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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.
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August 27, 2014
08:09 EDTTRCHTorchlight Energy Resources reports total Oklahoma project reserves up 225%
Torchlight Energy Resources received an updated mid-year 2014 reserve report for its oil and gas assets in the Hunton Play in Central Oklahoma indicating that the total project reserves increased from $21.5M at December 31, 2013 to approximately $70M at July 1, 2014. Highlights include: total P1 reserves increased from $21.5M to $35M; total P2 reserves increased from zero to $35M; PV-10 reserves, from Torchlight's Hunton and Marcelina Creek assets were $92.56M at July 1 vs. $43.83M at December 31, 2013.
August 25, 2014
17:03 EDTTRCHCastleton Commodities reports 9.9% passive stake in Torchlight Energy Resources

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