Year-End Review 2015: Torchlight Energy (NASDAQ: TRCH)
Torchlight Energy Resources, Inc. (NASDAQ: TRCH), based in Plano, Texas, is an oil and gas Exploration and Production (E&P) company with a primary focus on acquisition and development of highly profitable domestic oil fields, and the Company currently holds interests in Texas, Kansas and Oklahoma where their targets are established plays such as the Wolf Penn, Eagle Ford Shale, Mississippi Limestone and Hunton Limestone trends, according to the company’s website (see here: www.TorchlightEnergy.com). SNNLive spoke with Will McAndrew, COO of Torchlight Energy Resources, Inc. at the LD Micro "Main Event" 2015 in Bel Air, CA.
In this video interview, Mr. McAndrew and our host discuss the following topics:
- Overview of Torchlight Energy Resources, Inc.
- Update on corporate developments and the company’s projects
- Comments on acquisition in West Texas
- Describes the Permian Basin
- Discusses oil prices and how that affects the company
The interview may contain forward looking statements about Torchlight Energy Resources, Inc. See Torchlight Energy's periodic filings with the Securities and Exchange Commission for more complete information.
(February 4, 2016 - 5:00 AM EST)
E&Ps Locking in Cash Flows and Sales Prices OPEC’s agreement to cut production levels has kicked off a rush among shale oil companies to hedge their oil price risk above $50 for 2017 and 2018. The number of E&Ps selling oil for delivery next year has pushed the WTI forward curve into slight backwardation after two years of contango. Compare[Read More…]
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