TRCH:NASDAQ

Torchlight Energy Resources Inc.

Torchlight Energy Resources, Inc., based in Plano, Texas, is a high growth oil and gas Exploration and Production (E&P) company with a primary focus on acquisition and development of highly profitable domestic oil fields. The company currently holds interests in Texas where their targets are established plays such as the Permian Basin and the Eagle Ford Shale.
TRCH:NASDAQ

Expert Comments:

ROTH Capital Partners initiated coverage and reviewed this energy company's U.S. projects.
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John White, ROTH Capital Partners (6/18/18)
"We are initiating coverage of Torchlight Energy Resources Inc. with a Buy rating and a $1.75 price target. . .the company is primarily pursuing the development of its large acreage position in the Orogrande basin, the development and potential divestiture of the Hazel project in the Midland basin and the development of the Winkler project in the Delaware basin. . .While the Orogrande Basin exploration effort carries significant exploration risk, the potential upside is, in our view, very substantial."

An independent small-cap Texas oil company moves forward with oil production in the Orogrande and continues to grow by adding property in the Delaware Basin.
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Keith Kohl, Pure Energy Trader (5/3/18)
"Torchlight Energy Resources Inc. announced on Monday that it had successfully completed its stimulation activity on the University Founders A25#1H horizontal well. . .this was the company's first well in the Orogrande basin and was completed with a total of six frack stages using 1.6 Mlb sand. Now, with the stage plugs drilled, the flow testing phase is underway."

Fluidsdoc, Seeking Alpha (4/16/18)
"Torchlight Energy Resources Inc.'s primary source of revenue is the income from oil sales off the one well it has completed so far in the Hazel project. . .this is now being marketed for sale. I expect it will have success in marketing Hazel. . .the Permian is 'hot' now."

Bob Moriarty, 321 Gold (2/27/18)
"Torchlight has just finished drilling the first horizontal test well in the all-important Orogrande field where the company holds a 67.5% working interest. The University Founders A25 1H well was drilled to 5,500 ft vertical, and the company has finished a 1,000 ft lateral. . .the results from Orogrande could provide company-making numbers."

Keith Kohl, Pure Energy Trader (12/14/17)
"The potential estimated ultimate recovery of Torchlight Energy Resources Inc.'s Orogrande wells is estimated to be between 4–6 MMbbl per section, with roughly 12–18 wells per section. . .the company reported that its first horizontal well in the play, the University Founders A25 #1, has already been spud, and it is now preparing to drill below the intermediate casing at about 3,000 ft."

More Expert Comments

Experts Following This Company

Clive Maund – gold, silver & oil shares
Bob Moriarty, Author 321 Energy , 321 Gold
John White, Senior Research Analyst – ROTH Capital Partners

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