Torchlight Energy Resources Inc.

Torchlight Energy Resources, Inc. , today announced that it will be presenting at the LD 500 Investor Conference on Wednesday, September 2nd at 9:20am PST/12:20pm EST. John Brda, CEO of Torchlight will be giving the presentation to a live virtual audience. Register here for the event: https://ld500.ldmicro.com/ and you may access the live presentation at the following link [...]

Torchlight Energy Resources, Inc. , today reported that the previously announced well to be drilled by the option holders on the Hazel acreage has been spudded and drilling operations have commenced. The well will be drilled horizontally from the existing wellbore in the Flying B Ranch #4 to an approximate horizontal length of 7500 feet. Once drilled and cased, the well will be stimulated using the most effective current [...]

Torchlight Energy Resources, Inc. , today announced the signing of an option agreement to sell the Hazel Project to a group of private investors. The Company has agreed to sell the acreage at $1,300 an acre after an option period. The investors must drill and complete the Flying B Ranch #4 well in the project to earn the option and then, after a period of evaluation, they have the option to acquire the remaining acreage [...]

LD Micro today announced the initial list of companies slated to present at the upcoming LD 500, taking place September 1st-4th, 2020, exclusively online. "For the first time in ten years, we were unable to host our mid-year conference, which caused us to dream up the LD 500," stated Chris Lahiji, President of LD Micro. "This will be our most ambitious event to date, expected to feature over 300 companies to more than [...]

Torchlight Energy Resources, Inc. , today received a letter from NASDAQ for an extension to meet its minimum bid requirement with NASDAQ for 180 days or until Feb 1, 2021. "We have remained in compliance with all aspects of our listing with the exception of the minimum bid price," stated John Brda CEO of Torchlight. "The extension received today allows us 180 days to comply with the minimum bid requirement and more [...]

Torchlight Energy Resources, Inc. , an energy company engaged in the acquisition, exploration, exploitation and/or development of oil and natural gas properties in the United States, today announced the closing of the registered direct offering announced on June 12, 2020. The company sold 7,894,737 shares to the investor, and as part of the offering, issued to the investor a warrant to purchase up to 3,157,895 shares of [...]

Torchlight Energy Resources, Inc. , an energy company engaged in the acquisition, exploration, exploitation and/or development of oil and natural gas properties in the United States, today announced the company has entered into a securities purchase agreement with an institutional investor for the sale of 7,894,737 shares of common stock at a price of $0.38 per share for total gross proceeds of $3,000,000. As part of the [...]

Torchlight Energy Resources, Inc. , an energy company engaged in the acquisition, exploration, exploitation and/or development of oil and natural gas properties in the United States, today announced the closing of its previously announced underwritten public offering of 3,450,000 shares of its common stock at a public offering price of $0.34 per share, which included the full exercise by the underwriter of the [...]

Torchlight Energy Resources, Inc. , an energy company engaged in the acquisition, exploration, exploitation and/or development of oil and natural gas properties in the United States, today announced the pricing of an underwritten public offering of 3,000,000 shares of common stock at an offering price of $0.34 per share for aggregate gross proceeds of $1,020,000, prior to deducting underwriting discounts, commissions and [...]

Torchlight Energy Resources, Inc. , today announced that the debt holders of $10.5 million in principal debt have agreed to extend their maturities. Torchlight has extended $8.5 million with related parties to the previously announced $4.0 Million extension and also have agreed to extend for one year, until April of 2021. Additionally, $2 million of debt due in May of 2020 has extended out 18 months. The total extended [...]