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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:

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."

Torchlight Energy Resources reported that it received drilling and development obligations relief on its Orogrande Basin project.
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Once it gets the green light, Torchlight Energy Resources intends to resume work on its two key projects.
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Hot on the heels of Torchlight Energy Resources discovering a new oil field in Texas, debt holders have elected to convert to Working Interest.
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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."

Keith Kohl, Pure Energy Trader

(2/26/20)
"During its peak 24-hour production rates, Torchlight Energy Resources Inc.'s Cactus A35 #1H well produced 15 bbl/d and 110 Mcf/d. Based on these results, and using a 10,000 ft lateral instead, we're looking at around 1,500 bbl/d or approximately 3,300 boe/d. . .we're still staring at a very strong buying opportunity."

Peter Krauth
Torchlight Energy Resources not only has discovered a new oil field in Texas, but has also effectively produced hydrocarbons from it.
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Clive Maund, CliveMaund.com

(2/25/20)
"Torchlight Energy Resources Inc. has just announced stellar recoveries from its Cactus well in the Orogrande basin, at a time when its stock price is right down on long-term support. . .it therefore looks highly likely that it will stage a sharp rebound off this support, and there is a good chance that it will make a run at the resistance at the upper boundary of the giant trading range, which would result in its tripling in price from here in relatively short order."

headshot of John White

John White, ROTH Capital Partners

(2/25/20)
"To date, the peak 24-hour production rates from Torchlight Energy Resources Inc.'s recently completed Cactus A35 #1H well are 15 bbl/d and 110 Mcf/d, or 33 boe/d. . .equating this to a 10,000 ft lateral, the Cactus well results can be extrapolated to potentially 1.5 Mbbl/d and 11 MMcf/d, or 3.3 Mboe/d. This is the most positive data point from Torchlight since we initiated research coverage."

Oil & gas exploration and development firm Torchlight Energy Resources also confirms the presence of two formations on its acreage there.
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More Expert Comments

Experts Following This Company

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

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