[Stockupticks.com] [Image] [Image] Welcome to Stockupticks.com Newsletter Issue 9 -July 27, 2001 [Image] [Image][Image] [Image] [Image] *** BREAKING NEWS *** ***BREAKING[Image] NEWS*** [Image] In response to investors requesting that more of our coverage come after the market closes, we are providing this Breaking News, which gives our members maximum time to review this company and respond. StockUpTicks endeavors to bring you information about under-followed companies that may be of particular interest to investors in "discovery" and emerging growth stocks. Touchstone Resources Ltd. (TUT.V) based in Houston, Texas, is an aggressive oil and gas exploration company targeting high-potential assets through a focused strategy of utilizing industry relationships, world class contract consultants and the most modern industry technologies. [Image] Touchstone announced today that an open-hole drill-stem test in the Devonian formation in Winkler County, Texas by Schlumberger produced a calculated rate of 2,400 barrels a day on Touchstone's Wink project field. "This is a significant, high-impact discovery," said EVP Wes Franklin. During the weekend ahead, Touchstone will further evaluate production output by open-hole testing in the Devonian. Investors should bookmark the stock and watch for news early this week on the test results. [Image] *** BREAKING NEWS *** ***BREAKING[Image] NEWS*** Editor's note: This release was issued after market meaning that no one, as yet, has been able to react. FOR IMMEDIATE RELEASE July 27, 2001 WINK PROSPECT DEVONIAN PRODUCTION TESTING Touchstone Resources USA, Inc. is pleased to announce that the Wink prospect, Morton/Halley 23/24#1, which is located in Winkler County, Texas, is currently being evaluated by open-hole testing in the Devonian formation at approximately 14,000 feet. The Morton/Halley 23/24#1 was drilled to a total depth of 17,636 feet. After evaluating the deeper Ellenburger formation, the Company has commenced a plug-back operation to the Devonian. The Devonian was open-hole drilled drill-stem tested by Schlumberger at a calculated rate of 2,400 barrels of oil per a day (BOPD). A production facility has already been installed at this location and production is scheduled to start on August 1, 2001. Wes Franklin, Executive Vice President for Touchstone Resources, states The Company is very excited with this discovery in the Devonian. This is a very significant high impact discovery, which enhances the real value of our development in the Wink prospect. The size of this discovery could be quite large by todays on-shore U.S. standards. We anticipate continued success in other wells in this region. Mr. Franklin further states, The Morton 23 #3 is drilling over 10,000 feet on its way to a proposed total depth of 15,000 feet. The well is a Devonian delineation/development well down-dipped from the Morton/Halley 23/24 #1 and will provide an indication of the size of the Devonian reservoir. The Company is also pleased to announce that an additional field discovery has been made at the Wink project. The Morton 11 #2 was deepened to 11,000 feet and is currently testing the Devonian chert at approximately 10,700 feet. Mr. Franklin added, the Devonian here is in a separate fault block 2 miles north of the Morton/Halley 23/24 #1, which is testing the same formation 3,000 feet deeper. The Morton 11 #2 well has tested at a daily rate of 1.2 million cubic feet of gas per day (MMCFGPD) and 4 BOPD. Following bottom hole pressure testing, the well will be placed on production immediately. The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. SOURCE: Touchstone Resources USA, Inc. [Image]CONTACT INFORMATION & LINKS [Image] Touchstone Resources USA, Inc. David Daniels 5858 Westheimer, Suite 708 Houston, Texas 77057 Telephone: (713) 784-1113 Facsimile:(713) 785-8530 Toll Free: (877) 829-0357 E-mail: ddaniels@touchstonetexas.com Website: www.touchstonetexas.com Click TUT.V here for stock quote. Click here to view latest news. [Image]About The Canadian Venture Exchange [Image] The performance of the Canadian Venture Exchange (CDNX) can best be measured by comparing it with the U.S. Nasdaq Composite 100. The CDNX began with its indices value set at 2000 on November 11, 1999. The main index closed trading on June 1, 2001 at 3,251. That's a 62% increase. In comparison, during the same time period the Nasdaq Composite suffered a 38% decline, from 3,421 on November 11, 1999 to close at 2,149 on June 1, 2001. [Image]Disclaimer and Safe Harbor Statement: [Image] Safe Harbor Statement: Statements contained in this document, including those pertaining to acquisitions, earnings estimates and related commercial plans other than statements of historical fact, are forward-looking statements subject to a number of uncertainties that could cause actual results to differ materially from statements made. Disclaimer: StockUpTicks.com is a property of Market Pathways Financial Relations Incorporated (MP). The information, opinions and analysis contained herein are based on sources believed to be reliable but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. This report is for information purposes only and should not be used as the basis for any investment decision. MP has been compensated by Godwin Financial (a shareholder) 15,000 shares of stock to prepare and disseminate this report. This compensation constitutes a conflict of interest as to MPs ability to remain objective in its communication regarding the subject company. Write or call MP for detailed disclosure as required by Rule 17b of the Securities Act of 1933/1934. MP is not an investment advisor and this report is not investment advice. This information is neither a solicitation to buy nor an offer to sell securities. Information contained herein contains forward-looking statements and is subject to significant risks and uncertainties, which will affect the results. The opinions contained herein reflect our current judgment and are subject to change without notice. MP and/or its affiliates, associates and employees from time to time may have either a long or short position in securities mentioned. Information contained herein may not be reproduced in whole or in part without the express written consent of Market Pathways Financial Relations Incorporated. 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