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 efforts will meet Torchlight Energy Resources' development requirements at Hazel.
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Torchlight Energy Resources sees the transaction providing its shareholders "access to the multibillion-dollar markets that Metamaterial serves."
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Clive Maund, CliveMaund.com

(12/14/20)
"Torchlight Energy Resources Inc. is a hot stock right now, and the reason is that it has just announced a merger with Metamaterials. . .it is thought worth buying here for a rapid continuation of the move short term. . .the maximum target is the resistance at $2."

For its interest, Torchlight Energy Resources is to receive $350,000.
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John White, ROTH Capital Partners

(11/16/20)
"On Nov. 11, 2020, Torchlight Energy Resources Inc. entered into an agreement and closed a letter of agreement with the operator of the Winkler project and McCabe Petroleum Corp. (MPC), a company owned by Torchlight's chairman Greg McCabe, to sell Torchlight and MPC's interest in the Winkler project for a purchase price of $450K. . .MPC agreed to have its $100K portion of the purchase price paid to Torchlight in exchange for Torchlight issuing MPC 313,480 shares of common stock."

The next step for Torchlight Energy's well at Hazel is flowback, which is to start next week.
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John White, ROTH Capital Partners

(11/10/20)
"Torchlight Energy Resources Inc. today reported that the operator of its Hazel project has completed hydraulic fracturing operations. The stimulation went according to plan. . .flowback is scheduled to commence next week."

The stimulation procedure, being carried out at Torchlight Energy Resources' Hazel asset, will take about one week to complete.
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The transaction signals a strategic shift in focus for Torchlight Energy Resources.
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Fracking is the next step for the Torchlight Energy Resources well.
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Clive Maund, CliveMaund.com

(6/18/20)
"For the first time in a long time, Torchlight Energy Resources Inc. is starting to look interesting as an investment. . .with the dip of the past 10 days presenting us with a considerably better price, this looks like a good point to buy the stock, as it is not far above the support at its 10-year lows as its technical condition improves."

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John White, ROTH Capital Partners

(3/10/20)
"Torchlight Energy Resources Inc. announced that the debt holders of $6M in principal and $1.5M in accrued interest have elected to convert these obligations into a working interest in the Orogrande basin leasehold, a right of conversion contained in the notes. . .the company calculates that the conversion correlates to approximately $1,100/acre on the 134,000-acre Orogrande basin play."

Clive Maund, CliveMaund.com

(3/3/20)
"Torchlight Energy Resources Inc. stock wants to break out but has been waiting for market conditions to improve, which is very prudent. . .once it does break out, it is likely to run quickly across the 'open country' of the giant gap to resistance in the $0.90 area, which will result in a good percentage gain from here."

More Expert Comments

Experts Following This Company

Clive Maund – CliveMaund.com
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John White, Senior Research Analyst – ROTH Capital Partners

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