TRCH:NASDAQ

Torchlight Energy Resources Inc.

Torchlight Energy Resources Inc., based in Plano, Texas, is a high-growth oil and gas exploration and production company with a primary focus on the acquisition and development of highly profitable domestic oil fields. The company holds interests in Texas, Oklahoma and Kansas, where its targets are established plays such as the Eagle Ford and Hunton trends. Focused on proven, established plays with multiple pay zones, the company has a solid management team with over 175 years of combined experience.
TRCH:NASDAQ

Expert Comments:

"Torchlight Energy Resources Inc. . .is very optimistic. It drilled its first well on the Orogrande, but instead of going to full production, it is collecting data. This is a large prospect, 180,000 acres. Last week Torchlight announced a definitive agreement with Founders Oil and Gas LLC. Founders will provide $5M in project reimbursement costs and an additional $45M in development capital in exchange for a 50% working interest in the project. Founders will also become the operator of record." read more >

More Expert Comments

Experts Following This Company

Jim Collins, Founding Partner – The Portfolio Guru
Bob Moriarty, Author 321 Energy
Dallas Salazar – Capgainr

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