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:

Peter Krauth
Torchlight Energy Resources not only has discovered a new oil field in Texas, but has also effectively produced hydrocarbons from it.
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Clive Maund, CliveMaund.com

(2/25/20)
"Torchlight Energy Resources Inc. has just announced stellar recoveries from its Cactus well in the Orogrande basin, at a time when its stock price is right down on long-term support. . .it therefore looks highly likely that it will stage a sharp rebound off this support, and there is a good chance that it will make a run at the resistance at the upper boundary of the giant trading range, which would result in its tripling in price from here in relatively short order."

headshot of John White

John White, ROTH Capital Partners

(2/25/20)
"To date, the peak 24-hour production rates from Torchlight Energy Resources Inc.'s recently completed Cactus A35 #1H well are 15 bbl/d and 110 Mcf/d, or 33 boe/d. . .equating this to a 10,000 ft lateral, the Cactus well results can be extrapolated to potentially 1.5 Mbbl/d and 11 MMcf/d, or 3.3 Mboe/d. This is the most positive data point from Torchlight since we initiated research coverage."

John White, ROTH Capital Partners

(2/25/20)
"To date, the peak 24-hour production rates from Torchlight Energy Resources Inc.'s recently completed Cactus A35 #1H well are 15 bbl/d and 110 Mcf/d day, or 33 boe/d. . .equating this to a 10,000 ft lateral, the Cactus well results can be extrapolated to potentially 1.5 Mbbl/d and 11 MMcf/d, or 3.3 Mboe/d. This is the most positive data point from Torchlight since we initiated research coverage."

Oil & gas exploration and development firm Torchlight Energy Resources also confirms the presence of two formations on its acreage there.
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John White, ROTH Capital Partners

(2/19/20)
"Torchlight Energy Resources Inc. announced it recently deepened and ran electric logs in the A25 #2 well at the Orogrande basin project. . .the log results indicated new potential oil and gas reservoirs in the Barnett and Woodford formations. . .this is the first time the company drilled through and confirmed the presence of the Barnett and Woodford formations directly on its property."

The owner of the Texas asset continues work to prove the potential there for commercial oil and gas production.
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John White, ROTH Capital Partners

(2/5/20)
"Torchlight Energy Resources Inc. recovered and tested two oil samples from the Penn formation; results were 38 and 42-degree gravity API, classified as light crude. The technical review now shifts to detecting the optimal target zone(s), and a plan for completion will be announced and underway shortly."

The energy company is now conducting fluid flowback at the Texas well.
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John White, ROTH Capital Partners

(1/8/20)
"Torchlight Energy Resources Inc. announced it is flowing back frack fluid on the recently completed Cactus A35 #1H well and is seeing an initial positive oil and gas result early in the process. Once the company establishes an initial potential production rate, it will have the necessary data to both estimate initial production potential and reserves from extended length laterals using multistage frack stimulation techniques."

The purpose is to show its potential for commercial oil production.
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The company continues to prove up its holdings as it searches for a partner.
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It is completing this work while continuing its search for a company to develop one of its projects.
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More Expert Comments

Experts Following This Company

Keith Kohl – Energy and Capital
headshot of Peter Krauth
Peter Krauth, Pres
Clive Maund – CliveMaund.com
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John White, Senior Research Analyst – ROTH Capital Partners

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