Torchlight Energy today announced that it has raised $5.6 million in a private placement offering of stock and warrants completed on January 31, 2014. National Securities Corporation, a wholly owned subsidiary of National Holdings, was the sole placement agent. Proceeds from the offering will be used to fund its previously disclosed drilling programs.
"With the help of National Securities, we were able to complete the [...]
Torchlight today announced that the Company plans to commence drilling for its initial 5-well program in Southwest Kansas on or before Feb. 5, 2014. The Company expects to complete all five wells by the end of March and then evaluate before commencing with the second five well program. "We are very excited to begin the drilling efforts on our previously announced Kansas Joint Venture," explained John Brda, President of [...]
Torchlight announced today that management will present at the following investor conferences in February 2014. IPAA OGIS Florida Date: February 12, 2014 at 2:45 PM ET Location: The Ritz Carlton Ft. Lauderdale, FL EnerCom Oil & Gas Conference Date: February 19, 2014 at 2:20 PM PT Location: Omni San Francisco San Francisco, CA
Torchlight Energy today announced that the Company has entered into an agreement to acquire 25% working interest in a new area of mutual interest (AMI) covering approximately 92,000 acres with Husky Ventures and two other private entities. This transaction increases Torchlight Energy's acreage in the Hunton to approximately 13,400 gross acres.
Torchlight today announced that the Company received approval by NASDAQ's Listing Qualifications Department to list its common stock on the NASDAQ Capital Market. The Company anticipates that its common stock will commence trading on the NASDAQ Capital Market on December 16, 2013 under the same ticker symbol "TRCH". Until that time, the Company's common stock will continue to trade on the OTC Markets under the ticker [...]
Torchlight Energy today announced that the Company will meet with investors at the 6th Annual LD Micro Conference in Los Angeles from December 3rd through 5th, 2013. Torchlight Energy's President John Brda and Chief Operating Officer Will McAndrews present on December 3rd.Date: Tuesday, December 3, 2013 Time: 1:30 pm PT Location: Luxe Sunset Bel Air Hotel, Los Angeles, CA. The LD Micro Conference is a three-day conference [...]
Torchlight Energy today announced that the Company will host an investor conference call on Thursday, November 21, 2013 at 12:30 pm ET to provide a corporate and operational update.The call will be hosted by Torchlight Energy's President and Director, John Brda. Date: Thursday, November 21, 2013 Time: 12:30 pm ET US Dial-In: 877-941-4774 International Dial-In: 480-629-9760 Conference ID: 4651739
Torchlight Energy today provided an update regarding the operations in its Hunton play located in central Oklahoma. The Company's Hunton assets are operated by Husky Ventures Inc. which is now a top 15 oil producer in the State of Oklahoma and is expected to be top 10 producer by the end of the first quarter of 2014. The Company's Boeckman 1-14H well is currently maintaining an average of 175 BOPD and 700 MCF of gas per [...]
Torchlight Energy announced today that it has appointed Edward Devereaux, Jerry Barney and E.L. Shockey to its Board of Directors. The addition of these three independent members will increase the size of Torchlight's board to seven and add substantial experience to its ranks. Mr. Barney has over 30 years of experience in various management and consulting positions with technology, oil services and government entities [...]
Torchlight today announced that the Company has signed a joint venture (JV) agreement with Ring Energy to acquire a 50% working interest on 17,000 acres of highly prospective oil fields in Gray, Haskell and Finney Counties, Kansas. The transaction increases Torchlight's acreage in the Kansas plays to over 35,000 gross acres. Torchlight expects to finance drilling on 10 wells in the next 6 to 7 months to earn into the full [...]
Torchlight Energy today announced that the Company has signed and closed a definitive agreement to purchase an additional 15.3% working interest in 5,110 acres in a Hunton Limestone development drilling project, Operated by Husky Ventures, Inc. Torchlight anticipates participating in an additional 5 to 6 horizontal Hunton Wells in the fourth quarter of 2013 as a result of this acquisition. The wells are expected to be [...]
Torchlight Energy today announced that the Boeckman 1-14H well, completed in July 2013 in the Hunton formation, has reached a peak production rate of 470 barrels of oil equivalent per day (BOEPD) made up of 382 barrels of oil and 880 MCF of high BTU gas. The well has been on production for the last 60 days and is still cleaning up. Torchlight and its partners in the Cimarron Project, completed a 21 stage frack and began [...]
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