PLANO, TX--(Marketwired - April 03, 2017) - Torchlight Energy Resources Inc. (NASDAQ: TRCH) ("Torchlight" or the "Company"), today announced that along with their operating partner Founders Oil and Gas, LLC ("Founders"), the Company has signed a Drilling and Development Unit (DDU) Agreement with University Lands on its Orogrande Basin Project. The agreement represents one of the largest DDU Agreements ever granted by the [...]
PLANO, TX--(Marketwired - March 23, 2017) - Torchlight Energy Resources Inc. (NASDAQ: TRCH) ("Torchlight" or "the Company"), today announced that management will present at the OGIS New York Conference and The MicroCap Conference in New York, NY. OGIS New York Date: April 3, 2017 Presentation Time: 9:15 a.m. ET, Empire East Room Location: Sheraton New York Times Square Hotel (811 7th Ave.) New York, NY Webcast [...]
PLANO, TX--(Marketwired - March 16, 2017) - Torchlight Energy Resources Inc. (NASDAQ: TRCH) ("Torchlight" or the "Company"), today announced that they have begun the flowback and cleanup stage of testing on the Company's next Midland Basin well, the Flying B Ranch #2. Next steps toward bringing the well into production will be to flow back frac fluid from the upper stage and drill out the bridge plug that was set above [...]
Delivers First of Two Stage Frac on Flying B Ranch #2 PLANO, TX--(Marketwired - February 21, 2017) - Torchlight Energy Resources Inc. (NASDAQ: TRCH) ("Torchlight" or the "Company"), today announced that it has completed the first of a two-stage frac in the lower interval of the Wolfcamp formation using 200,000 lbs. of sand. The frac procedure, originally planned for January, was pending delivery and subsequent review of [...]
PLANO, TX--(Marketwired - January 23, 2017) - Torchlight Energy Resources Inc. (NASDAQ: TRCH) ("Torchlight" or the "Company"), today provided an update to its Orogrande Basin Project and Hazel Project which is located in the prolific Permian Basin. Torchlight Energy's consulting geologist, Rich Masterson, together with the Orogrande Project Operator, Founders Oil and Gas has selected the next new well location for [...]
PLANO, TX--(Marketwired - January 17, 2017) - Torchlight Energy Resources Inc. (NASDAQ: TRCH) ("Torchlight" or "the Company"), today announced that management will present at the NobleCON13 Annual Small Cap & Emerging Growth Investor Conference on January 31, 2017. NobleCON13 Annual Small Cap & Emerging Growth Investor Conference Date: January 31, 2017 Presentation Time: 1:00 p.m. ET Location: Boca Raton Resort & Club [...]
400 Feet of Continuous Pay Identified PLANO, TX --(Marketwired - January 10, 2017) - Torchlight Energy Resources Inc. (NASDAQ: TRCH) ("Torchlight" or the "Company"), today announced that drilling of the Flying B Ranch #2 vertical well was completed to a total depth of 6,550 feet. The Company subsequently ran a full suite of logs including shale and imaging logs with 25 sidewalls cored and recovered. Preliminary analysis [...]
PLANO, TX--(Marketwired - December 20, 2016) - Torchlight Energy Resources Inc. (NASDAQ: TRCH) ("Torchlight" or the "Company"),today announced that drilling activities will commence on its next Midland Basin, Hazel Project well, the Flying B Ranch #2, on or about December 28, 2016. The well will be a vertical test similar to the Company's first project well, the Flying B Ranch #1. The well location was selected to [...]
PLANO, TX--(Marketwired - November 10, 2016) - Torchlight Energy Resources Inc. (NASDAQ: TRCH) ("Torchlight" or the "Company"), today announced that it entered a Letter of Intent to increase its ownership to 74% Working Interest across all 12,000 gross acres resulting in 8,880 net acres in its Midland Basin Wolfcamp play. In October, Holders of the Company's Series C Preferred shares elected to convert into Working [...]
PLANO, TX--(Marketwired - October 31, 2016) - Torchlight Energy Resources Inc. (NASDAQ: TRCH) ("Torchlight" or the "Company"), today announced that it has successfully pumped down completion fluid and indications of hydrocarbons have been seen at surface on the Company's second Orogrande Project test well. Despite encountering a bedding plane in a small section of the wellbore which required the installation of a pump to [...]
Adds Two Independent Board Members and Appoints Greg McCabe as Chairman PLANO, TX--(Marketwired - October 13, 2016) - Torchlight Energy Resources Inc. (NASDAQ: TRCH) ("Torchlight" or the "Company") today announced that it has added two independent members to its Board of Directors, Mr. E. Scott Kimbrough and Mr. R. David Newton. Additionally, the Board has appointed Mr. Greg McCabe to the role of Chairman of the Board [...]
PLANO, TX--(Marketwired - October 06, 2016) - Torchlight Energy Resources Inc. (NASDAQ: TRCH) ("Torchlight" or the "Company"), today announced that it has successfully completed and is producing oil from the Company's first vertical test well, the Flying B Ranch #1, in its Midland Basin Hazel Project. The well was completed using a single stage frac. As previously announced, Torchlight and their operating partner [...]