Torchlight Energy (TRCH) 0.64 $TRCH
Torchlight and Founders Reach Total Depth on Their University Founders B19 #1 Well
Marketwire Canada - Thu Jun 02, 7:02AM CDT
PLANO, TX--(Marketwired - June 02, 2016) - Torchlight Energy Resources, Inc. (NASDAQ: TRCH) ("Torchlight" or the "Company"
, today announced that they have reached total depth on their University Founders B-19 #1 drilled to 6105 feet. The well has been logged and 25 sidewall cores were taken from the target intervals of the pay zone(s). The well has been cased and cemented in preparation for a frac job which is expected to be performed following data analysis.
TRCH: 0.64 (-0.03)
Torchlight Announces Partial Sale of Additional Hunton Assets
Marketwired - Mon May 02, 3:02PM CDT
Torchlight Energy Resources, Inc. (NASDAQ: TRCH) ("Torchlight" or the "Company", today announced that it has closed the sale of assets in the Cimarron Trail property for net proceeds of $750,000 with an effective date of April 1, 2016. The sale, along with the receipt of the $500,000 received from Founders Oil and Gas as payment of their obligation upon spudding the University Founders B-19 #1 well in the Orogrande Project, adds $1.25 million of liquidity for Torchlight.
TRCH: 0.64 (-0.03)
Torchlight and Founders Commence Drilling of Their Next Orogrande Well
Marketwired - Mon Apr 25, 7:03AM CDT
Torchlight Energy Resources, Inc. (NASDAQ: TRCH) ("Torchlight" or the "Company", today announced that the rig has moved in and drilling commenced on the next well in the Orogrande Project, the University Founders B-19 #1. The new well will be drilled and tested vertically in Section 19 near the center of the lease acreage. The well location was selected to further identify the 1300+ feet of net pay seen in the Cactus well. The operator will employ sufficient casing size to prepare for future lateral entry into encountered pay zones. Following drilling, Torchlight and the project operator, Founders Oil and Gas will run their battery of tests to further identify plans for field development. The Company expects testing will further identify pay zones seen in the Rich A-11 well and five wells drilled by Texaco and others. The well fulfills the next step outlined in the joint plan of development with Founder's.
TRCH: 0.64 (-0.03)
Torchlight Energy Acquires Midland Basin Assets
Marketwired - Tue Apr 05, 7:01AM CDT
Torchlight Energy Resources, Inc. (NASDAQ: TRCH) ("Torchlight" or the "Company" today announced that it has signed a definitive agreement to purchase a 66.66% Working Interest and take over operations in ~12,000 acres (19 sections) in the Midland Basin from McCabe Petroleum Corporation (McCabe). The acreage was previously acquired by McCabe through a Farm-Out. Renowned geologist Rich Masterson has worked closely with McCabe to develop this prospect and the Company expects Mr. Masterson will reside as the project geologist throughout its development.
TRCH: 0.64 (-0.03)
The Energy Report Interviews Dallas Salazar
Marketwired - Fri Mar 18, 8:00AM CDT
The low price of oil has meant that a lot of companies are going broke, but not so with Torchlight Energy Resources Inc. (NASDAQ: TRCH). A subsidiary of an $11 billion dollar NYSE company is spending $50 million, fully funding the development of Torchlight's Orogrande project over the next 24 months.
TRCH: 0.64 (-0.03)
Torchlight Energy Provides Operational Update
Marketwire Canada - Fri Mar 11, 7:00AM CST
Torchlight Energy Resources, Inc. (NASDAQ: TRCH) ("Torchlight" or the "Company", today announced an update to its operations and financial outlook.
TRCH: 0.64 (-0.03)
Torchlight Energy Announces Success on Its Johnson #4 Re-Entry
Marketwired - Mon Feb 01, 7:01AM CST
Torchlight Energy Resources, Inc. (NASDAQ: TRCH) ("Torchlight" or the "Company", today announced that the Company's Johnson #4 well has been re-entered and drilled laterally to approximately 2500 feet in the Austin Chalk Formation. Subsequently the Company set a liner into place, acidized the well, and has begun swabbing tests. The swabbing procedures are being performed on an 8-hour basis and have produced increasing fluid entry with 540 Barrels of Oil measured over three recent 8-hour days. After each swab the well has shown excellent gas entry with fluid measuring ~75% to 80% oil cut per run. The fluid level has remained constant at ~800 feet which correlates to excellent entry into the well bore and the shut in tubing pressure is holding at over 470 PSI.
TRCH: 0.64 (-0.03)
Torchlight Announces Partial Cash Closing From Sale of Hunton Assets
Marketwired - Mon Jan 04, 7:01AM CST
Torchlight Energy Resources, Inc. (NASDAQ: TRCH) ("Torchlight" or the "Company", today announced a partial cash closing from the previously announced agreement with Husky Ventures ("Husky", the operator of the Company's Hunton assets. Torchlight previously agreed to sell certain leases in one of six Areas of Mutual Interest. The terms of the agreement outline a sale price of approximately $4.6 million, which would net the company approximately $1.4 million after operator payables and transaction fees. Over $2.8 million in operator payables were paid in full upon execution of the agreement. Upon the announced closing Torchlight received proceeds of $900,000. A final closing with additional cash proceeds to be determined is expected to take place post reconciliation of certain lease issues between Husky and other interest owners. The Company expects a resolution in 60 days followed by final accounting and payment.
TRCH: 0.64 (-0.03)
Torchlight Energy Provides Update on Operations
Marketwire Canada - Tue Dec 15, 7:00AM CST
Torchlight Energy Resources, Inc. (NASDAQ: TRCH) today provided an update to operations for both its Orogrande and Marcelina Creek Projects.
TRCH: 0.64 (-0.03)
Torchlight Energy Announces Participation at Upcoming Investor Conference
Marketwired - Fri Nov 20, 7:01AM CST
Torchlight Energy Resources, Inc. (NASDAQ: TRCH) ("Torchlight" or the "Company", today announced that management will present at the following upcoming investor conference.
TRCH: 0.64 (-0.03)
Torchlight Energy Provides Update on Its Marcelina Creek Project in Wilson County, TX
Marketwire Canada - Thu Nov 19, 6:00AM CST
Torchlight Energy Resources, Inc. (NASDAQ: TRCH) ("Torchlight" or the "Company", today announced that the drilling contract for the Johnson #4 Re-Entry has been approved and the Company is expecting the drilling rig to be on location during the first week of December. Additionally, Torchlight has entered into an agreement for Goldstone Energy GP, LLC ("Goldstone Energy" or "Goldstone" to participate in the project for 10% working interest. The 10% interest will be assigned by Torchlight from a 25% interest that was previously earmarked for industry partners. Torchlight will retain a 50% working interest in this well.
TRCH: 0.64 (-0.03)
Torchlight Enters Definitive Agreement With Husky Ventures to Sell a Portion of Its Hunton Assets
Marketwired - Thu Nov 05, 3:16PM CST
Torchlight Energy Resources, Inc. (NASDAQ: TRCH) ("Torchlight" or the "Company", today announced that it has entered into a definitive agreement with Husky Ventures ("Husky" its operator in the Hunton Project to sell certain assets in one of its six AMI's with Husky. The terms of the agreement call for a sale price of approximately $4.6 million, which would net the company approximately $1.4 million after paying off the operator payable and the fees and expenses relating to the transaction. The closing is set for November 30(th) and is part of the previously announced transaction between Gastar and Husky. Post closing, Torchlight would remain in five AMI's with Husky, with approximately 7000 net acres and ~70 BOEPD. However, Torchlight is still actively marketing its remaining Hunton Assets.
TRCH: 0.64 (-0.03)
Torchlight and Founders Reach Total Depth on Their University Founders B19 #1 Well
Marketwire Canada - Thu Jun 02, 7:02AM CDT
PLANO, TX--(Marketwired - June 02, 2016) - Torchlight Energy Resources, Inc. (NASDAQ: TRCH) ("Torchlight" or the "Company"
, today announced that they have reached total depth on their University Founders B-19 #1 drilled to 6105 feet. The well has been logged and 25 sidewall cores were taken from the target intervals of the pay zone(s). The well has been cased and cemented in preparation for a frac job which is expected to be performed following data analysis. TRCH: 0.64 (-0.03)
Torchlight Announces Partial Sale of Additional Hunton Assets
Marketwired - Mon May 02, 3:02PM CDT
Torchlight Energy Resources, Inc. (NASDAQ: TRCH) ("Torchlight" or the "Company"
, today announced that it has closed the sale of assets in the Cimarron Trail property for net proceeds of $750,000 with an effective date of April 1, 2016. The sale, along with the receipt of the $500,000 received from Founders Oil and Gas as payment of their obligation upon spudding the University Founders B-19 #1 well in the Orogrande Project, adds $1.25 million of liquidity for Torchlight. TRCH: 0.64 (-0.03)
Torchlight and Founders Commence Drilling of Their Next Orogrande Well
Marketwired - Mon Apr 25, 7:03AM CDT
Torchlight Energy Resources, Inc. (NASDAQ: TRCH) ("Torchlight" or the "Company"
, today announced that the rig has moved in and drilling commenced on the next well in the Orogrande Project, the University Founders B-19 #1. The new well will be drilled and tested vertically in Section 19 near the center of the lease acreage. The well location was selected to further identify the 1300+ feet of net pay seen in the Cactus well. The operator will employ sufficient casing size to prepare for future lateral entry into encountered pay zones. Following drilling, Torchlight and the project operator, Founders Oil and Gas will run their battery of tests to further identify plans for field development. The Company expects testing will further identify pay zones seen in the Rich A-11 well and five wells drilled by Texaco and others. The well fulfills the next step outlined in the joint plan of development with Founder's. TRCH: 0.64 (-0.03)
Torchlight Energy Acquires Midland Basin Assets
Marketwired - Tue Apr 05, 7:01AM CDT
Torchlight Energy Resources, Inc. (NASDAQ: TRCH) ("Torchlight" or the "Company"
today announced that it has signed a definitive agreement to purchase a 66.66% Working Interest and take over operations in ~12,000 acres (19 sections) in the Midland Basin from McCabe Petroleum Corporation (McCabe). The acreage was previously acquired by McCabe through a Farm-Out. Renowned geologist Rich Masterson has worked closely with McCabe to develop this prospect and the Company expects Mr. Masterson will reside as the project geologist throughout its development. TRCH: 0.64 (-0.03)
The Energy Report Interviews Dallas Salazar
Marketwired - Fri Mar 18, 8:00AM CDT
The low price of oil has meant that a lot of companies are going broke, but not so with Torchlight Energy Resources Inc. (NASDAQ: TRCH). A subsidiary of an $11 billion dollar NYSE company is spending $50 million, fully funding the development of Torchlight's Orogrande project over the next 24 months.
TRCH: 0.64 (-0.03)
Torchlight Energy Provides Operational Update
Marketwire Canada - Fri Mar 11, 7:00AM CST
Torchlight Energy Resources, Inc. (NASDAQ: TRCH) ("Torchlight" or the "Company"
, today announced an update to its operations and financial outlook. TRCH: 0.64 (-0.03)
Torchlight Energy Announces Success on Its Johnson #4 Re-Entry
Marketwired - Mon Feb 01, 7:01AM CST
Torchlight Energy Resources, Inc. (NASDAQ: TRCH) ("Torchlight" or the "Company"
, today announced that the Company's Johnson #4 well has been re-entered and drilled laterally to approximately 2500 feet in the Austin Chalk Formation. Subsequently the Company set a liner into place, acidized the well, and has begun swabbing tests. The swabbing procedures are being performed on an 8-hour basis and have produced increasing fluid entry with 540 Barrels of Oil measured over three recent 8-hour days. After each swab the well has shown excellent gas entry with fluid measuring ~75% to 80% oil cut per run. The fluid level has remained constant at ~800 feet which correlates to excellent entry into the well bore and the shut in tubing pressure is holding at over 470 PSI. TRCH: 0.64 (-0.03)
Torchlight Announces Partial Cash Closing From Sale of Hunton Assets
Marketwired - Mon Jan 04, 7:01AM CST
Torchlight Energy Resources, Inc. (NASDAQ: TRCH) ("Torchlight" or the "Company"
, today announced a partial cash closing from the previously announced agreement with Husky Ventures ("Husky", the operator of the Company's Hunton assets. Torchlight previously agreed to sell certain leases in one of six Areas of Mutual Interest. The terms of the agreement outline a sale price of approximately $4.6 million, which would net the company approximately $1.4 million after operator payables and transaction fees. Over $2.8 million in operator payables were paid in full upon execution of the agreement. Upon the announced closing Torchlight received proceeds of $900,000. A final closing with additional cash proceeds to be determined is expected to take place post reconciliation of certain lease issues between Husky and other interest owners. The Company expects a resolution in 60 days followed by final accounting and payment. TRCH: 0.64 (-0.03)
Torchlight Energy Provides Update on Operations
Marketwire Canada - Tue Dec 15, 7:00AM CST
Torchlight Energy Resources, Inc. (NASDAQ: TRCH) today provided an update to operations for both its Orogrande and Marcelina Creek Projects.
TRCH: 0.64 (-0.03)
Torchlight Energy Announces Participation at Upcoming Investor Conference
Marketwired - Fri Nov 20, 7:01AM CST
Torchlight Energy Resources, Inc. (NASDAQ: TRCH) ("Torchlight" or the "Company"
, today announced that management will present at the following upcoming investor conference. TRCH: 0.64 (-0.03)
Torchlight Energy Provides Update on Its Marcelina Creek Project in Wilson County, TX
Marketwire Canada - Thu Nov 19, 6:00AM CST
Torchlight Energy Resources, Inc. (NASDAQ: TRCH) ("Torchlight" or the "Company"
, today announced that the drilling contract for the Johnson #4 Re-Entry has been approved and the Company is expecting the drilling rig to be on location during the first week of December. Additionally, Torchlight has entered into an agreement for Goldstone Energy GP, LLC ("Goldstone Energy" or "Goldstone" to participate in the project for 10% working interest. The 10% interest will be assigned by Torchlight from a 25% interest that was previously earmarked for industry partners. Torchlight will retain a 50% working interest in this well. TRCH: 0.64 (-0.03)
Torchlight Enters Definitive Agreement With Husky Ventures to Sell a Portion of Its Hunton Assets
Marketwired - Thu Nov 05, 3:16PM CST
Torchlight Energy Resources, Inc. (NASDAQ: TRCH) ("Torchlight" or the "Company"
, today announced that it has entered into a definitive agreement with Husky Ventures ("Husky" its operator in the Hunton Project to sell certain assets in one of its six AMI's with Husky. The terms of the agreement call for a sale price of approximately $4.6 million, which would net the company approximately $1.4 million after paying off the operator payable and the fees and expenses relating to the transaction. The closing is set for November 30(th) and is part of the previously announced transaction between Gastar and Husky. Post closing, Torchlight would remain in five AMI's with Husky, with approximately 7000 net acres and ~70 BOEPD. However, Torchlight is still actively marketing its remaining Hunton Assets. TRCH: 0.64 (-0.03)
