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Stock Market & Financial Investment News

News Breaks
June 25, 2014
08:16 EDTTRCHTorchlight Energy commences drilling on Smokey Hills project
Torchlight Energy Resources issued an update on the progress of its joint project with Husky Ventures in Smokey Hills, Kansas. Torchlight Energy, the operator of the project, successfully spud the first well in this joint project. The well is slated to be drilled to a target depth of 3,500 feet. The company expects to drill an initial 10 well test project and upon successful results, an additional 15 to 20 wells in the 18,000 acre area during the third and fourth quarter of 2014.
News For TRCH From The Last 14 Days
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August 14, 2014
18:09 EDTTRCHTorchlight Energy Resources reports Q2 EPS (17c) vs. (17c) a year ago
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August 7, 2014
08:50 EDTTRCHTorchlight Energy Resources to acquire 172K acres in West Texas
Torchlight Energy Resources announced that it has signed a definitive agreement to acquire 100% Working Interest in 172,000 mostly contiguous acres in the Orogrande Basin in West Texas, approximately 22 miles east of El Paso in Hudspeth County. At closing, the company will be required to pay a total consideration of 865,000 shares of Torchlight common stock and $100,000 in cash to McCabe Petroleum. The acreage is in the primary term under five-year leases that carry additional five-year extensions provisions. The company expects the transaction will close in September. Torchlight will be the operator of the project and has begun initial logistical work in the area.

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