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.

Expert Comments:

"I have an interest in Torchlight Energy Resources Inc. It's a smaller, newer company, and it is going to drill wells in the Orogrande Basin project in Hudspeth County, West Texas. I originated some of the geological work and ideas there, and the Orogrande compares well to the Wolfbone, with the same rocks that were productive in the Wolfbone. We are using the same application of logic and parameters of evaluation as in the other basins. This was the third Permian Basin in West Texas. . .I'll have the luxury of doing all the science for the Orogrande. It's a geologist's dream to go into a new basin and try to find oil and gas. We'll give it the very best evaluation and shot at production as possible. The company is taking a geographically wild—but geologically not so wild—idea and performing the scientific methodology and completions used to the east, in the Delaware and Midland basins. Once you've reduced the risk as much as you can, all that's left to do is to drill it and find out. The risk/reward is huge, with a great potential for reward." read more >

"When I write about an energy stock, it's because I know the management. I met the people at Torchlight Energy Resources Inc. when I was out in L.A. at a conference a few months ago. They're raising money, and the company is going to have a lot of money when the cost of projects and the cost of drilling comes down. Torchlight is drilling in Texas, Kansas and Oklahoma. . .I'd like to see Torchlight increase its acreage and do drilling. It's a very favorable time because things have slowed in the patch." read more >

"I met with Torchlight Energy Resources Inc., which has projects in Texas, Oklahoma and Kansas. The company recently announced that it is acquiring 172,000 acres in West Texas known as the Orogrande Basin. It is a large target, mostly contiguous, and that will aid in exploitation. This acreage was part of the University of Texas in a county that has seen very little drilling activity recently. That makes Torchlight a pioneer, which can mean more risk, but also potentially much more return. Torchlight will act as the operator, which is a shift from its historic non-operating model. The geologist, Rich Masterson, is a legend in Texas. His efforts have led to much of the development in the Permian basin." read more >

Joe Giamichael, Umbrella Research & Advisory (8/19/14)
"Torchlight Energy Resources Inc.'s Q2/14 revenues grew over 900% year over year and 155% sequentially; management discussed having recently achieved operational cash flow profitability. . .the company has significantly expanded its asset base, drilling inventory and production in 2013 and the first 6 months of 2014, which is evident in the 2013 reserve report, the recent drilling update and the confirmation we expect from an updated reserve report."

Joe Giamichael, Umbrella Research & Advisory (6/10/14)
"Torchlight Energy Resources Inc. was unfairly and dishonestly attacked in a piece published by an anonymous author on Seeking Alpha yesterday; the article used inflammatory language, fear-inducing headlines and false and misleading information as the crux of its attempt to make the argument that the company has no fundamental value and is likely to be an imminent bankruptcy. I could not more strongly disagree with the anonymous, yet disclosed short positioned author."

Peter Epstein, Seeking Alpha (6/10/14)
"On June 8, an article with an aggressive and alarmist title came out stating Torchlight Energy Resources Inc.'s stock 'May Go to $0'. . . after reading the summary, I realized I had little to worry about. . .the only good news is that new and existing investors now have a buying opportunity."

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