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.

Expert Comments:

John White, ROTH Capital Partners (2/8/19)
"Torchlight Energy Resources Inc. announced the addition of a new member to its board of directors, Robert Lance Cook; he will serve as an independent director. Additionally, R. David Newton will be stepping down from his position on the board for personal reasons; with this change the company will have five directors including three independent members."

The energy firm explained how drilling will proceed.
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John White, ROTH Capital Partners (1/7/19)
"Torchlight Energy Resources Inc. announced that it has initiated the drilling phase of the University Maverick A24 #1 well in its Orogrande basin drilling program. The A24 #1 will be drilled to vertically test the structural high theory of the play."

Oil and gas drilling company hits a milestone at its 133,000 acre position in the Permian Basin in Texas. On the heels of a $6 million financing deal, the company has been releasing drill results and continues to drill.
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Michael Heim, Noble Capital Markets (12/17/18)
"Torchlight Energy Resources Inc. will continue to drill two wells every six months to hold its land position; however, it believes it has collected enough data without focusing on well production or economics. Management's attention is shifting toward bringing on partners or selling the company."

John White, ROTH Capital Partners (12/14/18)
"Torchlight Energy Resources Inc. announced that it has completed the drilling phase of the A39 #1 well in its Orogrande basin drilling program; electric logs show excellent hydrocarbon potential in multiple intervals which is representative of economical conventional and unconventional productive formations. The primary target is a Wolfcamp conventional dolomite pay zone that appears to have net thickness of 75 ft at approximately 3,800 ft."

A ROTH Capital Partners report reviewed the implications of these preliminary results.
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The company intends to test the next well for hints of hydrocarbons seen in the first.
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John White, ROTH Capital Partners (11/20/18)
"Torchlight Energy Resources Inc. announced it completed the drilling of the A11 #2 well in its Orogrande Basin. Electric logs show excellent oil and gas potential in multiple intervals with the presence of both oil and gas. These intervals represent potentially economical formations with the primary zone targeted being a Wolfcamp unconventional. It is important to note this is TRCH's first well to test the Wolfcamp formation and potentially opens up a new oil and gas play separate from the previously tested Pennsylvanian."

A ROTH Capital Partners report relayed this latest news.
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John White, ROTH Capital Partners (10/31/18)
"Torchlight Energy Resources Inc. announced today it has spudded the first well of the next three planned wells on its Orogrande Basin project. . .the well will be a twin to the company's Rich A11 #1 well drilled in 2015."

A ROTH Capital Partners report discussed where this energy explorer/developer stands with its primary efforts.
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A ROTH Capital Partners report relayed what work has been recently completed.
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More Expert Comments

Experts Following This Company

Alex Helmel, CFO & Director – Global Cannabis Applications Corp.
Keith Kohl – Energy and Capital
Clive Maund –
Bob Moriarty, Author – 321 Energy, 321 Gold
John White, Senior Research Analyst – ROTH Capital Partners

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