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:

A ROTH Capital Partners report reviewed the implications of these preliminary results.
read more >
The company intends to test the next well for hints of hydrocarbons seen in the first.
read more >
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.
read more >
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.
read more >
John White, ROTH Capital Partners (10/18/18)
"Recently, Torchlight Energy Resources Inc. placed, in a private transaction, its 16% Series C unsecured convertible promissory notes with a total principal amount of $6M. Interest and principal are due and payable on the notes in one balloon payment on April 17, 2020; the notes are convertible, at the election of the holders, into a 6% interest in certain oil and gas leases in the Orogrande project."

Keith Kohl, Pure Energy Trader (8/23/18)
"[Well] testing at Orogrande is expected to last until the end of September, and should allow Torchlight Energy Resources Inc. to determine what kind of fluid recovery potential exits. Looking forward, the company intends to drill two more wells this year then another three wells in 2019; in fact, it already has the well locations in mind."

A ROTH Capital Partners report relayed what work has been recently completed.
read more >
John White, ROTH Capital Partners (8/16/18)
"The operator of Torchlight Energy Resources Inc.'s Orogrande project, Maverick Operating, has successfully installed the gas lift system into the University Founders A25 1H wellbore. The system is designed to assist in the movement of fluids out of the lateral portion of the wellbore, which has been hindered to date due to the high gas content of sections in the heel of the well."

Technical analyst Clive Maund discusses why he believes the stock of a small oil and gas company actively exploring in West Texas is at a "near perfect entry point."
read more >
Keith Kohl, managing editor of Energy & Capital, profiles a small firm that just made a large discovery in West Texas.
read more >
A small-cap oil and gas explorer is the first to pull significant hydrocarbons out of the Orogrande Basin in Texas, opening up a new field discovery.
read more >
Bob Moriarty
Bob Moriarty of 321 Energy takes a look at what positive drill results in the Orogrande Basin in West Texas mean for the company.
read more >
A ROTH Capital partners note shared the findings and the well's current status.
read more >
John White, ROTH Capital Partners (7/27/18)
"On July 25, Torchlight Energy Resources Inc. and its wholly owned subsidiaries and other related parties announced a settlement and purchase agreement with Founders Oil & Gas. . .the company's interest in the Orogrande project will increase from 67.75% to 72.5%."

ROTH Capital Partners initiated coverage and reviewed this energy company's U.S. projects.
read more >

More Expert Comments

Experts Following This Company

Keith Kohl – Energy and Capital
Clive Maund – gold, silver & oil shares
Bob Moriarty, Author – 321 Energy, 321 Gold
John White, Senior Research Analyst – ROTH Capital Partners

The information provided above is from analysts, newsletters, the company and other contributors.

Torchlight Energy Resources Inc. is a sponsor of Streetwise Reports. The company's sponsorship fees pay for Streetwise Reports to create and update this "Investor Summary Page," to which links are placed on Streetwise Reports' websites and newsletters. Streetwise Reports does not accept stock for the payment of fees. See disclaimer for more details.

The company description, investing highlights and catalyst calendar on this page were prepared by the company. The Expert Comments and Experts Following This Company sections of this page are compiled by Streetwise Reports. There may be other information about the company that is not placed on this page. Streetwise Reports does not guarantee the accuracy or thoroughness of the information contained on this page.

The Expert Opinions above are excerpted from third-party sources not affiliated with or controlled by Streetwise Reports. The statements or opinions expressed in the Expert Opinions above are those of the authors indicated, and Streetwise Reports has not verified the accuracy of material excerpted here. Publications excerpted above may receive payment or sponsorship from the company mentioned.

Streetwise Reports does not provide investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security.Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

Readers should conduct their own research for all information publicly available concerning the company.