Oasis: Gold in the Sand

Source: Visual Capitalist (8/27/14)

"For every ten barrels of oil in world reserves, Middle Eastern countries in OPEC have eight."

Oasis

For much of history, the Middle East has been the capital of concentrated wealth. Whether it is oil, gold or empires, the cradle of civilization has always been a place of opulence.

It all started early, with the Persian empire under Cyrus the Great. In the armory and treasury at Persepolis was a hefty 120,000 talents of bullion. That made the stash a sizable 115 million oz in total. The Umayyad Caliphate continued the trend by building the biggest empire at the time, which spanned from Spain and Morocco all the way to modern day Pakistan. That's 5.1 million sq. miles.

Today, the Middle East still has concentrated wealth. The WSJ found that Middle East billionaire wealth grew 12.4% in 2013. Perhaps even more impressive: for every ten barrels of oil in world reserves, Middle Eastern countries in OPEC have eight. A country such as Kuwait, which is half the size of Maryland, has the 6th highest reserves in the world and is producing almost 3 million barrels a day.

Visual Capitalist

Option Partner to Continue Operations at Energy Firm's Texas Oil & Gas Project
Source: Streetwise Reports (01/23/2021)

The efforts will meet Torchlight Energy Resources' development requirements at Hazel.

Target Price Raised on Energy Firm Making 'Transformative Acquisition'
Source: Streetwise Reports (01/06/2021)

The terms and benefits of Earthstone Energy's purchase of an oil and gas company, an "eye-catching act of deal making," are presented in a ROTH Capital Partners report.

Energy Firm to Combine with Materials, Nanocomposites Company
Source: Streetwise Reports (12/16/2020)

Torchlight Energy Resources sees the transaction providing its shareholders "access to the multibillion-dollar markets that Metamaterial serves."

Oil & Gas Producer Reports on Thailand Operations
Source: Streetwise Reports (12/02/2020)

Pan Orient Energy Corp. reports on continuing drill operations in Thailand.

Energy Company Boosts Thailand Oil Production, Offers 'Low Risk Production Growth'
Source: Streetwise Reports (11/19/2020)

The highlights of Pan Orient Energy's third quarter are presented in a Mackie Research Capital Corp. report.

Texas Oil & Gas Firm to Sell Its Stake in Delaware Basin Project
Source: Streetwise Reports (11/18/2020)

For its interest, Torchlight Energy Resources is to receive $350,000.

Oil & Gas Firm Reports Q3 Operational, Financial Results
Source: Streetwise Reports (11/16/2020)

Pan Orient Energy and its joint venture partner continue producing and selling oil from its L53 Concession in Thailand, which are funding ongoing exploration work there.

Texas Oil & Gas Explorer Completes Fracking of Midland Basin Well
Source: Streetwise Reports (11/11/2020)

The next step for Torchlight Energy's well at Hazel is flowback, which is to start next week.

Altus Midstream Shares Flow Higher on Q3 Earnings and Plans for $1.50/Share Dividend in Q1/21
Source: Streetwise Reports (11/05/2020)

Shares of Altus Midstream Co. traded 170% higher after the firm reported Q3/20 financial results and announced plans to pay a quarterly dividend of $1.50 per share beginning in March 2021.