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Torchlight Energy Resources Inc.

TICKER: TRCH:NASDAQ

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.


The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.

Expert Comments:

The Energy Report Interview with Michael Breard (3/11/14) "Torchlight Energy Resources Inc. is a small company with a property in the Eagle Ford that provides cash flow. It plans to sell that asset, if it can get a high enough price, because it is going more into the Hunton play in Central Oklahoma with a private operator, Husky Ventures Inc. Husky has drilled 35—40 wells in the Hunton after spending a lot of money on technical work to find the right spots to drill and has been very successful. Torchlight has four areas of mutual interest with Husky. Torchlight has two other properties in Kansas, where it can drill low-cost, low-risk oil wells. Torchlight is currently drilling in one Kansas play with Ring Energy Inc. . .Torchlight sold $7M in equity recently. It is also looking at a mezzanine financing package or a line of credit. It has already set aside $6M to gain a half-interest in the Ring Energy play in Kansas and has put up its share for at least two more months of drilling with Husky." More >

The Energy Report Interview with Bob Moriarty (2/13/14) "Torchlight Energy Resources Inc. has a bunch of projects in Texas. It plans to drill 90 exploitation wells this year. It has a ton of money in the bank and will be cash flow positive in September 2014. This is a $5 stock that could easily go to $10 or $15." More >

Joe Giamichael, Umbrella Research & Advisory (1/30/14) "Torchlight Energy Resources Inc. announced yesterday that it plans to commence drilling the initial 5-well program in Southwest Kansas by Feb. 5; the company expects to complete all five vertical Mississippian wells by the end of March and evaluate the results before commencing with the second 5-well drilling program. The 10-well program is part of a joint development agreement with Ring Energy Inc. on 17,000 acres in Kansas that was signed in October 2013."

Jim Collins, The Street (1/3/14) "The Hunton play has been good to Gastar Ltd., and Torchlight Energy Resources Inc. is seeing the same results with early wells paying back its investment in less than 100 days. Torchlight is not just Gastar junior, though; in addition to its Oklahoma assets, Torchlight has exposure to two separate plays in Kansas that give the story a little spice. The company is working with Husky Energy Inc. on a Mississippian Lime play and Ring Energy on a Maquoketa Dolomite play, and I believe these two projects will be the propellant for Torchlight's shares in 2014."

Ajay Tandon, SeeThruEquity (12/17/13) "Torchlight Energy Resources Inc.'s Q3/13 revenue of $455K represented an increase of 65.4% from $275K in Q3/12. . .we are raising our price target from $5.13 to $7.44/share based on the company's joint venture with Ring Energy Inc. and expansion in Oklahoma with Husky Ventures Inc. The listing on NASDAQ should also increase volume and take some volatility out of the stock price."

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Joe Giamichael, Umbrella Research & Advisory (12/16/13) "Torchlight Energy Inc.'s shares will begin trading on NASDAQ on Dec. 16, under the same ticker, 'TRCH'. . .the company has strengthened its management team and expanded its board of directors to seven members. . .we view this transition as another exciting initial step in the right direction for a company that has shown the ability, through acreage acquisitions and the implementation of a successful drilling program, to position itself to grow into a mid-cap exploration and production entity over the next two years."

Joe Giamichael, Umbrella Research & Advisory (11/25/13) "Torchlight Energy Inc. generated ~$450K in revenues in Q3/13, a 65% year-over-year and a 167% sequential improvement. . .gross margin for the quarter came in at 70%. . .we reiterate our Buy rating and raise our 12 to 24 month price target from $5 to $8."

Joe Giamichael, Umbrella Research & Advisory (11/8/13) "Torchlight Energy Inc. announced that the Boeckman 1-14H well, which was completed in September of this year, is currently producing 175 bbl/d and 700 Mcf/d gas and has grossed over $2M in total well revenue during the first 90 days of production. The newest well in the area was put into production three weeks ago and is currently producing 733 bbl/d and 669 Mcf/d gas. . .this makes it the sixth producing well for the company overall and the second producing well in the Hunton."

Joe Giamichael, Umbrella Research & Advisory (11/7/13) "Torchlight Energy Inc. announced that it has closed a $4M extension to the previous convertible notes offering, for an aggregate raise of $12M of growth capital. . .the use of proceeds from this raise will be to finance its aggressive drilling campaign. . .we reiterate our Buy rating."

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