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:

Keith Kohl, Pure Energy Trader

(3/19/19)
"We may be sitting on the hottest, most overlooked stock in the play: Torchlight Resources Inc. So far this year, our shares of the company have surged 166%. . .Torchlight is the only player in the Orogrande. . .the Orogrande is precisely what Big Oil is looking for in the Permian Basin, and it wouldn't surprise me if we see the bigger fish swoop in."

Technical analyst Clive Maund charts this small-cap energy company and explains why he sees it as a strong buy.
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Clive Maund, CliveMaund.com

(3/12/19)
"Our three-month chart shows that Torchlight Energy Resources Inc. is nicely set up for another run that could easily take it well past the February peak; it is just above a quite strong support level with additional support from the rising 50-day moving average coming into play. And we have just seen a bullish moving average cross, and the earlier overbought condition that prompted us to take profits has unwound."

The next step is to analyze the array of data generated during drilling.
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Michael Heim, Noble Capital

(2/22/19)
"Torchlight Energy Resources Inc. completed the drilling phase of three wells; the wells in Orogrande confirmed several new pay zones in addition to Wolfcamp (1,300 ft) including the Atoka (6,200 ft). Management indicated the Atoka has 500 feet of structural gain and excellent porosity; the wells meet drilling requirements to hold land position (two more need to be done by year-end)."

headshot of John White

John White, ROTH Capital Partners

(2/21/19)
"Torchlight Energy Resources Inc. has announced its Maverick A24 #1 well has encountered oil in the Atoka formation, has confirmed a deep structural petroleum trap in the Atoka formation and confirmed excellent porosity in the Atoka. . .the company encountered physical evidence of crude oil with oil appearing on the drilling fluid pits during drilling."

John White, ROTH Capital Partners

(2/8/19)
"Torchlight Energy Resources Inc. announced the addition of a new member to its board of directors, Robert Lance Cook; he will serve as an independent director. Additionally, R. David Newton will be stepping down from his position on the board for personal reasons; with this change the company will have five directors including three independent members."

The energy firm explained how drilling will proceed.
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John White, ROTH Capital Partners

(1/7/19)
"Torchlight Energy Resources Inc. announced that it has initiated the drilling phase of the University Maverick A24 #1 well in its Orogrande basin drilling program. The A24 #1 will be drilled to vertically test the structural high theory of the play."

Oil and gas drilling company hits a milestone at its 133,000 acre position in the Permian Basin in Texas. On the heels of a $6 million financing deal, the company has been releasing drill results and continues to drill.
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A ROTH Capital Partners report reviewed the implications of these preliminary results.
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The company intends to test the next well for hints of hydrocarbons seen in the first.
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A ROTH Capital Partners report relayed this latest news.
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A ROTH Capital Partners report discussed where this energy explorer/developer stands with its primary efforts.
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More Expert Comments

Experts Following This Company

Alex Helmel, CFO & Director – Global Cannabis Applications Corp.
Keith Kohl – Energy and Capital
Clive Maund – CliveMaund.com
headshot of Bob Moriarty
Bob Moriarty, Author – 321 Gold
headshot of John White
John White, Senior Research Analyst – ROTH Capital Partners

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