Torchlight Energy Resources, Inc. (TRCH)
Torchlight Energy Resources, Inc. is a Plano, Texas based domestic oil and gas Exploration and Production (E&P) company with a primary focus on acquisition and development of profitable oil fields. The company currently holds interests in Texas and Kansas where their targets are in established plays such as the Austin Chalk, Eagle Ford, Morrow, Wolfcamp A&B, and WolfPenn formations. The company has been operating in the industry since late 2010.
Description
Torchlight Energy Resources, Inc. is a Plano, Texas based domestic oil and gas Exploration and Production (E&P) company with a primary focus on acquisition and development of profitable oil fields. The company currently holds interests in Texas and Kansas where their targets are in established plays such as the Austin Chalk, Eagle Ford, Morrow, Wolfcamp A&B, and WolfPenn formations. The company has been operating in the industry since late 2010.
Management believes opportunities exist to identify and pursue relatively low risk projects at very attractive entry prices. These projects may be available from small operators in financial distress, larger companies that need to share costs, and large producers who are consolidating their activities in other areas. Management believes attractive entry prices and tight cost control will result in returns that are superior to those achieved by major companies or small independents. An integral part of this strategy is the partnering of major activities. Such partnering will enable us to acquire the talents of proven industry veterans, as needed, without affecting our long-term fixed overhead costs.
Contact Information
5700 W. Plano Parkway
Suite 3600
Plano, TX 75093
Website: http://www.torchlightenergy.com
Phone: (214) 432-8002
Email: ir@torchlightenergy.com
Financial Reporting/Disclosure
Reporting Status : U.S. Reporting: SEC Reporting
Latest Report : Jun 30, 2016 10-Q
CIK : 0001431959
Fiscal Year End : 12/31
OTC Marketplace : Not Available
Profile Data
SIC – Industry Classification : Not Available
Business Status : Exploration Stage Company a/o Aug 03, 2010
Incorporated In : NV, USA
Year of Inc. : 2007
Employees : Not Available
Company Directors
Not Available
Service Providers
Accounting/Auditing Firm
Calvetti, Ferguson & Wagner, P.C.
Legal Counsel
Axelrod, Smith & Kirshbaum
5300 Memorial Drive
Suite 700
Houston, TX, 77007
United States
Investor Relations Firm
Not Available
Company Notes
- Formerly=Pole Perfect Studios, Inc. until 2-2011