Torchlight Energy Resources Inc.

Torchlight Energy Resources Inc. , an oil and gas exploration company and Metamaterial Inc. , a developer of high-performance functional materials and nanocomposite products, announced today that they have released a webcast presentation providing an overview of META and introducing George Palikaras, Chief Executive Officer of META. The webcast presentation can be found by clicking the following link [...]

Preferred Stock Dividend to be Issued to Torchlight Shareholders Prior to Closing Torchlight Energy Resources Inc. , an oil and gas exploration company and Metamaterial Inc. , a developer of high-performance functional materials and nanocomposite products, announced today the signing of a definitive agreement for a business combination of Torchlight and Metamaterial by way of a statutory plan of arrangement . Upon [...]

Torchlight Energy Resources, Inc. , today reported that the operator of its Hazel Project has started the flowback process on the Flying B Ranch #4H. Flowback should take considerable time due to the volume of water used in the stimulation and as soon as the operator has indications of hydrocarbons or production, the Company will announce those results. About Torchlight Energy Torchlight Energy Resources Inc. , based in [...]

Torchlight Energy Resources Inc. , an oil and gas exploration company and Metamaterial Inc. , a developer of high-performance functional materials and nanocomposite products, announced today the extension of the non-binding letter of intent to December 11, 2020. The letter of intent was originally announced on September 21, 2020. Torchlight and META are continuing to work toward completion of a definitive agreement and [...]

Torchlight Energy Resources, Inc. , today announced the sale of its interest in the Winkler Project. On November 11, 2020, Torchlight, through its subsidiary, entered into and closed a letter agreement with the operator of the Winkler Project and McCabe Petroleum Corporation , a company owned by Torchlight's chairman Greg McCabe, to sell Torchlight's and MPC's interest in the Winkler Project for a purchase price of [...]

Torchlight Energy Resources, Inc. , today reported that the operator of its Hazel Project has completed hydraulic fracturing operations. The stimulation went according to plan with the targeted frac delivered at approximately 3,200 lbs. per foot and an 80 barrels per minute water rate consisting of 37 stages. A total of 592,000 barrels of water and 24,000,000 lbs. of sand were used in the stimulation. Flowback is [...]

Torchlight Energy Resources Inc. , an oil and gas exploration company and Metamaterial Inc. , a developer of high-performance functional materials and nanocomposite products, announced today the extension of the non-binding letter of intent to November 30, 2020. The letter of intent was originally announced on September 21, 2020. Torchlight and META are continuing to work toward completion of a definitive agreement and [...]

Torchlight Energy Resources, Inc. , today reported that the operator of its Hazel Project has begun hydraulic fracturing operations. 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. Once completed, the flowback process will begin and an announcement of results will be made following [...]

Special Dividend Intended to be Issued to Torchlight Shareholders at Closing Torchlight Energy Resources Inc. , an oil and gas exploration company and Metamaterial Inc. , a developer of high-performance functional materials and nanocomposite products, announced today the execution of a non-binding letter of intent , for Torchlight to acquire 100% of META and to divest within the first half of 2021 Torchlight's oil and gas [...]

Torchlight Energy Resources, today reported that Orogrande operator, Maverick Operating, will move its team in for a gas lift installation within the next two weeks on the University Cactus A-35H well that was drilled and tested in early 2020. Early results, without gas lift, were impressive with 15 BOPD and 110 MCFPD from only a 100 foot frac interval. The intent of the gas lift approach is to remove the hydrostatic head [...]