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TICKERS: TRCH

Fracking Commences at Oil & Gas Company's Texas Project
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The stimulation procedure, being carried out at Torchlight Energy Resources' Hazel asset, will take about one week to complete.

Torchlight Energy Resources Inc. (TRCH:NASDAQ) announced in a news release that the operator of its Hazel project in Texas' Midland Basin began hydraulic fracking there.

The stimulation procedure is expected to take one week. "The frack is designed to be slickwater with 3,200 lbs per foot, and an 80 barrels per minute rate of water consisting of 37 stages," the company noted.

Afterward, the flowback process will begin; the company plans to announce results after the "completion of applicable potential production testing."

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Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
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