Torchlight Energy Resources Inc.

Announces Frac on Its A35 #1H Well and Finishes Drilling the A25 #2 Torchlight Energy Resources, Inc. , today announced that the completion of the Cactus A35 #1H lateral has been scheduled and will be delivered this week. The planned frac is an attempt to break through the dual porosity system and expand pore access in the oil window of the Pennsylvania Silt Zone encountered during drilling. The frac is designed to be a [...]

Torchlight Energy Resources, Inc. , today announced that management has recorded a technical walk through with consulting engineer Mike Zebrowski do discuss scientific data including well logs and plans to frac the recently drilled Cactus A35 1H lateral in the Company's Orogrande Basin Project. The webcast of call recording will be available at the following link posted to the Company's website. Cactus 35A 1H Engineer [...]

Torchlight Energy Resources, Inc. , today announced that in concert with ongoing efforts to identify, provide scientific data and enter an agreement with potential suitors for development of the sizable Orogrande Basin Project development, the Company has completed the drilling of the Cactus A35 1H lateral with partner Maverick Operating and is underway on drilling a new vertical test well, the Founders A25 #2. The Cactus [...]

Torchlight Energy Resources, Inc. , today announced that it has made final payment to Founders Oil & Gas, LLC required under a Settlement and Purchase Agreement the companies entered into in July of 2018. The agreement resulted in an increase of Working Interest ownership to Torchlight and other related parties. The final payment satisfies all of Torchlight €™s obligations under the agreement. In July 2018, Torchlight [...]

Torchlight Energy Resources Inc. , today provided an update regarding the Company's process addressing acquisition interest from industry majors in its Orogrande Basin Project. Since commencing discussions in April, Torchlight has made seven individual presentations to publicly traded industry majors and private equity backed firms. These Companies remain unnamed due to confidentiality agreements and range in size from an [...]

This Press Release Replaces the Press Release Issued on April 11, 2019 at 8:00AM EDT with Updated Range of Recoverable Values Receives Final Petrophysics Report on its Orogrande Basin Project Torchlight Energy Resources Inc. , today announced that the Company has received the final petrophysical report relating to its Orogrande Basin Project. The report will be utilized in the delivery of due diligence materials to [...]

Receives Final Petrophysics Report on its Orogrande Basin Project Torchlight Energy Resources Inc. , today announced that the Company has received the final petrophysical report relating to its Orogrande Basin Project. The report will be utilized in the delivery of due diligence materials to industry suitors for potential M&A discussions with Torchlight. The final report, prepared by Stimulation Petrophysics Consulting [...]

Torchlight Energy Resources Inc. , today announced that the Company will has been invited to participate in the 31st Annual ROTH Conference being held on March 17-19, 2019 at The Ritz-Carlton in Dana Point, California. Torchlight's CEO John Brda will hold one-on-one meetings throughout the conference. For additional information on the conference or to schedule a one-on-one meeting with management, please contact your ROTH [...]

Torchlight Energy Resources Inc. , today announced that the Company will host a corporate update conference call and discuss recent activities related to its Orogrande Basin Project. Date: Friday, March 22, 2019 Time: 11:00 am ET / 10:00 am CT Dial-in : 888-394-8218 Dial-in : 323-701-0225 Conference ID: 3770245 Webcast: http://public.viavid.com/index.php?id=133611 A replay of the call will be available after 12:00 pm ET [...]

Torchlight Energy Resources Inc. , today announced that the Company and its operating partner Maverick Operating have completed the drilling phase of all three wells in the drilling plans set out in Q4. The Company was able to confirm several new potential Wolfcamp pay zones, in addition to the existing Penn Silt formation. Most importantly, the Company has confirmed a deep structure in the Atoka formation on the Maverick [...]