Torchlight Energy Resources Inc.

Torchlight Energy Resources today announced that it intends to offer to sell shares of its common stock in an underwritten public offering. Torchlight Energy Resources also expects to grant to the underwriter for the offering a 30-day option to purchase up to an additional 15% of the number of shares of common stock offered in the public offering to cover over-allotments, if any. The offering is subject to market and [...]

Torchlight Energy Resources today announced that the fracture stimulation date has been set on the University Founders A25 #1H well in the Orogrande project for April 23rd. Cudd Energy Services will be performing the stimulation under the supervision of Maverick Operating and a six-stage hybrid fracture stimulation treatment design has been prepared. "We are excited to have scheduled the completion phase of our first [...]

Torchlight Energy Resources Inc. , today announced that the Board of Directors has engaged ROTH Capital Partners to conduct the process of marketing the Company's Midland Basin Assets also known as the Hazel Project. Torchlight owns an 80% WI in 12,000 mostly contiguous gross acres in the play and to date has drilled two science wells, one horizontal producer in the Wolfcamp A, and one cased hole well, ready for [...]

Torchlight Energy Resources Inc. , today announced that John Brda, CEO of Torchlight, will present at the following investor conferences in April 2018. Oil & Gas Investment Symposium Presentation: 11:05 a.m. ET Dates: Monday, April 9, 2018 Location: Sheraton New York Times Square Hotel Webcast: Link provided on Conference and Company websites The MicroCap Conference New York 2018 Presentation: 9:00 a.m. ET in Track 4 [...]

Torchlight Energy Resources Inc. , today announced that John Brda, CEO of Torchlight, will attend and conduct one-on-one meetings at the 30th Annual ROTH Conference. 30th Annual ROTH Conference Dates: Sunday, March 11, 2018 through Wednesday March 14, 2018 Location: The Ritz Carlton, Laguna Niguel in Orange County, CA Conference participation is by invitation only and registration is mandatory. For more information on the [...]

Torchlight Energy Resources Inc. , today announced that its University Founders A25 1H well has reached total depth with a 1000-foot lateral leg in the primary pay zone from a 5500-foot vertical depth. The well has been cased and cemented and is awaiting stimulation. The Company plans to complete the well in late March to early April based on vendor schedules and frac design preparation. The next step is to establish the [...]

Torchlight Energy Resources Inc. , today announced the closing of $4.5 million in unsecured 12% promissory notes through a private placement. The promissory notes bear interest at the rate of 12% per annum and mature on April 10, 2020, with interest payable monthly and a lump sum payment of outstanding principal due on maturity. The notes were issued at a purchase price of 96.27% of the principal amount, resulting in net [...]

Torchlight Energy Resources Inc. , today announced that management will present at the NobleCON14 Annual Small Cap & Emerging Growth Investor Conference on Tuesday, January 30, 2018. NobleCON14 Annual Small Cap & Emerging Growth Investor Conference Date: Tuesday, January 30, 2018 Presentation Time: 10:30 a.m. ET Location: W Fort Lauderdale Webcast [...]

Torchlight Energy Resources Inc. , is pleased to announce the pilot hole of the University Founders A25 well in Orogrande has reached a vertical total depth of 5900 feet. Imaging, rock properties and reservoir evaluation logs have been successfully run and the results of those logs have indicated excellent potential pay in approximately 300 feet of the Pennsylvanian formation, the Company's primary target. Torchlight [...]

Torchlight Energy Resources Inc. , today provided an operational update on its projects. Hazel Project: Flying B Ranch #3: To date the Flying B Ranch #3 has attained a highest measured production rate of 465 BOPD and 248 MCFPD of gas as the well continues to clean up with 45% of load water recovered. Torchlight reports continually improving oil cuts as high as 30% and over 12,000 barrels of oil produced thus far. The [...]