In a news release, Torchlight Energy Resources Inc. (TRCH:NASDAQ) reported that "the previously announced well to be drilled by the option holders on the Hazel acreage has been spudded and drilling operations have commenced."
Torchlight Energy stated that the well will be drilled horizontally to an approximate horizontal length of 7,500 feet from the existing wellbore in the Flying B Ranch #4. The company advised that after the well has been drilled and cased, "the well will be stimulated using the most effective current techniques for the Wolfcamp A zone."
The company's CEO John Brda stated, "We are pleased that the option holders have acted so quickly in drilling of the new horizontal. The Flying B Ranch #4 is the wellbore that we ran 400 feet of core from last year. It has excellent attributes in the Wolfcamp A section and that zone is the target for this horizontal leg."
"When the drilling is completed and the stimulation begins, we will update our shareholders on the progress," CEO Brda added.
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