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

(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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Clive Maund, CliveMaund.com

(4/4/19)
"The fundamentals of Torchlight Energy Resources Inc. look to be better than many believe with the Orogrande Basin hosting up to 3.7 Bbbl recoverable oil (instead of 1 Bbbl up to now). Verification is being awaited, and if it turns out to be true, the company will be an even more attractive takeover candidate for the likes of Marathon Oil."

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John White, ROTH Capital Partners

(4/2/19)
"During its recent conference call update, Torchlight Energy Resources Inc. announced it is seeking a transaction involving 1) a joint development venture or 2) a sale of the company or 3) a sale of all or substantially all of its Orogrande Basin assets. The company believes its positive drilling and testing results to date warrant this move, and we concur with this timing."

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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The energy firm explained how drilling will proceed.
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Oil and gas drilling company hits a milestone at its 133,000 acre position in the Permian Basin in Texas. On the heels of a $6 million financing deal, the company has been releasing drill results and continues to drill.
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A ROTH Capital Partners report reviewed the implications of these preliminary results.
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The company intends to test the next well for hints of hydrocarbons seen in the first.
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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
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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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