Torchlight Energy Resources Inc.

Torchlight Energy Resources, Inc. , today announced that the debt holders of $6 million in principal and $1.5 million in accrued interest have elected to convert into Working Interest in the Orogrande, per their right of conversion when the transaction was consummated. The transaction immediately eliminates $7.5 Million in debt for the Company and brings Torchlight's Working Interest in the Project to 66.5%. Additional [...]

Torchlight Energy Resources, Inc. , today announced that it will be presenting at the third annual LD Micro Virtual Conference on day of the week, March 3rd at 9:20am PST/12:20pm EST. John Brda, CEO of Torchlight will be giving the presentation and answering questions from investors. You may access the live presentation at the following link: https://www.webcaster4.com/Webcast/Page/2019/33401 "We are delighted to be [...]

Company To Discuss Recent Pennsylvanian Silt Oil and Gas Recoveries Torchlight Energy Resources, Inc. , today provided details for an investor conference call to discuss recently announced measured oil and gas recoveries from the Cactus A35 #1H well and Upper Pennsylvanian Silt Conference Call and Webcast Time: Thursday February 27, 2020 at 4 PM Eastern Toll Free Dial-in: 1-855-327-6837 International Dial-in [...]

PROPERTIES SIMILAR TO WELL-Torchlight Energy Resources, Inc. , today announced that it has measured substantial initial potential oil and gas hydrocarbon recoveries from the recently drilled and completed Cactus A35 #1H well. The Upper Pennsylvanian Silt , a new field discovery made by Torchlight in its Orogrande Basin Project, is a hydrocarbon rich formation with over 600 feet of thickness. The petrophysics and thermal [...]

PROPERTIES SIMILAR TO WELL-Torchlight Energy Resources, Inc. , today announced that it has measured substantial initial potential oil and gas hydrocarbon recoveries from the recently drilled and completed Cactus A35 #1H well. The Upper Pennsylvanian Silt , a new field discovery made by Torchlight in its Orogrande Basin Project, is a hydrocarbon rich formation with over 600 feet of thickness. The petrophysics and thermal [...]

Torchlight Energy Resources, Inc. , today announced that the Company has extended the maturity on $4 million of the debt obligations due in April. The maturity date of the subject promissory note has been extended for one year, from April 10, 2020 to April 10, 2021. John Brda, Torchlights CEO, stated, "This is a very positive step for the Company and a vote of confidence from the noteholder. We continue to work with our [...]

Torchlight Energy Resources, Inc. , today provided an update on its recent drilling and logging activity on the A25 #2 well in the Company's Orogrande Basin Project. The well reached total depth at 7623 feet and encountered several conventional pay zones as well as drilling through the unconventional Wolfcamp, Penn, Barnett and Woodford zones. Torchlight previously had confirmation on the Wolfcamp and Penn formations but [...]

Torchlight Energy Resources, Inc. , today provided an operational update on its recent drilling and completion activities in the Company's Orogrande Basin Project. The recently drilled Founders A25 #2 well which reached a total depth of 7503 feet in January has been evaluated. A triple combo log and FMI log was run and casing has been set. Cased hole logs and a cement bond log will be run to verify data and cement bond [...]

Torchlight Energy Resources, Inc. , an energy company engaged in the acquisition, exploration, exploitation and/or development of oil and natural gas properties in the United States, today announced the closing of its previously announced underwritten public offering of 3,285,715 shares of its common stock at a public offering price of $0.70 per share, for total gross proceeds of approximately $2.3 million, before [...]

Torchlight Energy Resources, Inc. , an oil and gas Exploration and Production company, today announced the pricing of an underwritten public offering of 3,285,715 shares of its common stock at a public offering price of $0.70 per share. The gross proceeds will be $2.3 million, before deducting offering expenses. In addition, Torchlight has granted the underwriters a 45-day option to purchase up to 15% additional shares of [...]