TRCH:NASDAQ

Torchlight Energy Resources Inc.

Torchlight Energy Resources, Inc., based in Plano, Texas, is a high growth oil and gas Exploration and Production (E&P) company with a primary focus on acquisition and development of highly profitable domestic oil fields. The company currently holds interests in Texas where their targets are established plays such as the Permian Basin and the Eagle Ford Shale.
TRCH:NASDAQ

Expert Comments:

The energy company is now conducting fluid flowback at the Texas well.
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John White, ROTH Capital Partners

(1/8/20)
"Torchlight Energy Resources Inc. announced it is flowing back frack fluid on the recently completed Cactus A35 #1H well and is seeing an initial positive oil and gas result early in the process. Once the company establishes an initial potential production rate, it will have the necessary data to both estimate initial production potential and reserves from extended length laterals using multistage frack stimulation techniques."

The purpose is to show its potential for commercial oil production.
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John White, ROTH Capital Partners

(12/20/19)
"Torchlight Energy Resources Inc. announced that the completion of the Cactus A35 #1H lateral has been scheduled and will be delivered this week. The planned frack is an attempt to break through the dual porosity system and expand pore access in the oil window of the Pennsylvania Silt zone encountered during drilling."

The company continues to prove up its holdings as it searches for a partner.
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It is completing this work while continuing its search for a company to develop one of its projects.
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Keith Kohl, Pure Energy Trader

(9/6/19)
"On Wednesday, shares of Torchlight Energy Resources Inc. tumbled roughly 20% during intraday trading. Needless to say, that came as quite a shock to us, considering the fact that this selling took place without ANY new updates from the company. . .simply put, we just witnessed a brutal short attack on Torchlight. . .these short attacks give us one incredible buying opportunity."

Keith Kohl, Pure Energy Trader

(8/30/19)
"Even though we don't have any new updates from Torchlight Energy Resources Inc., sometimes no news is good news; what we do know is that the company is still courting some major oil companies and hoping to close a deal on its multibillion-barrel Orogrande field. Right now, shares of Torchlight have once again become a screaming Buy for us and are trading right around $1.21 apiece."

This satisfies all of the company's obligations under the purchase agreement.
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John White, ROTH Capital Partners

(7/19/19)
"Torchlight Energy Resources Ind. today announced that it has made final payment to Founders Oil & Gas (private) required under a settlement and purchase agreement the companies entered into in July of 2018. The final payment satisfies all of Torchlight's obligations under the agreement."

Keith Kohl, Pure Energy Trader

(7/19/19)
"While West Texas Intermediate prices only gained about 2% over the last four weeks, our Torchlight Energy Resources Inc. position has surged as much as 75%! And yet, I think the investment herd still hasn't caught on to this story; we know the company has a tremendous amount of oil underground and is currently courting some big suitors to take this multibillion-barrel field off its hands."

More Expert Comments

Experts Following This Company

Keith Kohl – Energy and Capital
Clive Maund – CliveMaund.com
headshot of John White
John White, Senior Research Analyst – ROTH Capital Partners

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