PLANO, TX--(Marketwired - July 13, 2015) - Torchlight Energy Resources Inc. (NASDAQ: TRCH) ("Torchlight" or the "Company"), today confirmed it has received and reviewed results from scientific testing on the Company's University Rich A-11 Well. All initial tests were performed by third parties, including Haliburton for most log suites and SCAL for sidewall core test and analysis. To develop the geostatistical model for [...]
PLANO, TX--(Marketwired - June 19, 2015) - Torchlight Energy Resources Inc. (NASDAQ: TRCH) ("Torchlight" or the "Company") filed a Form D yesterday with the Securities and Exchange Commission ("SEC"). SEC rules require the filing of this form to provide notice of an exempt offering of securities. The form described the Series A Convertible Preferred Stock offering just completed. That offering is closed and the Company is [...]
PLANO, TX--(Marketwired - June 17, 2015) - Torchlight Energy Resources Inc. (NASDAQ: TRCH) ("Torchlight" or the "Company"), today announced that the Company has signed a Letter of Intent to sell approximately 40% of its Hunton Assets to a private buyer. The agreed upon sales price is $5.5 million and is subject to normal closing conditions. Closing is expected to occur by end of July. "This is the first step in closing [...]
PLANO, TX--(Marketwired - June 16, 2015) - Torchlight Energy Resources Inc. (NASDAQ: TRCH) ("Torchlight" or the "Company") today announced that the Company has regained compliance with NASDAQ Listing Rule 5550(a)(2). The company is now in full compliance with the NASDAQ listing requirements, and as such the matter is now closed. "This is very positive development for the company as we continue our drive forward [...]
Proceeds Used to Pay Off Senior Secured Debt PLANO, TX--(Marketwired - June 10, 2015) - Torchlight Energy Resources Inc. (NASDAQ: TRCH) ("Torchlight" or the "Company"), a growth stage exploration and production company, today announced that it has closed on the sale of $9.8 million in Series A Convertible Preferred Stock to accredited investors in a private placement at a conversion price of $1.15 per share. Each share [...]
PLANO, TX--(Marketwired - May 11, 2015) - Torchlight Energy Resources Inc. (NASDAQ: TRCH) ("Torchlight" or the "Company"), today announced that the Company has reached total depth of 6109 feet on the first test well in its Orogrande project, The University Rich A11. The University Rich A11 well is a vertical test well targeting the WolfPenn formation and the first of four planned test wells in the Orogrande Project. After [...]
PLANO, TX--(Marketwired - April 08, 2015) - Torchlight Energy Resources Inc. (NASDAQ: TRCH) ("Torchlight" or the "Company"), today announced that it is actively seeking to divest certain of its Hunton Assets located in Logan and Kingfisher Counties, Oklahoma. Torchlight is actively marketing the Company's non-operated Hunton assets to potential buyers. These assets include lease rights and [...]
PLANO, TX--(Marketwired - March 31, 2015) - Torchlight Energy Resources Inc. (NASDAQ: TRCH) ("Torchlight" or the "Company"), today announced that they have begun to drill the first test well in the Orogrande project, The University Rich A11. The University Rich A11 well will be a vertical test well drilled to approximately 6,000 feet. The Company will be testing multiple zones [...]
Company Announces Sale of Certain Working Interest in Hunton Assets PLANO, TX--(Marketwired - March 18, 2015) - Torchlight Energy Resources Inc. (NASDAQ: TRCH) ("Torchlight" or the "Company") today announced that it will commence drilling operations on March 28, 2015 to test the first well in its Orogrande Project in Hudspeth County, Texas. The University Rich A11 well will be a vertical test well drilled to [...]
PLANO, TX--(Marketwired - December 02, 2014) - Torchlight Energy Resources Inc. (NASDAQ: TRCH) ("Torchlight" or the "Company"), a rapidly growing mid-continent oil and gas company, today announced that it has entered into an agreement for up to $40 million of senior secured debt funding from a group of institutional lenders (the "Lenders"), the closing of which is subject to certain terms and conditions.The Company has [...]
Rescheduled for 11:00 am ET Tuesday, November 25 PLANO, TX--(Marketwired - November 19, 2014) - Torchlight Energy Resources Inc. (NASDAQ: TRCH) ("Torchlight Energy" or "the Company"), a rapidly growing mid-continent oil and gas company, announced today that management will host a conference call and webcast to discuss its third quarter 2014 financial results, and provide an update on its operations and subsequent [...]
PLANO, TX--(Marketwired - November 17, 2014) - Torchlight Energy Resources Inc. (NASDAQ: TRCH) ("Torchlight Energy" or "the Company"), a rapidly growing mid-continent oil and gas company, today reported its third quarter results for the three months ended September 30, 2014. The Company filed a 10-Q with the U.S. Securities and Exchange Commission for the third quarter of 2014 on November 14, 2014.Third Quarter 2014 [...]
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