TRCH - Torchlight Energy Resources, Inc.

NasdaqCM - NasdaqCM Real Time Price. Currency in USD
0.6031
-0.0320 (-5.04%)
As of 10:28AM EST. Market open.
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Previous Close0.6351
Open0.6200
Bid0.6001 x 1000
Ask0.6100 x 1000
Day's Range0.6200 - 0.6389
52 Week Range0.5600 - 1.9800
Volume107,468
Avg. Volume173,383
Market Cap48.155M
Beta (5Y Monthly)2.00
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
All
News
Press Releases
  • ACCESSWIRE

    Torchlight Extends Debt Maturity with Private Investor

    The maturity date of the subject promissory note has been extended for one year, from April 10, 2020 to April 10, 2021. As part of the terms of the referenced extension agreement, the Company paid the noteholder a fee of $80,000.

  • ACCESSWIRE

    Torchlight Provides Update on Its A25 #2 Vertical Test Well

    The well reached total depth at 7623 feet and encountered several conventional pay zones as well as drilling through the unconventional Wolfcamp, Penn, Barnett and Woodford zones. Torchlight previously had confirmation on the Wolfcamp and Penn formations but this is the first time the Company and its operator Maverick Operating have drilled through and confirmed the presence of the Barnett and Woodford formations directly on its lease.

  • ACCESSWIRE

    Torchlight Provides Operational Update on Its Orogrande Basin Project

    After analyzing the initial data, Torchlight's scientific team has identified multiple conventional pay zones. Torchlight continues carefully removing load water on its recently fracked Cactus A35 #1H (Penn Formation) well and is seeing good results.

  • ACCESSWIRE

    Torchlight Energy Resources, Inc. Announces Closing of Underwritten Public Offering of Common Stock

    PLANO, TX / ACCESSWIRE / January 16, 2020 / Torchlight Energy Resources, Inc. (TRCH), an energy company engaged in the acquisition, exploration, exploitation and/or development of oil and natural gas properties in the United States, today announced the closing of its previously announced underwritten public offering of 3,285,715 shares of its common stock at a public offering price of $0.70 per share, for total gross proceeds of approximately $2.3 million, before deducting underwriting discounts and other offering expenses payable by the Company. Torchlight Energy Resources, Inc. intends to use the net proceeds from the offering for general business purposes, which may include drilling capital, acquisitions of assets and working capital. A shelf registration statement relating to the shares of common stock issued in the offering was filed with the Securities and Exchange Commission (the "SEC") and has been declared effective.

  • ACCESSWIRE

    Torchlight Energy Prices $2.3 Million Underwritten Public Offering of Common Stock

    In addition, Torchlight has granted the underwriters a 45-day option to purchase up to 15% additional shares of common stock at the public offering price, less offering expenses, to cover over-allotments, if any. Aegis Capital Corp. is acting as sole book-runner for the offering.

  • ACCESSWIRE

    Torchlight Energy Resources Announces Proposed Public Offering of Common Stock

    In addition, the Company also expects to grant to the underwriter for the offering a 45-day option to purchase up to an additional 15% of the number of shares of common stock offered in the public offering to cover over-allotments, if any. The Company intends to use the net proceeds for general business purposes, which may include drilling capital, acquisitions of assets and working capital.

  • ACCESSWIRE

    Torchlight Provides Update on Fracture Stimulation Results on the A35 #1H Well

    Following a discontinuous contractor schedule during the holidays, Maverick Operating installed tubing and an electric submersible pump in the last four days and has begun pumping back frac fluid load on the Cactus A35 #1H well. Intake pressure remains over 1000 psi and the Company is anticipating increased hydrocarbon content as the frac load and intake pressure both decline. "We are very encouraged to be seeing oil and gas shows from this well early in the frac flowback process," stated John Brda, Torchlight's CEO.

  • ACCESSWIRE

    Torchlight Provides Orogrande Basin Project Operational Update

    The planned frac is an attempt to break through the dual porosity system and expand pore access in the oil window of the Pennsylvania Silt Zone encountered during drilling. A single-stage frac is being employed to show the potential for commercial oil production from the target zone. The Company has also finished the drilling phase of the Founders A25 #2 well and is currently running a full suite of drilling logs and sidewall cores.

  • ACCESSWIRE

    Torchlight Hosts Webcast Discussion of New Horizontal Well Log Results and Frac Plans

    PLANO, TX / ACCESSWIRE / November 7, 2019 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH) ("Torchlight" or the "Company"), today announced that management has recorded a technical walk through with consulting engineer Mike Zebrowski do discuss scientific data including well logs and plans to frac the recently drilled Cactus A35 1H lateral in the Company's Orogrande Basin Project. The webcast of call recording will be available at the following link posted to the Company's website. The recording will cover details regarding the previously announced Cactus A35 1H well which was drilled horizontally, extending from the vertical test well formerly drilled by Trail Mountain targeting deeper pay zones.

  • ACCESSWIRE

    Torchlight Energy Achieves New Horizontal Well Results and Drills New Vertical Test Well in The Orogrande Basin Project

    PLANO, TX / ACCESSWIRE / October 31, 2019 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH) ("Torchlight" or the "Company"), today announced that in concert with ongoing efforts to identify, provide scientific data and enter an agreement with potential suitors for development of the sizable Orogrande Basin Project development, the Company has completed the drilling of the Cactus A35 1H lateral with partner Maverick Operating and is underway on drilling a new vertical test well, the Founders A25 #2. The Cactus A35 1H well was drilled horizontally, extending from the vertical test well formerly drilled by Trail Mountain, which was targeting deeper pay zones. The original casing set by Trail Mountain was an appropriate size for Torchlight to re-enter, cut a window and drill directionally into the proven Penn Section that the Company announced as a New Field Discovery earlier this year.

  • ACCESSWIRE

    Torchlight Finalizes Working Interest Increase in Orogrande Basin Assets

    PLANO, TX / ACCESSWIRE / July 19, 2019 / Torchlight Energy Resources, Inc. (NASDAQ: TRCH ) ("Torchlight" or the "Company") , today announced that it has made final payment to Founders ...

  • ACCESSWIRE

    Torchlight Provides Progress Update on Its Orogrande Basin Project

    PLANO, TX / ACCESSWIRE / May 21, 2019 / Torchlight Energy Resources, Inc. (NASDAQ: TRCH) ("Torchlight" or the "Company"), today provided an update regarding the Company's process addressing acquisition interest from industry majors in its Orogrande Basin Project. Since commencing discussions in April, Torchlight has made seven individual presentations to publicly traded industry majors and private equity backed firms.

  • ACCESSWIRE

    CORRECTION: Torchlight Announces New Field Discovery 3rd Party Reserve Estimate of 3.678 Billion Barrels in Recovery Potential from Unconventional Zones

    This Press Release Replaces the Press Release Issued on April 11, 2019 at 8:00AM EDT with Updated Range of Recoverable Values Receives Final Petrophysics Report on its Orogrande Basin Project PLANO, TX ...

  • ACCESSWIRE

    Torchlight Announces New Field Discovery 3rd Party Reserve Estimate of 3.678 Billion Barrels in Recovery Potential From Unconventional Zones

    PLANO, TX / ACCESSWIRE / April 11, 2019 / Torchlight Energy Resources, Inc. (NASDAQ: TRCH) (''Torchlight'' or the ''Company''), today announced that the Company has received the final petrophysical report relating to its Orogrande Basin Project. The report will be utilized in the delivery of due diligence materials to industry suitors for potential M&A discussions with Torchlight. The final report, prepared by Stimulation Petrophysics Consulting out of Denver, outlines the potential recoverable reserves from the unconventional zones on Torchlight's 134,000 acres in the Orogrande Basin.

  • ACCESSWIRE

    Torchlight to Participate in the 31st Annual ROTH Capital Conference

    PLANO, TX / ACCESSWIRE / March 11, 2019 / Torchlight Energy Resources, Inc. ( TRCH ) ("Torchlight" or the "Company"), today announced that the Company will has been invited to participate ...

  • ACCESSWIRE

    Torchlight to Host Orogrande Basin Project Update Call

    PLANO, TX / ACCESSWIRE / March 8, 2019 / Torchlight Energy Resources, Inc. (NASDAQ: TRCH ) ("Torchlight" or the "Company") , today announced that the Company will host a corporate update ...