SAN FRANCISCO, CA--(Marketwired - March 18, 2016) - The low price of oil has meant that a lot of companies are going broke, but not so with Torchlight Energy Resources Inc. (
Torchlight Energy is out with an update that comes roughly 30 days after the company updated venture investors that it had decided to move on from the successful drilling and data capture of its Rich A-11 well, up to that point its primary valuation-driving well in the all-important Orogrande project. This new update is more comprehensive; Torchlight Energy updated investors as to progress being made regarding its Marcelina Creek and Orogrande projects, as well as provided a merger-and-acquisition update regarding its Hunton assets, which are currently being marketed.
Regarding the Marcelina Creek Project:
Progress is being made on all fronts in the Marcelina, with Torchlight updating the Johnson #1, #2 and #4 wells. It's important to keep in context Torchlight's overall lack of maturity and overall lack of scale when reviewing the following updates. Put simply, Torchlight is able to continue to…
Continue reading this interview: Torchlight Energy: Unlocking Value Into the Oil Bear
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