Torchlight Energy Resources, Inc.
Under the Symbol:
Torchlight Hosts Webcast Discussion of New Horizontal Well Log Results and Frac Plans
Thursday, November 7, 2019 8:00 AM
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. Cactus 35A 1H Engineer Call
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. 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. The approach was selected to stimulate the entire dual porosity system and provide productive potential for both oil and gas present in the petrophysical analysis. The lateral was successfully drilled into the Penn Section and Torchlight is currently engineering the completion, which will be extensible to that employed on the A25 1H that produced high quantities of gas. The Company has posted data from the final drilling reports including horizontal section logs and that information may be viewed at https://www.torchlightenergy.com/media-center/presentations.
About Torchlight Energy
Torchlight Energy Resources, Inc. (NASDAQ:TRCH), 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 has assets focused in West and Central Texas where their targets are established plays such as the Permian Basin. For additional information on the Company, please visit www.torchlightenergy.com.
Forward Looking Statement
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Such forward-looking statements involve known and unknown risks and uncertainties, including risks associated with the Company's ability to obtain additional capital in the future to fund planned expansion, the demand for oil and natural gas, general economic factors, competition in the industry and other factors that could cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. The Company is under no obligation (and expressly disclaims any such obligation) to update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
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SOURCE: Torchlight Energy Resources, Inc.