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:

A high-growth oil and gas exploration and production company drilled the first horizontal well on its Permian Basin acreage.
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Dallas Salazar, Medium (4/25/17)
"On Monday, April 25, 2017, Torchlight Energy Resources Inc. took a major step forward, toward history, with its successful vertical well testing via its Hazel project; the company has announced that it has brought oil to the surface via its Flying B Ranch No. 2 vertical well. While a test well and while only one stage, a measure of well complexity as well as commercial viability, the successful vertical well testing is a major milestone in the history of Torchlight."

Jon Prior, Dallas Business Journal (4/17/17)
"Plano oil and gas firm Torchlight Energy Resources Inc. has closed on an $8M debt raise in a sign the market is optimistic in a turnaround for the company as it pursues a potential drilling discovery in West Texas. . .it said the money will be used finance two wells for its Hazel project in the Midland basin and to pay off older debt. The deal should be enough capital for Torchlight through 2018."

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