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 small-cap company sitting on a massive field with potentially several billion barrels of crude oil has caught the attention of Keith Kohl, managing editor of Energy & Capital.
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Keith Kohl, Pure Energy Trader

(5/31/19)
"Torchlight Energy Resources Inc.'s latest selloff is an even bigger opportunity for us; you see, this time around we KNOW the size of the Orogrande play is absolutely massive and far bigger than we ever imagined. I wouldn't expect companies with the right amount of cash in the bank to overlook a fresh, 3.7 Bbbl oil field, especially with such a close proximity to the Gulf Coast, where U.S. oil exports are growing at a rapid pace."

headshot of John White

John White, ROTH Capital Partners

(5/21/19)
"Torchlight Energy Resources Inc. today provided an update regarding its process of attracting acquisition interest from major oil companies and other exploration and production companies in its Orogrande Basin project. Since commencing discussions in April, the company has made seven individual presentations to publicly traded major oil companies and private equity-backed firms."

Clive Maund, CliveMaund.com

(5/12/19)
"While it does look likely that Torchlight Energy Resources Inc. will rally off the support and probably get back up near to its recent highs again, it is considered that it will not find it easy to break above the now strong resistance approaching them. So although the stock looks like a trading buy here, it is considered unlikely that it will get above $1.90 over the short- to medium-term, and so on any approach to this level we will probably aim to take profits, depending on how it looks at the time."

The article's general and specific claims were presented and discussed in a ROTH Capital Partners report.
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John White, ROTH Capital Partners

(4/30/19)
"Torchlight Energy Resources Inc.'s press releases and presentations have contained the plans for and results of drilling, testing and geological and geophysical work performed on its Orogrande basin acreage. In our view, the company's drilling and testing results have met or exceeded our expectations."

This energy company will use the "substantive update" to market itself and its assets.
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John White, ROTH Capital Partners

(4/11/19)
"Torchlight Energy Resources Inc. today announced that it has received the final petrophysical report relating to its Orogrande basin project. . .the report outlines a range of recoverable values based on standardized recovery factors, described in potential barrels: low case, 2.321 Bboe with a recovery factor of 7%; mean case, 3.678 Bboe with a recovery factor of 11%; and best case, 4.975 Bboe with a recovery factor of 15%."

Keith Kohl, Pure Energy Trader

(4/5/19)
"Torchlight Energy Resources Inc. is ready to start looking for suitors, and I believe that whoever takes it to the prom is going to pay a hefty premium to do so. If you've been looking for a strong trade that the market hasn't quite caught on to yet, this company is it; I'm a buyer a current prices, and we still have the chance to build a position at a huge discount."

A ROTH Capital Partners note found the timing of the strategy "propitious."
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Technical analyst Clive Maund charts this small-cap energy company and explains why he sees it as a strong buy.
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The next step is to analyze the array of data generated during drilling.
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More Expert Comments

Experts Following This Company

Alex Helmel, CFO & Director – Global Cannabis Applications Corp.
Keith Kohl – Energy and Capital
Clive Maund – CliveMaund.com
headshot of Bob Moriarty
Bob Moriarty, Author – 321 Gold
headshot of John White
John White, Senior Research Analyst – ROTH Capital Partners

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

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