobago income taxes were calculated based on currently legislated federal and, tax

regulations and tax pool information provided by the Company. After tax values for reserves

development status or production status subcategories (i.e. developed, undeveloped, producing,

non-producing) are calculated by difference.

Tax Pools

The following tax pools as of the effective date were included in the income tax calculations:

Tax Pool Classification Write-Off Rate (%)_ Tax Pool (CAD M$) Total Tangible/Intangible 20 12,651 Non-Capital Loss 100 27,815

Tax Rates Tax rates for Trinidad are calculated based on currently legislated tax rates, tax regulations and

tax pool information provided by the Company.

In addition to royalties, the Trinidad properties are subject to production levy, oil impost tax,

supplemental petroleum tax, unemployment levy, green fund levy and a petroleum profits tax.

The production levy is limited to 3 percent of the gross income from production. Oil impost tax

is paid annually by petroleum producing companies to pay for the annual expenses of the

Ministry of Energy for the administration of the petroleum industry. Oil impost payments are 1

percent of total sales and the green fund levy is 0.3 percent on gross sales. The supplemental

profits tax ("SPT"), applies only to liquids production (not natural gas) and varies with the price

received for liquid production, the date of the block license and whether the block is on or

offshore. The revenue base for the calculation of SPT is the gross income less royalties, 50

percent of geological and geophysical costs, 100 percent of direct exploration costs, 40 percent

of development expenses, and 100 percent of enhanced recovery costs. SPT rates applicable for

the Trinidad properties at various liquid prices are set out below:

Page: 52 of 71

Page 53: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

Weighted Average Crude Price (US$/bbl) SPT Rate (%) 0 to 49.99 0

50.00 to 90.00 18 90.01 to 199.99 18 + 0.2 × (Price-90)

200.00 and over 40

The petroleum profits tax ("PPT") and unemployment levy are 50 and 5 percent, respectively,

and are fixed by the Trinidad Government. The same revenue base is used for the calculation of

both the PPT and the unemployment levy and is the gross income less 100 percent of the royalty,

100 percent of the production levy, 100 percent of the SPT, 100 percent of workover allowance,

100 percent of dry hole expenditures, all heavy oil allowance, all operating and administrative

expenses and capital allowances (different capital items are allowed to be depreciated over

different timelines per Government regulations).

As of January 1, 2014, new PPT taxation legislation came into effect. In this new tax program,

costs will be contributed to tax pools as follows:

Allowance Write Off Schedule

Exploration 100% in year incurred

Development - Tangible 50% year 1, 30% year 2, 20% year 3

Development - Intangible 50% year 1, 30% year 2, 20% year 3

Workovers & Qualifying Sidetracks 100% deduction of all costs incurred

Page: 53 of 71

Page 54: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

Company: Touchstone Exploration Inc. Reserve Class: VariousProperty: Corporate Development Class: ClassificationsDescription: After Tax Analysis Pricing: GLJ (2017-01)

Effective Date: December 31, 2016

Summary of Reserves and Values

Proved TotalDeveloped Proved Proved

Proved Non- Undevelope Total Total Plus TotalProducing Producing d Proved Probable Probable PPP

MARKETABLE RESERVESLight & Medium Oil (Mbbl)Total Company Interest 3,955 735 2,890 7,580 5,914 13,494 17,514Working Interest 3,955 735 2,890 7,580 5,914 13,494 17,514Net After Royalty 2,297 618 1,960 4,874 4,207 9,082 11,819

Heavy Oil (Mbbl)Total Company Interest 651 213 533 1,397 808 2,205 2,862Working Interest 651 213 533 1,397 808 2,205 2,862Net After Royalty 555 191 474 1,220 714 1,934 2,511

Oil Equivalent (Mboe)Total Company Interest 4,606 948 3,423 8,977 6,722 15,698 20,376Working Interest 4,606 948 3,423 8,977 6,722 15,698 20,376Net After Royalty 2,852 809 2,434 6,094 4,922 11,016 14,330

BEFORE TAX PRESENT VALUE (M$)0% 135,098 49,825 112,953 297,876 327,003 624,878 882,3675% 83,260 41,109 83,755 208,125 220,427 428,551 580,2218% 68,943 37,019 71,157 177,119 183,025 360,143 481,07210% 62,240 34,654 64,199 161,093 163,770 324,863 431,26912% 56,935 32,531 58,161 147,628 147,706 295,334 390,24715% 50,732 29,732 50,503 130,967 128,052 259,018 340,56520% 43,305 25,887 40,562 109,753 103,515 213,269 279,046

AFTER TAX PRESENT VALUE (M$)0% 65,425 18,099 39,408 122,931 114,765 237,696 325,8885% 46,613 15,447 28,407 90,466 77,910 168,376 222,0228% 40,904 14,205 23,688 78,797 64,844 143,641 186,93610% 38,095 13,486 21,088 72,668 58,072 130,740 169,07312% 35,791 12,839 18,835 67,466 52,397 119,863 154,23515% 32,990 11,982 15,985 60,958 45,426 106,383 136,11020% 29,449 10,795 12,302 52,547 36,686 89,233 113,433

BOE Factors: HVY OIL 1.0 RES GAS 6.0 PROPANE 1.0 ETHANE 1.0COND 1.0 SLN GAS 6.0 BUTANE 1.0 SULPHUR 0.0

Run Date: May 19, 2017 09:49:57

1171277 Class (A,B1,B2,C,F,I,R), GLJ (2017-01), psum May 19, 2017 09:51:00

Page: 54 of 71

Page 55: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

APPENDIX I

CERTIFICATES OF QUALIFICATION

Trisha S. MacDonald

Tyler S. Schlosser

Gabriella Carrelli

Page: 55 of 71

Page 56: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

CERTIFICATION OF QUALIFICATION

I, Trisha S. MacDonald, Professional Engineer, 4100, 400 - 3rd Avenue S.W., Calgary, Alberta,

Canada hereby certify:

1. That I am an employee of GLJ Petroleum Consultants Ltd., which company did prepare a

detailed analysis of International oil properties of Touchstone Exploration Inc. (the

“Company”). The effective date of this evaluation is December 31, 2016;

2. That I am independent of the issuer, its directors, senior management and advisors of the

Company, and that I do not have, nor do I expect to receive any direct or indirect interest in

the securities of the Company or its affiliated companies;

3. That I attended the University of Calgary where I graduated with a Bachelor of Science

Degree in Oil and Gas Engineering in 2004;

4. That I am a Registered Professional Engineer in the Province of Alberta and a member in

good standing of APEGA (Association of Professional Engineers and Geoscientists of

Alberta);

5. That I have in excess of twelve years of experience in engineering studies relating to oil and

gas fields, and have the relevant and appropriate qualifications, experience and technical

knowledge to appraise professionally and independently the oil and gas assets owned by

the Company;

Page: 56 of 71

Page 57: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

6. That a personal field inspection of the properties

was not considered necessary in view of the information available from the files of the

Company, and the appropriate regulatory authorities;

7. The scope of the report is appropriate for disclosure and includes a

information required to be included as detailed in the AIM Guidance Note for Mining, Oil &

Gas Companies issued by the London Stock Exchange plc in June 2009.

That a personal field inspection of the properties was not made; however, such an inspection

was not considered necessary in view of the information available from the files of the

ropriate regulatory authorities;

The scope of the report is appropriate for disclosure and includes a

information required to be included as detailed in the AIM Guidance Note for Mining, Oil &

Gas Companies issued by the London Stock Exchange plc in June 2009.

was not made; however, such an inspection

was not considered necessary in view of the information available from the files of the

The scope of the report is appropriate for disclosure and includes and discloses all

information required to be included as detailed in the AIM Guidance Note for Mining, Oil &

Gas Companies issued by the London Stock Exchange plc in June 2009.

Page: 57 of 71

Page 58: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

CERTIFICATION OF QUALIFICATION

I, Tyler J. Schlosser, Professional Engineer, 4100, 400 - 3rd Avenue S.W., Calgary, Alberta, Canada

hereby certify:

1. That I am an employee of GLJ Petroleum Consultants Ltd., which company did prepare a

detailed analysis of International oil properties of Touchstone Exploration Inc. (the

“Company”). The effective date of this evaluation is December 31, 2016;

2. That I am independent of the issuer, its directors, senior management and advisors of the

Company, and that I do not have, nor do I expect to receive any direct or indirect interest in

the securities of the Company or its affiliated companies;

3. That I attended the University of Calgary where I graduated with a Bachelor of Science

Degree in Mechanical Engineering in 2007;

4. That I am a Registered Professional Engineer in the Province of Alberta and a member in

good standing of APEGA (Association of Professional Engineers and Geoscientists of

Alberta);

5. That I have in excess of ten years of experience in engineering studies relating to oil and gas

fields, and have the relevant and appropriate qualifications, experience and technical

knowledge to appraise professionally and independently the oil and gas assets owned by

the Company;

Page: 58 of 71

Page 59: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

6. That a personal field inspection of the properties was not made; however, such an inspection

was not considered necessary in view of the information available, the files of the Company,

and the appropriate regulatory authorities;

7. The scope of the report is appropriate for disclosure and includes and discloses all

information required to be included as detailed in the AIM Guidance Note for Mining, Oil &

Gas Companies issued by the London Stock Exchange plc in June 2009.

Page: 59 of 71

Page 60: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

CERTIFICATION OF QUALIFICATION

I, G. Gabriella Carrelli, Professional Geologist, 4100, 400 - 3rd Avenue S.W., Calgary, Alberta,

Canada hereby certify:

1. That I am an employee of GLJ Petroleum Consultants Ltd., which company did prepare a

detailed analysis of International oil properties of Touchstone Exploration Inc. (the

“Company”). The effective date of this evaluation is December 31, 2016;

2. That I am independent of the issuer, its directors, senior management and advisors of the

Company, and that I do not have, nor do I expect to receive any direct or indirect interest in

the securities of the Company or its affiliated companies;

3. That I attended the University of Calgary where I graduated with a Master’s Degree in

Geology in 2002;

4. That I am a Registered Professional Geologist in the Province of Alberta and a member in

good standing of APEGA (Association of Professional Engineers and Geoscientists of

Alberta);

5. That I have in excess of sixteen years experience in geological studies and evaluations of oil

and gas fields and have the relevant and appropriate qualifications, experience and technical

knowledge to appraise professionally and independently the oil and gas assets owned by

the Company;

Page: 60 of 71

Page 61: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

6. That a personal field inspection of the properties was not made; however, such an inspection

was not considered necessary in view of the information available from the files of the

Company, and the appropriate regulatory authorities;

7. The scope of the report is appropriate for disclosure and includes and all information required

to be included as detailed in the AIM Guidance Note for Mining, Oil & Gas Companies

issued by the London Stock Exchange plc in June 2009.

Page: 61 of 71

Page 62: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

Page: 62 of 71

Page 63: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

! !!

!

!

!

!

!

!!

!

!

!

!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!!

!

!

!

!

!

!

!

!

!

! !

!

!

!

!

!

!

!

!

! !

!

!

!

!

!

!

!

!!

!

!

!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!!

!!

!!

!

!

!

!!

!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!!

!

!

!

!!

!

!

!

!

!

!

!

!!!

!

!

!

!

!

!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!!

!

!!

!

!

!!!

!!

!

!

!

!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!!

!

!

!

!

!

!

!

! !

!

!

!

!

!

!

!

!

!

!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!!

!

!

!

!

!

!

!!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!!

!

!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

! !

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

! !

!!

!

!

!

!

!

!

!

!

!

!

! !

!

!

!

!

! !

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!!

!!

!

!

!

!

!

!

!

!

!

!

!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

! !

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

! !

!

!

!

!

!!

!

!

!

!

!

!!

!

!

!

!

!

!

!

!

!

!

!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

! !

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!!

!

!!!

!

!

!

!

!

!

!

!

!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

12

3

1

2 34

12

12

3

1

2

3

1

2

1 2

3 1

2 3

12 3

12

3 4

1

2

1 2

12

1 2

312

1

2

3

4

1

2

3

12

3

1

2

3

4

1 2

1234

1

2

1

2

3

4

122 3333 3

1

2

1

1

2

1 2

12 3

123 4

1 2 3 4

2345

1

2

3

4

56

01 23 4

56

01

2 345

0

1

2

0

1

234 5

1 23 4 5 6

0 1 2 3 4 5 6

01

23

45 6 7

8

1 2 3 4 5 6 7

1

2

1

2

1

1

2

12

1 2

1

1 1

2

1

2

1

111

1 2

3

11 2

12

3

45

67

1 2 3

1 2

3 4 5

123

4

5

6

7

5

6

12345

2

3

12

3

1 23

45

34

5

12

2

3

123

1 23 45 67 8

9

10

12

1

2

3

1

1234

1 2

1

1

1

2

1 2

11

1 1

1

21 2

11

1 2

1

2 1

2

11

11

11

2

1

2

1 2

12

1

1

2

12

11

2

0 1 2

34

5

6

1 23 45

6

0 1 2

3 4

5

6

2 3

4

5

6

12

1

2

1

1 2

1 2

1 2

12

12

123

1234

1 2 3

1 2 3

1 23

12

3

2

34

12 34

5 6

1

2

3

1 2 3

1

2

3

12

3

1 2 3

1 2 2 234

1 2 3

1 23

4

5

6

1 2

3

4

12 1

1 23

451

2

12 3

1

1

2 3

412

3

4

5

1

2

1 21

1

2

3

4

1

1 2 3 45

6

1

2 3 4

12

2 3

12

3

1

2 34 5

6

12

31

2

1 2 3 41 2

1

1

2

12

3 4

1 2

1 2 3

41

2

3

1 1

21 2

3

12

1

2

1

1 2 3 4

1

2

3

1 2

1 2

3

1

2

3 4

1

2

3

1

2 3 4

1

2

1

2

3

1 2 3 4 5

6

1

2 3

1 2

3

1

2 3 4 5

1

2 34 5

6

1

2 3 4

5 6

1 2 3

4

12

3 4 5 6

1 234

1 2

345 67 8

4

5 6 78

1 2

34 5

6 7

0 1 2 3 4 5 6

01

23

1 2 34

12

34

12

34

1

2

12 3

4

2

34

2345

1

2

3

4

1

1 2 3

41

2

1

2

34

11 2

34

1 2 3 4

1 2 3 4 5

2 3

4

2

34

12

3

4

5

2

3

4

1 2 3

4

12 34

1 2

3

4

12

3 4

123 4

1

2

3 4

51

1

2

3

11 23

4 1

2

3

1

12 3 4

51

2

1 2 3 4 51

2

1

1

2 3 4

1234 5 6 7

1

2

1 2

1

2 3 4

1 21

2

1

2 3 4

1 23 41

2

1

2

3

1 2 3

12

3

1 2 3

456

1 2 3 4 56

1

2

1 2 3 4 5 6

1 2 3 4

2

3

45

6

1 23

4

1

23

4

5 6

1 2

34

5

6

12

3 4 51

2 34

56

1

2

3

1

2 3 4

5

6

1 2

3412

3

1

2

3 4 5

1

2

3

4

1

2 3 4

1

2 3 4

1

2

3

45

1

2

3

1

2

3

4

1

2

3

4

1 2 34

123

123

1

1 2 34

1

23 4

5

6

1

2

3

1

12 34

1

2

3

4

5

12

123 45

1

2

34

1

2

3

4

1

2

3

1

2

3

4

1

2

3

451

2

3 4 5

1 2 3 4

5

61 2

3 4 5

12 3

4

5

6

12

3

4

5

6

1

2

3

4

5

1

2

3

4

5

6

23 45

6

12

1

2

1

2

1

21

2

12

1 2

1

2

3

1

1 2

1 23

4

1

2

12

3

1 2

1 2

1

21

2

1

2

12

1

2

1

2

1 2

1

212

1

2

1 2

1

2

1

2

1

2

1

2

1

2

1

2 1

2

1

1

2

12 1 2

1

2

1

2

12

3

4 5

1

2

1

2

12

1

2

1

2

1 2

1

2

1

2

1

2

11 2

12

3

4

5

1

21

1

21 2

1

1

12

1 2

1 23

1

2

1

2

12

1

2

1 2

1 2

1

2

1

2

1 2

1

2

1

2

1 2

1 2

1

2

1

2

1

12

1

2

1

2

1

2

1

2

12 34 5 6

1

2

1

2

12

3

1

2

3

1

2

1

2

1

21

2

1

2

1

2

1 2

1

2

1

2

1

2

3

4

1

2

1 2

1

2

1

2

1

2

3

1

2

1

2

1

2

3

4

1

2

3

12 3 4 5 6

1

1 2

3

1

2

3

4

1

2

1 2 34 56

1

2 3

1

2

34

1

2

3

1

2

1 2 34 5 612 3

1

2

12 3

45

6

1

2

3

1 21 2 3

45

6

1

2

3

1

2

1

2

3

4

1

2

1 2 34 5

1

2

1 2 34512

3

1 2

3 4 5

1 2344555

6

1

2

1 2

3 4 5

1

2 3

12 3

456

1234 5

6

1 234

5

6

1 2

1 2 3 4 51

21 2 3

123 4 5 6

123

4

5 6

1 2

3

45

6

1

2

3

4

1

2

3

1

2

12 3

4

5

12

3

12 3 4 5

6

1 212

123

12

3

23

4 56

123

12

3

12 3

1

233

1234

1 2 3 4

12

3

1

21 2

3

41 2

1 2 3 4

12345 1

2

3

1 2333 4 56123 4

1

2

3

1

2

3

1

2

1 2 3 4 5

1 2

1 2 3

1 23 4 5 6

1

2

3

4

1 2 34

5

6

1 2

3

1 234 5

6

1

2

3

1 23 4 5 6

1 23

45

6

1 2

3

1 23456

123 4

56 7 8

910

1112

13

1

2

3

12 3 4 567 8 912 3 4 5

6 7 8

1234 5 6 7 8 9 10

11

1

2345678910

123456789

12

1 23456

78

9

1

2

3

1

2 34

1 2

3

12

2

34

1 2

1 23

4

23

41

2

123 4

51 2

3

1 2 3 4 5

1 2 3

4

1 23 45

12 3 4 5

12 1 2 3

4

1 2

12345

1 2

12 3

4561 2

1234

1234

1

12 3 4 5

1 2 3

4

2

34

1

1 2

3

1 2

3 4

12

34

1 2 3 4 5

2 3 4

2

34

12

34

1 2345

1

234

5

12 3 4

1 2

345

12

3

4

1

234

12 3

1 2 344 5

1

2

34

12345

1 2

3 4

1234

12 3

4

1 23

4

1 2

34

5

1 2 3 4

234

2 34

5

1

2

3

4

5

1 2 3 4 5 6

12

3

4

5

6

1

2

3

4

5

1

2

3

4

1

2

3

4

1

2

34

5

1

2

3

4

5

1

23

45

6

1

2

3

4

5

1

2

3

4

5

1 2

3 4 5

1 2 3 4 5

1 2

3 4 5

12 34 5

1 2

3456

1 23

45

1

2

3

4

12

3

4

1 2

345

6

1

2

3

4

123

4 5

1

23 4

5 6

1

2

34 5

12

34 5

6

1 2 3 4

12

3 4

1 2

34

1

2

3

4

5

1

2

3

4

1

2

3

4

1

2

3

4

5

1

2

3

4

5

1

2

3

4

5

1

23 4 5

1

2

3

4

5

1

2

34

5

1

2

3

4

5

6

12

3

4

1

2 3 4

5

1 2

34

1

2

3

4

5

12

34

5

1

23 4

12345

2 34

5

1 2

3

4

5

12

3

4

1

2 3

4

1

2 3

4

1

2

34

5

12

34

5

1 2 3 4

5

1

2

1

2

3

4 5

1

2

3

4

5

1

2

3

45

1

2

3

4

1

2

34

1

2

12 34

123 4 5 6 7

8

9

10

11

1

2

12

1

2

3

4

5

6

1

1

1

2

1 2

1 2 34 5

1

2

3

4

1

2

1

2

1

1

23

4

1

1

12

1

2

1

2

1

2

1

2 3 4

5

1

2

3

4

1

2

3

4

1

2

1

0

1

2

1

2

3

4

012

12

3

4

12

3

1

2

23

1

2 3 4

1 2

3 23

1

2 3

1 2 31 2

3

12 3

123

1 2 3 4

12 3

12 3

12

3

4

5

6

1

2

3

1

2

3

4

1

1

2

3

1

2

3

4

1

2

3

4

12

3

4

1

2

3

4

1

2

3

1

2

3

01

2

3

4

WD_16

CO_1

CO_2

G. 17, N

G. 17, B

G. 17, I

G. 17, E

G. 17, C

G. 17, K

G. 17, F

G. 17, A

G. 17, GG. 16, H

G. 16, L

G. 17, J

G. 16, D

G. 17, O

G. 17, MG. 16, P

CooraQuar ry

CooraRiver

King

Junc

tion

Road 129

BeltonTrace

Antoi

ne Tr

ace

AntoineTrace

No. 11

Road

Hillvie

w La

ne

Quarr

yNo.

1Se

ttleme

nt

Ramdass Trace

Coora Road

Antoi

ne Tr

ace

Acce

ssRo

ad

Belton Trace

Road 33

Road 131

No. 5 Road

Road 115

Sook

ramTra

ce

# 9 Road

Robert Trace

Sand Pit Road

# 8 Road

Quarr

ySe

ttleme

nt No

.2

Coora

no. 3

Road

Quarry Settlement No. 1

Quarry Link Road

Road 128

Road 127

Petrotrin Field Road

Coora No.10 Road

Coora Road

Road

134

Road 134

Damus OilField Road

Road 126

Road 123

No.3Road

Coora

QuarryRoad

RidgeRoad

Coora No. 6

Road

No. 1

8 Roa

d AQS

Rodriguez Trace

Skinner Trace

Siparia Quarry

Road Ext.

Bali H

osein

Trace

Mahawal Road

Penal Quinam Road

Coora No. 11 Road

David Jackman Trace

Siparia

Quarry Road

Coora No. 5 Road

Santa Flora - Coora Road

Penal Quinam Road

Penal Quinam Road

Coora

Roa

d

Quina

m Ro

ad

Pena

l Quin

amRo

ad

Quinam Road

San FernandoSiparia Erin Road

Quarry PresbeterianPrimary School

Church

FieldOffice

RomanCatholicChurch

1AQS 921

1QU 334

1AQS 916

1CO 156

1QU 311

1QU 60

1AQS 927

1AQS 922

1CO 335

1QU 364

1CO 145

1QUN 22

1QU 282

1AQS 989

1MDB 35

1AQS 1012

1AQS 897

1QU 303

1CO 126

1QUN 5

1AQS 925

1QU 265

1AQS 10111AQS 918

1CO 334

1QU 320

1AQS 396

1CO 350

1AQS 992

1AQS 939

1MDB 14

1CO 348

1AQS 995

1QU 134

1AQS 919

1MDB 24

1QU 117

1CO 351

1QU 290

1AQS 926

1QU 109

1QUN 13

1QUN 51

1QU 315

1AQS 931

1QU 97

1QU 308

1MDB 36

1QU 351

1QU 309

1QU 220

1QUN 36

1QU 138

1QU 349ST

1AQS 898

1QUN 7

1QU 342

1AQS 964

1QU 324

1QU 337

1QUN 10

1QUN 6

1QUN 21

1QU 365

1AQS 920

1AQS 938

1CO 206

1AQS 951

1QU 143

1QU 103

1QU 307

1AQS 915

1AQS 930 1CO 152

1QU 218

1AQS 984

1AQS 876

1QU 325

1AQS 928

1QUN 20

1QU 108

1CO 337

1QU 317

1CO 220

1QU 53

1AQS 977

1QUN 1

1CO 354

1AQS 419

1AQS 1000

1QUN 11

1QU 102

1AQS 978

1QU 322

1QUN 12

1QU 318

1QU 150

1QUN 8

1QU 336

1QUN 2

1AQS 937

1CO 155

1QU 153

1CO 170

1QU 152

1QU 126

1QUN 18

1AQS 975

1QU 319

1QU 217

1CO 338

1QU 145

1CO 209

1CO 219

1QU 911QU 94

1QU 359

1AQS 1002

1QU 302

1QU 383

1QU 248

1MDB 8

1QU 316

1CO 200

1QU 330

1QU 132

1QUN 17

1CO 142

1CO 168

1CO 241

1QU 314

1QU 137

1QU 1421QU 355

1QUN 19

1CO 164

1AQS 974

1QU 65

1FZ 676

1CO 131

1AQS 965

1QU 148

1QU 328

1QU 345

1CO 352

1CO 208

1CO 232

1AQS 532

1CO 213

1CO 237

1CO 210

1CO 129

1AQS 10131AQS 535

1CO 197

1AQS 1001

1QU 105

1QUN 14

1CO 235

1QU 321

1CO 211

1CO 246

1QU 106

1CO 239

1QU 287

1QU 116

1CO 128

1QU 341

1QU 89

1QU 69

1MDB 17

1MDB 9

1CO 205

1QU 323

1QU 70

1QU 93

1AQS 936

1QUN 3

1QU 124

1QU 157

1CO 216

1CO 227

1QU 268

1QU 57

1CO 125

1QU 41

1QU 48

1MDB 11

1CO 117

1QU 264

1QU 370

1CO 140

1QU 156 1CO 280

1CO 346

1QU 362

1AQS 401

1QU 305

1MDB 15

1CO 178

1QU 349

1QU 131

1QU 115

1QU 363

1QU 327

1MDB 18

1QU 68

1CO 273

1CO 224ST

1QU 92

1CO 214

1CO 236

1AQS 409

1QUN 4

1QU 67

1QU 128

1QU 353

1CO 203

1QU 222

1CO 111

1CO 226

1CO 150

1QUN 46

1CO 304

1AQS 953

1QU 373

1MDB 20

1CO 222

1CO 165

1QU 154

1CO 326

1QU 44

1CO 240

1QU 61

1CO 124

1AQS 932

1CO 198

1QU 1231QU 122

1QU 42

1AQS 1010

1QU 155

1QU 63

1CO 228

1QUN 31

1QU 310ST

1CO 147

1CO 192

1QUN 44

1CO 160

1AQS 559

1QU 212

1QU 235

1MDB 16

1CO 121

1QU 372

1CO 247

1CO 154

1CO 229

1AQS 933

1CO 274

1QU 110

1QU 147

1MDB 2W

1CO 138

1QU 95W

1MDB 10

1QU 304

1AQS 450

1CO 1751CO 177

1CO 187

1CO 134

1CO 166

1QU 394

1CO 123

1QU 395

1CO 223

1CO 291

1QU 114

1QU 75

1CO 194

1CO 233

1QU 136

1CO 171

1QU 368

1CO 174

1CO 215

1AQS 934

1CO 122

1QU 186

1QU 50

1CO 242

1CO 204

1QU 99

1QU 49

1QU 164

1CO 158

1CO 363

1QU 421

1QU 144

1QU 412

1QU 119

1QU 146

1QU 72

1CO 207

1CO 218

1QU 211

1CO 225

1CO 290

1QU 224

1CO 141

1QU 208

1CO 230

1CO 275

1QU 111

1CO 167

1QU 38

1AQS 10301AQS 935

1QU 59

1QU 263

1CO 162

1CO 224

1QU 39

1CO 212

1QU 151

1FZ 672

1CO 145ST

1QU 257

1QU 73

1CO 161

1CO 323

1QU 77

1QU 340

1CO 139

1QU 82

1CO 153

1CO 244

1QU 76 1CO 148

1QU 331

1CO 231

1CO 157

1AQS 1004

1CO 115

1CO 207ST

1QU 360

1CO 144

1CO 282

1AQS 557

1CO 249

1QU 187

1CO 143

1CO 287

1QU 43

1QU 140

1QU 90W

1QU 139

1QU 87

1QU 133

1QU 306

1QU 344

1CO 159

1CO 254

1QU 81

1CO 207ST2

1AQS 520

1QU 239

1CO 112

1AQS 497

1QU 354

1QU 367

1CO 271

1CO 322

1CO 163

1QU 118

1AQN 684

1CO 344

1CO 172

1AQS 998

1QU 36

1CO 221

1CO 43

1MDB 13

1CO 314

1QU 247 1AQS 973

1CO 113

1AQS 880

1QUN 27

1QU 58

1QU 66

1QU 51

1CO 303

1CO 199

1QU 16

1QU 125

1AQS 976

1CO 307

1CO 3111QU 20

1CO 181

1CO 137

1QU 74

1CO 114

1CO 190

1QU 141

1CO 116

1QU 398

1QU 80

1CO 327

1QU 54

1CO 364

1QU 158

1CO 277

1CO 245

1QU 32

1CO 286

1QU 298

1CO 176

1CO 276

1QU 29

1FZ 688

1MDB 12

1QU 251

1QU 29

1QU 113

1AQS 471

1QU 179

1AQS 492

1CO 201

1CO 238

1CO 149

1QU 149

1QU 79

1CO 312

1QU 127

1QU 356

1QU 162

1QU 11

1QU 135

1CO 285

1CO 195

1QU 120

1CO 309

1QU 23

1QU 361

1QU 84

1QU 40

1AQS 1012ST

1QU 55

1QU 346

1CO 297

1QU 234

1AQS 1

1CO 315

1QU 351QU 329

1QU 375

1AQS 1029

1QU 83

1CO 190ST

1CO 173

1QU 225

1QU 108ST

1AQS 976ST

1CO 202

1QU 165

1QU 21

1AQS 305

1QUN 49

1QU 180

1QU 343

1QU 338

1QU 396

1CO 135

1QU 45

1QU 86

1QU 385

1QU 78

1CO 151

1CO 347

1AQS 1003

1QU 262

1QU 28

1CO 180

1QU 397

1QU 24

1QU 71

1QU 25

1QU 457

1QU 19

1AQS 406

1CO 183

1QU 183

1CO 146

1QU 389

1QU 47

1QU 374

1QU 245

1QU 313

1CO 184

1QU 289

1CO 360

1QU 37

1QU 130

1QU 14

1CO 306

1QU 369

1QU 295

1CO 361

1CO 191

1QU 390

1CO 301

1CO 182

1QU 250

1QU 3261QU 377

1CO 299

1QU 379

1CO 362

1QU 296

1QU 380

1QU 228

1QU 457ST

1QUN 48

1CO 365

1QU 249

1QU 347

1CO 185

1CO 355

1CO 265

1CO 3661QU 52

1QU 189

1QU 294

1QU 88

1QU 22

1QU 400

1QU 31

1AQS 561

1AQS 980

1CO 267

1QU 333

1CO 193

1CO 133

1CO 283

1QU 332ST

1QUN 50

1CO 256

1QU 399

1CO 349

1QU 3351CO 353

1CO 169

1QU 348

1QU 384

1QU 376

1CO 310

1QU 388

1QU 3101QU 332

1QU 339

1CO 234

1QU 378

1QU 252

1QUN 37

1QU 371

1QU 26

1QU 401X

1QU 85

1QU 254

1CO 359

1QU 231

1CO 188

1QU 121

1QU 358

1CO 318

1QU 163

1QU 350

1QU 382ST

1QU 129

1QU 381

1AQS 428

1CO 179

1QU 366X

1CO 186

1CO 119

1QU 237 1QU 297

1QUN 38

1QU 391

1QU 401

1CO 317

1CO 189

1CO 362RD

1QU 300

1CO 252

1QUN 43

1QUN 58

1CO 321

1QU 34

1CO 136

1QU 382

1QU 27

1CO 37

1QU 292X

1QU 261

1QU 260

1QU 18

1QU 279

1QU 30

1QU 259

1QUN 39

1QUN 41

1QUN 45

1QU 386

1CO 359X

1QUN 32

1CO 320

1CO 367

1QU 258

1QUN 47

1CO 196

1QU 256

1CO 316

1CO 302

1CO 325

1CO 319

1CO 317RD

1QU 292

1QUN 42

1QU 291

1QUN 40

1QUN 34

1CO 296

1CO 292

1CO 278

1CO 345

1CO 358

1CO 262

1CO 292X

1CO 295

1CO 313

1CO 264

1CO 293

1QUN 35

1CO 270 1CO 333

1CO 268

1CO 266

1QU 300X

1CO 261

1CO 279

1CO 294

1QU 300XST

1CO 298

1CO 281

1CO 308

1CO 300

1CO 305

1CO 94

1AQS 448

1QU 8

1AQS 543

1CO 55

1CO 332W

1CO 253

1CO 48

1AQS 552

1CO 13

1CO 76W

1QU 3

1CO 9

1AQS 444

1QU 447

1CO230W

1QU 425

1AQN 317

1QUN457ST

1AQS 337

1CO 73W

1CO 127

UBWI 4

1QUN 149

1AQS453

1CO 78

1AQS417

1AQS 499

1AQS 334

1CO 340W

1AQN 367

1CO 110

1CO 288

1CO 89

1AQN 3511AQN 342

1CO 272

1QU 77W

1AQS292

1CO 97

1AQS 456

1CO 69

1QU 9

1CO 15

1CO 232W

1CO 40

1QUN 24

1AQS 4611AQS 423

1CO 51

1CO 263

1CO 45

1AQS 297

1CO 88

1AQS431

1CO 96

1CO 30

1CO 81

1CO 62

1CO 67

1CO 19

1CO 105

1CO 77

1CO 20

1QU 13

1CO 115W

1CO 7

1AQS 441

1QUN 78

1AQS 382

1QU 33

1CO 71

1QUN 77

1QUN 72

1CO 63

1AQS 323

1AQS435

1CO 80

1CO 58

1QU 434

1CO 86

1CO 100

1QUN 79

1CO 11

1CO 39

1AQS 494

1QU 279

1CO 21

1QUN 92

1AQS 588

1CO 132

1AQN 309

1CO 250

1CO 85

1CO 57

1CO 92

1CO 258

1QUN 148

1CO 22

1CO289

1AQS 310

1AQN 313

1QU 229

1QU 4

1AQS 486

1QUN 76

1AQS 478

1CO 12

1QUN 70

1CO329W

1QU 219

1QUN 80

1QU 6

1CO 3

1CO 6W

1CO 73

1CO 10

1LB 12

1CO 259

1QUN 81

1QU 10

1AQS414

1CO 53

1AQN 377

1AQN 279

1CO 42

1CO 46

1QU 236

1AQS384

1QUN 90

1CO 99

1AQN 357

1CO 8

1CO 50

1QUN 25

1CO 217

1AQS 465

1AQS 531

1QU 235W

1QUN 60

1CO 343W

1CO 339W

1CO 53W

1AQS 4431CO 83

1AQN 339

1CO 93

1AQS 508

1AQS349

1QU 12

1QU 436

1AQS 572

1CO 2

1QUN 61

1AQS 356

1CO 38W

1AQS 345

1CO109

1CO 84

1CO 255

1QU449

1CO 44W

1CO 324W

1MDB 3W

1AQS 555

1QU 5

1CO 38

1CO 75

1CO 47

1QU 82

1CO 118

1CO 36

1CO 25

1CO 64

1CO 357W

1CO 72

1CO 2W

1CO 331W

1AQS 540

1QU 439

1CO 103

1AQS446

1AQS447

1QU 187

1CO 82

1CO 336W

1CO 981QU 428

1CO 341W

1AQN 363

1AQN 340

1AQS 523

1AQS389

1CO106

1CO 29

1CO330W

1QUN 73

1CO 54

1QU 112

1CO 104

1QU 441

1AQS 301

1CO 1W

1QUN 84

1AQS 468

1QU 72W

1CO 248

1CO 44

1QU 15

1QUN 71

1AQN 2

1CO 120

1CO 9W

1CO 6

1AQS 360

1CO 342W

1AQS 545 1CO 18

1CO 260

1QUN 74

1CO 32

1CO 91

1CO 26

1QU 1

1AQS 506

1AQS 512

1CO 257

1AQS 459

1CO 269

1CO 108

1QU 449ST

1QU 221

1CO 243

1CO14W

1CO 95

1CO 65

1QU 74W

1CO 70

1CO 356W

1CO 74

1CO 90

1AQS 576

1CO49W

1CO 130

1CO 28

1CO 49

1CO 61

1AQS 550

1CO 284

1AQS 528

1AQN 325

1AQN 330

1CO 27

1CO 16

1QU 7

1QUN 76ST

1QU 2

1QUN 75

1MDB 4

1CO 14

1CO 41

1CO 102

1AQN 350

1AQN 333

1CO 107

1AQS 476

1QUN 82

1CO 56

1CO 52

1CO 33

1AQS 502

1AQS 314

1AQS 483

1AQN 324

1AQS403

1CO 288W

1CO 5

1QU 17

1AQS 514

1QU 299W

1MDB 3

1CO 1

1AQS 369

1QU357

1QU 162W

1AQS 392

1AQS 411

1CO 35

1CO 24

1CO 34

1CO 60

1CO 4

1QU 230

1AQS 374

1AQS 490

1QU223

1CO 328W

1CO 17

1CO 59

1AQS341

1QU 226

1AQN 319

1CO 23

1CO 87

1QU 227

1AQS437

1CO 66W

1CO 101

1CO 79

1CO 31

1AQS 547

1CO 68

1QUN 83

1AQS434

1QUN 150

659,000

659,000

660,000

660,000

661,000

661,000

662,000

662,000

663,000

663,000

664,000

664,000

1,116

,000

1,116

,000

1,117

,000

1,117

,000

1,118

,000

1,118

,000

1,119

,000

1,119

,000

1,120

,000

1,120

,000

Document Path: Q:\Cartography_Job_Activity\Third_Party_Activity\FIELD_MAP_CO1_CO2_OCT_2016_JV.mxd

¯

V

enez

uela

Trinid

ad &

Toba

go

63 4 5 7

11

7170

6665646362

26

56555453

46454443

36353433

76

252423

1615141312

72 73 74 75

61

80

Trinidad

Venezuela

Gul f of Par i a

At lant i c Ocean

Car i bbean Sea

Columbus Channel

61°15'0"W

61°15'0"W

10°1

5'0"N

10°1

5'0"N

LegendPETROTRINWELLS

!

LEASE OPWELLS - CO1& CO2MAIN ROADSECONDARYROADRIVERSFIELDSBUFFER500FTBUILDING

PARTNERSFARM OUTLEASEOPERATOR...

0 0.50.25 Kilometers1:5,000

PETROLEUM COMPANY OF TRINIDAD AND TOBAGO LTD.

PREPARED BY: Cartographic Office

DATE: 15th December, 2016.

ROAD AND WELL MAPWell status as at last month.

COORA / QUINAM

LEASE OPERATORSHIP CO1 & CO2

Page: 63 of 71

Page 64: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

Page: 64 of 71

Page 65: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

Page: 65 of 71

Page 66: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

Page: 66 of 71

Page 67: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

Page: 67 of 71

Page 68: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

Page: 68 of 71

Page 69: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

Page: 69 of 71

Page 70: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!!

!

!

!

!

!

!

!

!

!

!

!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!!

!

!!

!

!

!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!!

!

!

!

!

!

!

!

!!

!

! !

!

!

!

!

!

! !

!

!

!

!

!

!

!

!!

!

!!

!

!

!

!

!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!!

!

!

!

!

!

!

!

!

!

!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

! !

!

!

!

!

!!

!

!

!

!

!!

!

!

!

!

!

!

!

!

!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!!

!

!

!

!

!

!

! !

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

! !

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

2 34 5

1

2

3

4

123

4

5

6

7

123

45

67

2 3

4 5 6

1

23

4

5

6

78

1 234

5 6

12 3

4 5 6

1 234 56 78

1

1

1234 5 67

1

2 3 45

12

34

123 1

2

3

1 2 3 4 5

1 2

123

4

5

67

123

4 5 67

123

1

2

3

4 5

1 2

3

45 6 7

1 2 3

4

1 2345

1

2 3 4

1

1 2 3

4

53 4 5 6 7

1 234

1 2

123 45

6 7 8

1

2

3

4

5

6

1 234 4 456

1 234

1

234

12 34

1

12 345 6

123

12

12333 4 5 6

7

12

1 2 3

2

3 45

6 7 8

1

1

23

1

1 234 5 6

1

2

3

1 2 3 4 5

12 3

123 4

5

67

123

4 5 6 7 8

1 2 34

1

1 2 34

12

1

2

3

45

6

1 23 4 56

7

123 456

12345

123

1

2

23 4

12

34 5 6

1

1234 5 6

1

1

2

1 234

1122 33

12

3

1

23

1

1

1

12

345

12345

67

12

1 2

3 4 5

12

3 4 56 7

1 2 3 4 5 67 8

1

12 3 4

1

1

1

2

3

4

5 6

12

3

4

5

12

3456

7

89

123456

1

2

23

4

567

8

1

1234

12

3

12 3 4

1234

1

1 23

1

1234

5

111 1222 2333 33 333444 44 4

1 234

56

1

1

11

1

12

3 4

5 6 7 8

12

2

34

56

12

3

4

5 678

12

34

12

3

4

567

1

123456

1 2 34 5

6 7

1234

1

2

345

1 2 3 45

67

1

1

23

4 5

1234

12 34 5 6

7

12

3

1

2

12 3 4

5 67

123

456

12345 6 7 8

1

12

3

4

5 6

7

123 45

123

12

3

4

5

6

1

1234 5 6

1234567

123

1222 333 444 555 5 5666 66

7

1

12 3 4 5 6

12

1

345 67 8

9

123

4

5

6

12

3

45 6

12

2 3 4 5 6

12

345 6

1

2

1

23

4 5

123

123

45 67

12 3 4

5 6 7

1

2

3 4 5

23 4 567

123

12

3 4

5

67

8

1

23

1 2

1 2

3456

12 3

1

1234567

1

2

34 5 6 7

12 3 45 6 7

1 2

3 4

5

1 2 3 4 5

1

123

12 34

5

12

1

1

2

3

1234

1 2

3

4

5

6

1

1 2 3

4 5 67 8

1

2

3

4

1

123 4 5 6

12 3 4567

12

3

4

1

234

567

1

2345

1

1

2

1 23 456

7

8

1

123

4

5

123

4 5

67

1

2

3456

1

2

3

4

5

6

7

1

12 3 4 5 6

1234

5 678

12 3

12 3 4

1

2

1234

23

456

2 3

1

2

34

1

1234

123

12

3

456

1

23

4

5

6

7

1234

56

78

1

1

1 2

3

45

6

1

1 2

345

1

2

123

4 5

67 8 9

1

2

123

1

2

3

4

5

6

7

8

12

3

12 3 4 5 6 7 8

123

122

34

1

1

12345

12 3456 7 8

1 2

3 4 5 67 8

45

12

1234567

1 23456

1234

12 3 4 5 6 78

1 2

3

4

1 2 3 4

56

1 2 3 4 5 6

1

123

4

5

6

123

1

23444

5

67

8 9

123

4567

1

2

3

1

234

5

61 23

45

67

1

1 2 3 4 5 6 7

12 3 4

567

1

123

12

3 4

1234

1 2345

1

234 5

1 2 3 4 5 6 7

1

2

3

1

2

3 4 5 6

123 4 5

1 234567

123456

1 23

45 6 7 8

12 3

1 2 3 4 5

1 2 3 4 5

1

23 45 6 7

1

2

3

4

5

6

7

12

3

4

56

12 3 4 5

1

23

4 5 6

1234

123

4

1

2

3

12

12

3

12

3

4

56

7

12

3

4

1234

1 2 3 4 5 6789

123

1

2

12 3 45 6

1

12 3 4

1 2

3

12345

1

2

34

5

12

34

567

123

1

1234

12

1

2

3 4 5

12

3

456

1

1 2 3 45

1

2

34

5

1

2

3

4

123

45

6

12 34

2345 6 7 8

1

2

3

1

2

34

56

1 2 3

45

1

23

4

123

4

56

7

8

9

11 2 3 4 5 6 7 8

123

1

23

45

1

12

1 2 3 45 6

12

1

1

1234

5

6

12

3

4

5

6 78

2

3

4 5 678

1

23

123456

1

1 2 34

5

12

3 4

1

1

1

2 3

4

5

123456

1

123 456

7

12

12345

1

12

123

1

12

2 3 4 5 678

23 4

567

1

1

123

4

567

1

1

2

3

45

123

456

7

1234

5

12

3

2

3

4

5 6

12

3

1

2

34

1

12 3

12345 6

123

123456

1

23

4

2 3 4 56

7

123

4

5

6

1 2 3 4 5 6

1

2

3

4

5

6

7

8

9

12

3

45 67

8

2

3 456

1

23

2345

2 3 4 5 6

7

12 3 4 5 6 7 8

1

12 3 4

5

123

1

2

1

1

1

23 4

1

2

3

4

5

6

1 2 3 4

5 6 7

1

1

1 23 4567

1

1

123456 78 9

1 2 3

4567

1

1 2

1

1

123 4 5 6

7

89

1

2

3

4 5

12

3

4

5

1

1

1234 5

1

2

12 3 4 5 6

123

4 5 6 7 8 9

1 23

1234 56

7

8

2 3 4

5 67 8

1

123456

1

2

3

4

5

6 7

8

1

1 2

3

1

2

3

1234

12

3

4

12

3

4

5

1

2

3

4

56

1 2 34

5 67 89

12

3 4 5 6

123

45

6

234

5 67

8

12345 6

1

1

12

34

5

1 12 23 3

4

4

5 5

1

1

23

45

1

2

3

4

5 6

1

2

3

4

5

123

4 5

6

12 3 4 56

123

1

23

45 6

2

3

4

5678

1 2 3 4 5 6 712

3

4 5

123456

1

2

12

1234

5

6

1

2 3

4 5 6

1

2

3 4 5 6

7

8

9

12 34

5

6

7 8

12

3

4

5

67

1 2 3 4

5

6 78

12 3 456 78

123

45678

9101112 13

1

1 2

3

4

5 6 7

12

3

4 567

123

456

1 2

1

1 212

3 4 5

123456

1 234

1

2

3

4 5

6

123

1

2

123

4 5 6 78

1

1 2345678

123 45 6 7

12

34

5

23

12

34 5

6

123

4 5

6 7

12 3 4

1 2 3456

12345 6

2 3 4 5

6 7 8

1

2

1 2 34

1

2

1

1

2

34

5

6

1 2 3 45

123456

1

1 2 3 4 5 6 7 8

1

123456

1

2 3

2 3 4

5 678

123

4

123

4 5 6 78

1

23

45

6

11

2

3

4

5

6

7 8

1

2 3 4 567891011

123

1

23

123 4 5 6

7

1

12

3

1 2 345

1

1

2

1

2

3

45 6 7 8

1

234

5 6 7 8

1

2

123 4

5

67

1 2 3 45

12

3

456

12 3

4 5

12

3 45

1

2

1 23

4

2 3 4567

1

2 1

1

1

23

1

2

3

4

1 2

1234

1 2 3 4 5

1

12

345

1

2

3 4

1

2

3

4

5

1

2

1

123 4 5 6 78

1 2 3

123

4 5

1 2 34

1

1

12

3 4 5 6 78

123456

1

123

123

1 2 3 4 5 67

1

2 3 4 56

7

8

1 233 3444555

6

12

3 4

1 2 3 4

12 3 4 5

1

12 3

4567

1

23 4 5

6 7

1

2

1

12

3

4567

12345

6

12

34

56

1

123

1

234

1

1 2

1 2 3 4

12

12

3

4

5

1

2

3

4

5

1

2

12 3 45

1 2 3 45

1 2 3 4 5 6

1 2 3

12 333

4 567

1

1

2

3

4

1 2 3 45 6

1234 56

7

8

12

3 4

5

6

123 4

56

1 2

3

4

5

6

12

3 4 56

12 3 4 5 6 78

1

123 4 5 6

1

2

2 345

1

2

3

4

5

6

12

3456

12 3 4 567

123

4

56 7 8

1

123 45

6789

1

12

1

123

4 5 6

2 3 4 5 6 7

1

12 3 4 5 6 7 8

1

1 2345

12

1 23 4 5 6

12

34

56

1

23

4

5

1

12 3

1

2

3

456

1

2 3 4 5 6 7

1 234

1

2

345 6 7

1

1 23 45

6

1 2

3 4 5

123

4

5 6 7 8

12 3 4

5

6 7 8

1 2 3 4 5 5 56

1 2345

1234567

12

3

4

56

2 3 4

1

2

1

2

3

4

567

12

1 23 4

1

23

12

3456

7

1 2 3

1

1

12

3 45 6

123

1 2

12 34

1 2 34

5

67

12 3 45

1

1

1

23

1234

1

2

12

3 4 5 6

12 34567

8

12345

1

1 23

1

23 45 6

12

345

1234

123

4 5

1234

1

2

345678

1

2

1

12 3

1

2

3

4 5

12

3

1

1

2345

12

1 23 45

1

12 3

4

5

6

7

8

4 5

1

2 3 4 5 6 7

12

12 34

2 3 4 5 6 7 8

1

2 3 4 5 6

1

1

12

12 3456

1

2

3

4

56

7 8

1

1 2 3 4 5 6 7 8 910

12

3

4 56 7 8 9

1 2

1

1

23

456

12

1

1

2

1 2

1 2

12

345

12

3 4 5 6 7

1234

1

12

3

12

345

12

12

34

1

2

1 2 3 45

6

45 67

1 2

1 2 34

1 2 3 4 5

1

123

4

2 3

4 5 6

12 3 4

1

12 3

4

1

2 3 4 567

1

2

3

1

2

123

12

1 23 45

1 2 34

56 7

12

3

4 5

12

12 223 334 444 4

1

1

1

12 34

1

123

45

23 4 567

1

2

1234

12

1

2

3

4

1234 56

123

1234 5

6

1

123

12 3456

1

1

1234

2

34 5

1

1

2 3 4 5 6 7 8

12345

1 2

2 3 4 5 6 7

1

1234

5 6

1

2

34

2 3

456

7 8

12 3 4 5

1 23

1 2 3 4 5

1

2

3

1

12345

1

1

2

3

4

5

1

2

1

1

2 33 3

4

567

1

1

2 3 4 5 67

12

3

4 566 6 7

1

23

1

2

3

4

1

1

23

4 5 6 789

12

123

12

34

1

12

3

4

5

6

7

8

12 3

1

123

45

6

1

1 23

12

123

1

1 2 3 45

1 2 3 4

2

3

456

1

234

5

6

78

12

3

4

5

6

1 2 3 4 567

1

12 3 4

12

3

4

5

6 7 8

1234

12 3 4

12

3 4 5

1

2

1234

5

2 3 4 5

6 78910 1112

1

1

1 2 3 4 5

1

2

34

122

33345

1

2

34567

1

12

3

4

1234

1

2

34

5

1

3 4 5 6 7 8

12

3

12 3 45 678

12 3 456

12

3

12 3

12

34

1

1

1

12 3

1

2

345

6

1 23 4 5

1 2

3

4 5

1

1

123

2 34

56

7

8

910

123 456

1 2 3 4 5

6

1

1234

12345

1 2 3 4 5 6 7 8

12 345

12 3 4

12

3 4 5 6

7

12

1 234 56

123 4 5 67

1 2

3

4

56

1

2

12

12 3 4 5

1

2

1 2 3 4 56

7

123 45 6

1

2

34 5

1

2

3

4567

123 4

51

12 22 3 3345

2

345678

1

12 34

56

1 2 3 4

1

2

123

12345678

1

23

123

4

1

1

123

1

2

123 4

1

123

4 5

1

1

1 2 3 4

1234

1234

5

1

12

3 4 5 678

123 4 5

6

7

122

3

4

5

6

7

89

1 2 34

5

123

4 44

5 6 7

1

12

3

456 7

12345

1 2 3 4 5 6

123

4

123456

1234

1

2

3

4

122 22 2

3

1

2 3

4 5

1

2

1 2 34

5

1 2

3

1 2 34 5

1

1 2 3

4 567

1

1 2

3

12

121

1 2 3 4 5 6 7

12

3

4

5 6

1

2 3

4

12

12

34

56 7

123

4

1 2

3 4567

1

123 1 2 3

1

2

34

1 2 3

1

2 34 5678

1 2

1

2

123

1

1 23

4

123

1 2 3 4 56

1

2 3 4

12

1

1

23 456 7

12

123456

1 2

1

1 234 5 6

1

2 3 4 5

6

12

34

5

6

7

1

23

4 56

2

3 4 56789

12 34

12 34

12

3 4

1 23 4 5

12345

6

1234567

1

2

1234

123 4 567

12

3

4

567

1 23 4

1 2

3 4

56

7

123

4

5

6

1

2

3 4

5

6

1

2

3

4

5

6

1

23

2 3 45

12

1

12

1 2

3

4

5

6

1 2

3

4

5

1234

5

6

1

2 3 4 5 6

12

3

1 23

1

1

12

3

45

67

1

2

34

5

1

1

12 3 456

123

1 2 3 4 56

7

2 3 4 5 6 78

1

2

3

4

5

67

1 2 3

123

4

5

12 3

1 2 3 4 5 67 8

1

123

45

2

3

4

5

6

23

4

5

1

123

4 5 67

12

123 4

12

1 2 3

1

2

3

4

2 3 4 5 6

1

1

2 3 4 5 6 78910

123

123

12345

1 2

1 2 3 45

123

4

5

6

7

12345

6

1

2

3

1

2

3

4

5

6

7

8

1

12

3

4

5

1 2 3 4 5

1

2

3

4

56

123

4

5 6 78

1

1

1

2

345

1

2

34

56

1

2

34

5

1

1

1

2 3 4 5

1

2 3 4

5

12 3

4 5678

1 2 3 45 6

1

12 2

1

123

1

2 3 4 5

1

2

1 2

12

3

1 2 3 4 5 6

1234

5678

12

2

34

567

8

1 2

123 4 5

1

234

1

1 2 3

1

2 3 4

1

2

1

2

12

3

4

1 2 3 4 5 6

123

12

1 2

12 3 4

1 23

1

1

2345

12 3 4

1

2 3 4 567

12 3

45

123 4 5 6

1

2

3 4

5 6

1 2

1

2

34

56

1

2

3

4 56 7

1 1112 222

12

1

2

3

4

5

1 2 3 4 5

1

2

3

4 5 6

1

2

3

4

5

6

12 3 4

1

2

3

1222

3

4

56

1 2 3 4567 8

12

3

123 4

12

3 4 5 67

8 9

1234

1 2

12 22

3

4

5

6

7 8 9

1

1 2 3 4 5 67

1234567

123

1 2

123 45

12345

1

1

2

34 5 6 7

12 12

345 6

12345

12

345

12345

1

222 3

1

2 3

4

5

1

12 3

4

5

6

123

1

1 2

3 4 5678

123

4

1

12345

6

2

3

11 23

456

1

23

4

12

3 4 5678

123

123 456

1 23

4

5

12

23

4

56

78

1

2

3

4

1

1

12

34

123

234

1

123

4 5

6

7

8

1

12

12345

6

7

89

1 2

123

4 56

1

2345

12 3

45

67

1

12

1

2

3

4

5

6

7

12 345 6 7

1

123 45 6 7

1234 5

1 2

12

3

4 5 67

8

9

1 2 3 45678

1

123

45

67

1 2 3

45 6 789

1 2

34

1

2

3

4

5

6

7

8

1 2 3 45

2345

23 4

11223333 4

1234

2

3 4 5 6

1

23

456

2 3456789

123

1

2

1

12

3 4

5

12

34567

1 2

3

45 6

1

2

3 4

5

6

1

2 3 4 56

7

12 3

4 5

6

1 2 3

1 2

3

4

5

1 23456 7

1

12 34 5

1

2

3

4

5

6

1

1

123

1

123

4 5 6 7

1 2 3

4 5

12

3

1

2 3

1

12 3 4 5

1

12

3

4

5

6

112

2 34

5 6 7 8

1234

1 23456

1 2 3 4

1

1

2

3

4

1

2 3 4 5 6

12

3 4 5

1

2

123

1

1 2 3 4 5

12

3

4

5

1

2 3

4

5

1

12

3

4

5 6 7 8

12

1

1

2

1234

1234

1

1

2

3

4

5

12

3

1 2

3 4 1 2

345 6 7

12

1

2

345

6

123

2345

123 4

56

123

4

12

1

1

1

1

2

3

12

3

11

1

2

3 456

1

2

34 56

12 3

12 3 4 5

1 23

12

3

4

56

1

2

11122

2 3333345

1

23

1

2 34

5

1 2 345

123 4

1

23

4

1

1

1

23

1 2 3 4 5 67 8

1 2 3 4 5 6

1

2

34

1

1

2 3 4 5 6 7 8

1

12

1 2 3 4 5

12

3

4 5

6

1

1

2 34

5

1

2

3 4 5

12

3

4 5 6

7

1234 5 6 7 8

112 3 4

3 456

7

1

12

3

4

5

6

7

89

123 45

1

1

2

3

4

5 6

1

23

12345

67

12

3 4

5

23

456

1

1 12345

23

4 5 6 7 8

23 4 5

1

2

3

45

6

1234

1

2

3456

1

2

12

34

5

1

2

3

4

5

1

1

2

3

4

12345

1

1 2 34

12 3 45

12345

234567

1

2

1234

2 3

456

12

3

4 5

1

2

2 3

4 56

12 34555

6

12

1 2

3

4 56

2 3 4 5 6 78

1

2

1

12 3 4

12222 2 3

23

4567

1

1

123 4 5 6 7

1

1

23

412

34

1234

5

1

2

3 4 5678

12

12 34 5

23456

123

12 34 56

12

1

12

34 56

7

1

12

1 234

12

12

3 456

1

2 3 4 5

1234 5 67

89

1

2

3 4

1

2

3

1

2 3

45

6

1

234567

1 2

123456

1

1

2

34

56

1

2

3

4

5

6

4

12

3

4

1 234

5 6 7

12

12

3

4

56

1

2

123

2 3 4 51

1 2 3 4 56

1 2 3

1

1234 5 6

1

1 2 3 4

567

1 2 3 4 5

1

1

23

1

1

2

3

45

6

1

2

12

12

1

1

23

45

1 234 5 6 7

12 3 4 56 7

8

1 2

12 3 4 5 67

12 3 4 5 6 7

8

1

23

4

567

1 2

1

2

3

123

4

1

2

3

4

5

6

789

12 3 45

1

1

12223

1

123

123456

12 3 4

5

12

34

5 67

8

1 23

45 6

1

2

345

1 2

3

11

2

34 5 6

123

4

56

7

89

1

1

1

2

3

4

5

1

2

3

4

5

6

1234 5 6

7

1

2 3 4 5 6

1 2345

123

4

5

12

3

4

5

6

7

123

456

2

3 4 56

78

9

10

1

123 4 5

678

1

1 2

1234

234

1 2

3

4 5

1

2

3

4

1

2 3456

1 23 4 5

12

3

4

5 6

123

1

1

1 2 3 4 5 6

12345

1 234567

123 4

1 2 3

4 5 6

2 3 4 5 67

123

1

2

123

4 5

1 2 3 4 5

12

3

123

45

67

2

3

4

567

123

12 3 4 5

6 7 8

12

1 23 4

567

12

1 2 3 4 5 6 7

123

4 5

12 3

1 2 3 4

1

123456

1

2

12

1

1

2

3

4

5

6

1

1 2 3 4 5 6 7

12 345

123

1

1PS 957

1PS 1015

1PS 735

PS 552

1PS 1145

1MK 60

FE 199

FE 152

1CL 44

PS 492

1PS 1051

1CL 141

1MK 43

1PS 1149

1PS 757

1PS 1057

PS 450

FE 153

1PS 11221PS 1017

FR 614

FE 164

1PS 11681PS 792

1PS 1195

FE 8

1PS 1087

1PS 766

1CL 102

1PS 1170

1CL 103

PS 490

1CL 180

1PS 555

FR 496

1PS 1080

1PS 801

1PS 407

1PS 1075

1PS 449

1PS 1185

PS 458

1PS 1410

FE 170

FR 641

PS 442

1PS 1445

1PS 1361

FE 163

1PS 559

1MK 35

FR 518

FE 133PS 501

FE 158

1PS 453

1MK 18

PS 466

FE 156

FR 590

FR 519

FR 1390

1PS 784

FE 30

1PS 1076

1PS 486

1CL 271

1PS 350

1CL 154

FR 943

1PS 472

FR 506

1PS 1430

1PS 405

1MK 47

FR 622

1PS 375ST

PS 504

FR 1330

1PS 410

1CL 273

FR 601

FR 565

1PS 406W

PS 448

1PS 741

1PS 349

FR 950

FR 1111

1MK 55

FR 1068

1PS 451

FR 651

FE 168

FE 157

FR 588

FR 591

1PS 469

1MK 37

1PS 461

FR 572

PS 494

FE 195

FR 637

1PS 415

1PS 385

FR 599

FE 111

FE 149

FR 500

1PS 327

1PS 455

PS 502

FR 1435

1PS 898

FE 124

1PS 311

1PS 813

FR 629

FR 1207

1PS 437

1PS 532

1PS 348

FR 983

1CL 94

PS 522

FE 151

1PS 431

PS 518

FE 18

FR 1416

FE 91

FE 108FE 121

1PS 337

FR 1436

FE 96

FE 103

1MK 56

PS 517

FR 987

1MK 22

FR 513

FR 1033

PS 512

1PS 314

FE 51

1PS 906

FR 1465

FE 165

FE 128

1PS 964

FE 167

1MK 24

1PS 370

FE 126

1PS 479

FR 1200

1PS 893

1PS 425

1PS 1197

1PS 838

1CL 296

1PS 509

FR 547

PS 121

FE 122

1PS 446

FR 557

FE 215

1PS 547

1MK 44

1PS 346

1PS 391

1PS 353

FR 1453

1MK 29

FE 94

1PS 529

PS 507

1PS 341

FE 109

1CL 269PS 105

1PS 376

1PS 338

FR 860

1PS 325

1CL 260

PS 337

FR 1434

FE 110

1PS 320

FR 854

PS 513

FE 113

1PS 1094

1PS 332

1PS 283

FE 138

1PS 380

PS 73

1CL 300

1PS 484

FE 119

1CL 278

FR 890

1PS 382

FE 112

1PS 1472

1PS 540

PS 484

FR 1402

FE 142

1PS 318

1PS 375W

1PS 471

PS 516RD2

FR 1318

FR 1403

PS 510

FE 117

1PS 359

PS 188

1MK 11

PS 244

FE 137

1CL 98

1PS 861

1CL 304

FE 36

1CL 37

FR 1210

1PS 372W

PS 471

PS 434

FR 1405

1PS 316

FE 144

1PS 1018ST

1PS 404

1CL 210

1MK 63

1PS 943

1PS 483

PS 526

1PS 1126ST

1PS 1104

FE 136

FE 99

1PS 334

FE 216

1MK 70

FE 116

1PS 524

FR 1408

PS 532

FE 127

1CL 194

1ER 80

1CL 292

PS 207

1CL 35

1PS 306

PS 431

PS 487

1PS 323

1MK 34

1PS 834

FE 181

1PS 1447

PS 240

PS 221

1PS 505

PS 176 PS 78

1CL 207

FE 125

FE 107

1CL 266

1PS 530

PS 553

1PS 485

FE 98

PS 91

1PS 902

1PS 362

PS 62

1PS 1214

1PS 1254

PS 65

1PS 360

PS 203

1CL 282

1PS 482

1PS 571

FE 22

PS 68

PS 122

1PS 1018

1CL 263ST

PS 464

1CL 248

1MK 28

PS 147

1CL 264

FE 115

1MK 7

1PS 398

PS 252

PS 488

FR 935

1PS 1431

FE 139

1CL 302

FR 519RD

1CL 209

1CL 274

1CL 70

PS 378

1PS 1009

FR 1711

1PS 493

1PS 439

FR 1246

PS 500

PS 408

1CL 277

PS 547

1PS 303

1PS 918ST

PS 158RD

1PS 839

FE 169

FR 1412

1PS 313

1PS 522

PS 567

1MK 14

1PS 1119

1PS 533

1CL 279

FR 1229

PS 184

1PS 378

PS 262

FE 201

1PS 1373

1PS 363

1PS 488

PS 166X

PS 190

PS 255

1PS 658

PS 266

1PS 1000

FR 1460

1CL 289

PS 124

FE 100

FE 6

PS 119

1PS 476

PS 144

FE 114

PS 224

FE 214

PS 189

1PS 498

1PS 284

1PS 1227

PS 531

1PS 366

1MK 39

PS 462

FR 1203

1CL 303

PS 142RD

1PS 1226

PS 381

PS 217

1CL 249

PS 263

PS 555

PS 216

PS 472

1PS 1437

1CL 86

1PS 1238

PS 161

FR 1301

1MK 9

PS 231

1CL 261

FR 1697

PS 282

PS 157

PS 173

1PS 351

PS 118

FE 196

1MK 88

PS 138

PS 259

PS 499

FE 145

PS 192

PS 200X

PS 86

PS 270

1PS 1454PS 133X

PS 186

PS 179

1PS 1362

PS 437

PS 235

PS 191

FR 1698

PS 248

1PS 840

1PS 395

PS 155

1MK 62

PS 215PS 275 FE 106

1PS 377

PS 439

PS 246

1PS 1037

PS 171

PS 243

PS 206

PS 68X

1CL 265

PS 201

PS 219

1PS 1364

1CL 211ST

PS 70

PS 566

1PS 545

PS 149

PS 205

1CL 258

PS 146

1CL 254

PS 461

PS 137

PS 106

PS 506

1PS 336

PS 506ST

PS 242

PS 232

PS 209

FE 144ST2

PS 200RD

PS 197

1PS 895

1CL 283

PS 519

PS 452

PS 433

PS 429

1CL 251

PS 116

FR 1671

PS 233

PS 216X

PS 101

PS 139

PS 213X

FE 95

PS 164

1PS 1372

PS 521

PS 403

FR 1722

1PS 845

PS 195

PS 550

1PS 1246PS 213

PS 148

PS 196

PS 89

PS 269

1PS 1496

PS 229

1PS 832

1PS 521

PS 166RD

1PS 836

PS 236

PS 226

1CL 215

PS 151

PS 211

PS 185

PS 281

PS 263RD

PS 425

PS 140

FR 1411

PS 187

PS 428

PS 212

PS 208

PS 220X

1ER 53

1CL 253

FR 1417

PS 143

1PS 899

PS 108

1CL 281

PS 163

PS 481

FE 180

PS 152

PS 239

PS 172

PS 64X

PS 145

1CL 262

1MK 2

PS 220

PS 182RD

PS 150

1PS 394

1PS 1385

PS 261

PS 178

1PS 1251

PS 253

PS 503

PS 194

PS 199

PS 409

PS 162

PS 211RD

FR 1345

1PS 614

1PS 373PS 127X

PS 251

PS 173RD

PS 435

PS 265

PS 486ST

PS 74

PS 153

PS 289

EN 24

PS 520

PS 175

1PS 1131

PS 87

PS 227

1MK 67

1PS 1376RD2

PS 64

FE 144ST

PS 214

PS 81

PS 96

PS 125

PS 169RD

PS 355X

PS 81X

1CL 54

PS 183STRD

1MK 68

PS 66

PS 249X

PS 161XPS 133

PS 170

PS 497

PS 535

1PS 935

PS 156

1MK 26

PS 95XST

PS 71

1PS 1240

PS 424

1PS 1245

PS 179X

PS 238

PS 129X

PS 97

1PS 1230

PS 277

PS 126

PS 90X

PS 223

PS 264

1ER 78

1PS 578

PS 415

PS 237

1PS 1396

PS 225

PS 135

1PS 1383

PS 181

PS 72XST

PS 198

1PS 1117

1PS 846

PS 104

PS 109

PS 249XST

FR 1631

PS 165

PS 537

PS 470

1PS 1497ST1

1PS 1474

PS 235X

PS 258

PS 202

PS 80X

PS 92

FE 183

1CL 255

PS 279X

PS 426

PS 107

1CL 47

PS 121RD

1PS 1481

PS 474

1PS 822

PS 110

PS 557

PS 69ST

EN 1

1CL 288X

PS 430

PS 498

1PS 1372ST

PS 113X

PS 77

1PS 1379

PS 228

EN 23

1PS 526

PS 271

PS 174

FR 1404RD

PS 384

PS 449

PS 160X

1PS 853

1CL 166X

PS 88

PS 76

PS 288

PS 436

PS 279

FE 101

FR 1387

FE 194

FR 1376

PS 539RD

PS 230

1CL 54X

PS 371

1MK 16

FE 198

PS 456

EN 25

PS 284

PS 63

PS 131

PS 408X

EN 10

1ER 75X

1PS 1106

PS 95

PS 473

PS 114

PS 167

EN 6

EN 27

1PS 1134

1ER 74ST

FE 191PS 141

PS 115

PS 189X

PS 187X

PS 548

PS 523

1PS 560

PS 84

PS 72X

PS 67

PS 291

1ER 80ST2

EN 29

PS 222

1PS 558

PS 509

1PS 943X

1ER 15

EN 4

PS 349

1PS 539

PS 494X

1PS 920

PS 273

1MK 15

PS 468

PS 85

PS 511

PS 375RD

1PS 1249

EN 5

FR 1390X

1MK 72ST

PS 120

PS 131RD

1ER 75

1PS 564

EN 28

FE 190

PS 402

PS 127

1PS 655

1PS 1376

PS 438

1PS 1380

PS 332

1PS 625

PS 397

PS 233X

PS 79

PS 82X1CL 35X

PS 539

PS 93

PS 352

PS 111

1MK 87

PS 159

PS 239X

1ER 54

1MK 85

1PS 561ST

PS 72

PS 432

EN 22

PS 175XST

PS 496RD

PS 117

1ER 17

PS 1681PS 501

PS 82

PS 98

PS 130

PS 75

PS 83RD PS 90

1PS 825

PS 445

PS 335

PS 418

EN 12

1PS 1478

EN 7

EN 9

1MK 76

FR 1375

1PS 542

EN 3

FR 1652

PS 123

EN 20X

EN 18

1ER 81RD

PS 190XST

EN 2

PS 198XRD

PS 529

PS 310

EN 2ST

PS 496

PS 444

EN 17X

1ER 79

PS 353

PS 383XST

EN 7X

EN 8

EN 11X

1ER 83

PS 312

PS 128

EN 16

PS 383

PS 177

1ER 19

EN 17

EN 26X

1ER 77

EN 26

EN 11

PS 406

FE 147

FE 182

1ER 82

EN 30

EN 26XX

PS 113RD

EN 19

EN 14

PS 94

PS 103

PS 256

E r i nN o r t h

G r a n d eR a v i n e

E r i nC e n t r a l

M a c k e n z i e

S a l a z a r

L o t 8

C e n t r a lL o s B a j o s

P a l oS e c o

F o r t i nE a s t

P a l oS e c o

F o r e s tR e s e r v e

Lot 10Dam

GS 5

SG

TB 31

CS 19TB 7

TS 6

CS 1

CS 22

CS11

TS 1

T'dadWireline LTD

TB 9

TB 7

TB 605

TB 6

TB 494

TB 480

TB 3

TB 21

TB 1

GS 6

GS 31

CS 17

CS 15

GS 33

GS 26

GS 32

GS 30

GS6QT

CS 10

CS 4

GS 13

NPSTB1

CFP

CS 15

CS

TB 29

TB 28

TB 25

TB 27

TB 38

TB 26

TB 33

SG 5&22

SG 2& 7

SG 17

GS 1402

GS637

GS 519

TB 4

SG 11& 13

TB 19

4

3

8

4

8

4

8

3

0

4

4

4

68

4

4

F. 20, L

G. 16, I

G. 16, E

F. 20, D

F. 20, B

G. 16, A

F. 20, G

F. 15, O

F. 20, J F. 20, K

F. 15, N

F. 15, P G. 11, M

F. 20, H

F. 20, C

F. 20, F

Los Charro River

Aren

a Rive

r

Guapo River

Grande Ravine

CL 1 Road

#27 Road

CL 2 Road

Carapal Ext Road

Rancho Quemado Road

Salazar Trace

Ranc

hoQu

emad

oRoa

d

Gran

d Ravi

neRo

ad

Santa F lora Road

Cruse Private Road

Fores

t Rese

rveRo

ad

PS_4

WD_7M

WD_17

WD_5/ 6

WD_3

WD_1

WD_4

WD_8

CX 81

LB 33

1PS1225W

FE 5

FE 57

FR 1108

FR 87

FE 42

FR 1233

FR31

PS 222RD2

1PS265

FR 67

FE 171

FR 19

FR 69

TOS05 16

CX 61

1SLB 2

CX 62

CX 80

1CL 112FE 212

1PS 804

CX 89

FE 55

1PS262

FR 1057

1PS755

1MK 52RD

FR 86

1MK 72

FE 13

FE 47 FR 1087

CX 66

FR 1279

FR 1419

FR 61

CX 76

CX 88

FE 64

FR 33

FE 38

FR 118

FR 59A

CX 86

EN 21

FE 158RD

FR 477

EN 20

1CL 62

1PS1062W

PUP39A

1PS 999W

1MK 23

FE 150

FR 23

FR 487

FR 1FR 546

CX 75

CX 82

FE 149RD

FR 1710

FR 21

CX 63 CX 65

FR 503

1MK 6W

PS 569

PS 134

FR 14

1PS 1120

CX 87

PS 500RD

FE 102

FR 11

FR 428

1MK 21

EN 10X

FE 132

FE 20

FR 86A

FR 1266

FE 87FR 39

FE 26

CX 79

1CL 68

FR 1293

FR 109

1PS 1020W

FR 59

LB 32

1PS 263

1PS463

1PS 267

1PS1308W

CX 67

1MK 65W

FE 169RD

CX 68

FE 155

FE 62

1CL 171W

FE 120

FE 60

1PS316W

PS 174RD

PS 169

PS 266RD

MC 1

1PS 264

FR 932

1MK 48RD

FR 23A

1CL 64

1PS 1314W

FR 110

FE 167RD

CX 64

CX 83

FE 152RD

FR 479

FR 41A

1PS 375WST

FE 7RD

648,000

648,000

649,000

649,000

650,000

650,000

651,000

651,000

652,000

652,000

653,000

653,000

1,118

,000

1,118

,000

1,119

,000

1,119

,000

1,120

,000

1,120

,000

1,121

,000

1,121

,000

1,122

,000

1,122

,000

q

Coordinates are in UTM MetersProjection is UTM Naparima, based on the International 1924 Ellipsoid Zone 20

Topographic features from Lands and Surveys Division 1995 Digital Data.Well information from Finder.

1:10,000

C o l u m b u s C h a n n e l

Palo Seco

Forest ReserveFortin East

Lot 8

Grande RavineErin North

Cruse

Mackenzie

Fyzabad

Quinam

Guapo

644000

644000

652000

652000

1116

000

1116

000

1124

000

1124

000

0 200 400 600 800 1,000Meters

PETROLEUM COMPANY OF TRINIDAD AND TOBAGO LTD.

PREPARED BY: CARTOGRAPHIC OFFICEWell status as at last month.

FIELD MAP

UTM SHEET:

LegendWELLS

FIELD BOUNDARIES

PIPELINESTRUNK LINE

BULK LINE

MAIN ROAD

SECONDARY ROAD

RIVERS

PARTNERSLEASE OPERATORSHIP

FACILITY

!!

!

!

!!

INDUSTRIAL AREAS

TANK BATTERY

TANKS

BUILDING

HYDROLOGYWATER BODY

Q:\Cartography_Job_Activity\LEASE_FARMOUT_MAPS\WD_4_10000.mxdDate: Tuesday, December 31, 2013 Department: Cartography

DATE: DEC. 2013

Ven

ezue

laTri

nidad

& To

bago

63 4 5 7

11

7170

6665646362

26

56555453

46454443

36353433

76

252423

1615141312

72 73 74 7561

80

Trinidad

Venezuela

G u l f o f P a r i a

C a r i b b e a n S e a

C o l u m b u s C h a n n e l

61°6'0"W

61°6'0"W

62°7'30"W

62°7'30"W

10°1

5'0"N

10°1

5'0"N

s

NORTH WESTERN

Grande Ravine

72

PS-451

Page: 70 of 71

Page 71: TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S … · TOUCHSTONE EXPLORATION INC. COMPETENT PERSON'S REPORT Effective December 31, 2016 1171277 Page: 1 of 71. Page: 2 of 71 COMPETENT

!

!

!

!

!

!

!

!

!

!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!!

!

!

! !

!

!

!

!

!

!

!

!

!!

!

!!

!

!

!!

!

!

!

!

!

!

!

!!

!

!

!

!

!

!!

!

!

!!

!

!

!

!

!

!

!

!

!

! !

!

!

!

!

!

!

!

!

!

!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

! !

!

!

!

!!

!

!

!

!

!

!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

! !

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!!

!

!

!!

!

!

!

!

!

!

!

!

!

!

! !

!

!!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

1

234

0123 4

012

3

012

3

4

012

12 31

23

4

012

3

012 3

0

1

2

3

123

1

23

4

012

34

0 1

2

3

0 1

2

34

1

23

0 1 2 3 4

0 1

2301

2

3

01

2

0

1

0

1

23

01

2

3

01

2

3

012

3

01234

12 34

1 2 3 4 5

12 33 345

01 2 3 45

12 34

12

3

12

3

123

12

1 23 4

12

3

123

1234

123

12 3

123

111

23

1 23

1222 3

123

4

12 30 1

23

1 2 3

1 2 3

111222 3333 3 4

123

12 3

11 23

12

3

12

3

1

23

4

1 2

1234

23123

0

1 234

23

4

1 2 3 4

1 2

1 2 3 4

1 2

312

12

1 2

1 23412

12 3 4

12

1 2

1 2

1 2 3

1231

2

12

12

123

1 2 3

1 23

1

23

1 123

1 2

123

4

1112 34

1 2 3 4

123

112 3

123

12 3

12

3123

12 3

1

2

3

45

12 3

12 3

12 3 4

1 2 3 4

12 3 4

12

3

121

01 234

1

2

3

4

1

223

123

1 23

1

23

123

1

23

012

12

3

1 2 3

1 2

1 2 3

1 2 3

01 2

3 45

0123

4

1 23 4

1 23 4 5

2 3 4 5

1 2 3 4

123 4 5

123 4 5

2

3 4

2 3 4

1 2 3 4

01234

5

0 1 234

5

123

12 34

5

1

2

1

2

1 2 3

0 12345

12345

012

3

4

!

!

12

3

0123

45

WD_8F. 15, P G. 11, MG. 11, IF. 15, L

Parrylands

Lot 10Dam

P a r r y l a n d s E

F o r e s tR e s e r v e

New Camp Road

Santa Flora Road

ForestReserve Road

Forest

Reserve Road

Cruse Private Road

FR WestGate

FR 647

FR 540

FR 595

FR 556

FR 635

FR 616

FR 618

FR 526

FR 614

FR 630

FR 619ST

FE 223

FR 522

FR 613

FR 524

FR 1342

FR 598

FR 498

FR 634

FR 490

FR 602

FR 607

FR 496FR 624

FR 596

FR 535

FR 641

FR 531

FR 621

FR 495

FR 518

FR 603

FR 654

FR 564

FR 1746

FR 509

FR 512

FR 519

FR 623

FR 590

FR 589

FR 1694

FR 506

FR 521

FR 1505

FR 525

FR 631

FR 608

FR 625

FR 622

FR 514

FR 565

FR 1209

FR 1172

FR 517

FR 580

FR 489

FR 601FR 651

FR 628

FR 1695

FR 591

FR 578

FR 600

FR 1181

FR 504

FR 1190

FR 599FR 500

FR 620

FR 644

FR 1435

FR 1182

FR 629

FR 1207

FE 18

FR 501

FR 1173

FR 508

FR 1436

FR 1450

FR 513

FR 1507

FR 1183

FR 1481

FR 547

FR 1195

FR 1465

FR 1506

FR 1453

FR 1434

FR 1452

FR 1184

FR 1696

FR 1178

FR 1234

FE 211ST

FR 1250

FR 1193

FE 211

FE 223ST

FR 1736FR 519RD

FR 1198

FR 1711

FR 1246

FR 1693

FR 1697

FR 1698

FR 1470

FR 1671

FR 1746ST

FR 1712 FR 1751

FR 1720

FR 1773

FR 1713

FR 1747

FR 1730

FR 1721

FR 1719

FR 1753

FR 1375

FR 1200RD

FR 572X

FR 86

CX 81

FR 484

FR 932

FR 11

FR 493

FR 473

FR 638

FR 583

FR 122

CX 88

FR 100

CX 93

FR 1271

FR 61

FR 1267

FR 38

FR 1715

FR 118

FR 1710 FR 487

CX 67

FR 553

FR 605

FR 1302

FE 13

CX 63

FR 32A

FE 42

FR 33

TOS05 16

FR 1289

FR 1272 FR 35

FR 1269

FR 479

FR 1298

FR 1275

FR 476

FR 7

FR 31

FR 505FR 17

FR 560

FR 20

FR 1264

FR 1280

FR 485

CX 75

FR 87

FE 64

FR 533

FR 15

FR 632

FE 34

FR 1290

FE 224

FR 530

FR 611

FR 592

FR 59A

FR 100A

FR 559

FR 510

FR 19

FR 448

FR 59

FR 32

FR 110

FR 477

FR 29

FE 55

FE 20

FR 86A

FR 14

FR 615FR 503

FR 23

FR 546

FR 481

FR 35ST

CX 86

FR 1276

MC 1

FR 431

CX 65

CX 76

FR 1098

FR 483

FR 1263

FR 575

FR 1286

FR 549

FR 1748FR 594

FR 525RD

CX 80

FR 539

CX 87

FE 26

FE 12

FR 104

CX 83

FR 536

FR 80

FR 612

FR 619

FR 27

FR 1284

FR 499

CX 61

FR 494

FR 67CX 82

652,000

652,000

653,000

653,000

654,000

654,000

1,122

,000

1,122

,000

1,123

,000

1,123

,000

Document Path: Q:\Cartography_Job_Act iv ity\Third_Party_Activity\FIELD_MAP_WD_8_FEB_2017_JV.mxd

¯

Ven

ezu

ela

Trin

ida

d &

To

bag

o

Trinidad

Venezuela

C a r i b b e a n S e a

G u l f o f P a r i a

C o l u m b u s C h a n n e l61°15'0"W

61°15'0"W

10°1

5'0"N

10°1

5'0"N

Legend! LEASED WELLS

PETROTRIN WELLSMAIN ROADSECONDARY ROADRIVERSFIELDSBUFFER 500FTBUILDING

PARTNERSLEASE OPERATORSHIP

HYDROLOGYWATER BODY

PETROLEUM COMPANY OF TRINIDAD AND TOBAGO LTD.

PREPARED BY: Cartographic Off iceDATE: 22nd February, 2017.

FIELD MAPWell status as at last month.

FOREST RESERVE

LEASE OPERATORSHIP WD 8

0 100 200 30050 Met ers

1:10,000

CLIENT: Joint Venture Dept.SCALE: 1:10,000

Page: 71 of 71


Top Related