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Hot Stocks
Torchlight Energy Resources, Metamaterial extend LOI » 08:13
11/30/20
11/30
08:13
11/30/20
08:13
TRCH

Torchlight Energy Resources

$0.39 /

+0.0277 (+7.70%)

Torchlight Energy…

Torchlight Energy Resources and Metamaterial announced the extension of the non-binding letter of intent, or LOI, to December 11. The letter of intent was originally announced on September 21. Torchlight and META are continuing to work toward completion of a definitive agreement and have agreed to extend the letter of intent, including without limitation the non-solicitation period. Entry into a transaction will be subject to satisfactory completion of due diligence by both parties, negotiation of a definitive agreement and audits of Torchlight and META. If a definitive agreement is entered into, it is expected that the closing of a transaction will include customary closing conditions, including Nasdaq and CSE approval and approval by the shareholders of both companies. There can be no assurances that a transaction will be consummated as a result of the letter of intent. Torchlight has engaged Roth Capital Partners as financial advisor in connection with the transaction. META has engaged Hamilton Clark as financial advisor on its behalf. Additional details will be announced if and when a definitive agreement is reached.

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TRCH Torchlight Energy Resources
$0.39 /

+0.0277 (+7.70%)

TRCH Torchlight Energy Resources
$0.39 /

+0.0277 (+7.70%)

03/13/20 Roth Capital
Torchlight Energy Resources downgraded to Neutral from Buy at Roth Capital
03/03/20
LD Micro to hold a virtual conference
  • 14
    Jan
Over a week ago
Hot Stocks
Torchlight, Metamaterial extend LOI, continue work towards definitive agreement » 08:17
11/02/20
11/02
08:17
11/02/20
08:17
TRCH

Torchlight Energy Resources

$0.28 /

+0.002 (+0.71%)

Torchlight Energy…

Torchlight Energy Resources and Metamaterial , a developer of high-performance functional materials and nanocomposite products, announced today the extension of the non-binding letter of intent to November 30, 2020. The letter of intent was originally announced on September 21. Torchlight and META are continuing to work toward completion of a definitive agreement and have agreed to extend the letter of intent, including without limitation the non-solicitation period. Entry into a transaction will be subject to satisfactory completion of due diligence by both parties, negotiation of a definitive agreement and audits of Torchlight and META. If a definitive agreement is entered into, it is expected that the closing of a transaction will include customary closing conditions, including NASDAQ and CSE approval and approval by the shareholders of both companies. There can be no assurances that a transaction will be consummated as a result of the letter of intent. Torchlight has engaged Roth Capital Partners as financial advisor in connection with the transaction. META has engaged Hamilton Clark as financial advisor on its behalf. Additional details will be announced if and when a definitive agreement is reached.

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TRCH Torchlight Energy Resources
$0.28 /

+0.002 (+0.71%)

TRCH Torchlight Energy Resources
$0.28 /

+0.002 (+0.71%)

03/13/20 Roth Capital
Torchlight Energy Resources downgraded to Neutral from Buy at Roth Capital
03/03/20
LD Micro to hold a virtual conference
  • 14
    Jan
Over a month ago
Syndicate
Torchlight Energy files $60M mixed securities shelf  16:37
09/25/20
09/25
16:37
09/25/20
16:37
TRCH

Torchlight Energy Resources

$0.24 /

+0.0066 (+2.87%)

 
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TRCH Torchlight Energy Resources
$0.24 /

+0.0066 (+2.87%)

TRCH Torchlight Energy Resources
$0.24 /

+0.0066 (+2.87%)

03/13/20 Roth Capital
Torchlight Energy Resources downgraded to Neutral from Buy at Roth Capital
03/03/20
LD Micro to hold a virtual conference
  • 14
    Jan
Over a quarter ago
Hot Stocks
Torchlight announces drilling completion on new Hazel Project horizontal well » 08:14
08/28/20
08/28
08:14
08/28/20
08:14
TRCH

Torchlight Energy Resources

$0.31 /

+0.0021 (+0.68%)

Torchlight Energy…

Torchlight Energy Resources said in a release, "Torchlight Energy Resources reported that the recently announced well drilled by the option holders on the Hazel acreage has been drilled and cased. The rig will be released and preparations made for the frac to be delivered in early October. The horizontal portion of the well was successfully steered in the Wolfcamp A zone from start to finish and reached an approximate horizontal length of 7500 feet."

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TRCH Torchlight Energy Resources
$0.31 /

+0.0021 (+0.68%)

TRCH Torchlight Energy Resources
$0.31 /

+0.0021 (+0.68%)

03/13/20 Roth Capital
Torchlight Energy Resources downgraded to Neutral from Buy at Roth Capital
03/03/20
LD Micro to hold a virtual conference
  • 14
    Jan
Syndicate
Torchlight Energy files to sell 1.63M shares of common stock for holders  17:14
08/24/20
08/24
17:14
08/24/20
17:14
TRCH

Torchlight Energy Resources

$0.31 /

+0.0137 (+4.56%)

 
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TRCH Torchlight Energy Resources
$0.31 /

+0.0137 (+4.56%)

TRCH Torchlight Energy Resources
$0.31 /

+0.0137 (+4.56%)

03/13/20 Roth Capital
Torchlight Energy Resources downgraded to Neutral from Buy at Roth Capital
03/03/20
LD Micro to hold a virtual conference
  • 14
    Jan
Hot Stocks
Torchlight Energy Resources enters option agreement to sell Hazel Project » 08:10
08/13/20
08/13
08:10
08/13/20
08:10
TRCH

Torchlight Energy Resources

$0.31 /

+0.0034 (+1.11%)

Torchlight Energy…

Torchlight Energy Resources, announced the signing of an option agreement to sell the Hazel Project to a group of private investors. Torchlight said in a release, "The Company has agreed to sell the acreage at $1,300 an acre after an option period. The investors must drill and complete the Flying B Ranch #4 well in the project to earn the option and then, after a period of evaluation, they have the option to acquire the remaining acreage for the amount stated. Torchlight controls 9,600 net acres in the play and if the option is exercised and the acreage sold, the purchase price would bring in approximately $12.4 million dollars. If the option is exercised, the funds would be transferred no later than March 31, 2021. If the investors do not exercise, their recourse is the revenue associated with the production from the Flying B #4 only, until such time as they recoup their funds, and then the wellbore and production is turned back over to Torchlight. The well will be drilled and completed horizontally in the Wolfcamp A formation with a proposed lateral distance of 7,500 feet."

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TRCH Torchlight Energy Resources
$0.31 /

+0.0034 (+1.11%)

TRCH Torchlight Energy Resources
$0.31 /

+0.0034 (+1.11%)

03/13/20 Roth Capital
Torchlight Energy Resources downgraded to Neutral from Buy at Roth Capital
03/03/20
LD Micro to hold a virtual conference
  • 14
    Jan
Hot Stocks
Torchlight Energy Resources receives Nasdaq extension » 12:59
08/04/20
08/04
12:59
08/04/20
12:59
TRCH

Torchlight Energy Resources

$0.32 /

-0.0035 (-1.09%)

Torchlight Energy…

Torchlight Energy Resources received a letter from NASDAQ for an extension to meet its minimum bid requirement with NASDAQ for 180 days or until Feb 1, 2021. "We have remained in compliance with all aspects of our listing with the exception of the minimum bid price," stated John Brda CEO of Torchlight. "The extension received today allows us 180 days to comply with the minimum bid requirement and more importantly, it gives the Company time to recover from the pandemic. In the next six months, we hope to make good progress on the sale of our non-core assets as well as bringing in a suitor or partner on the Orogrande project."

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TRCH Torchlight Energy Resources
$0.32 /

-0.0035 (-1.09%)

TRCH Torchlight Energy Resources
$0.32 /

-0.0035 (-1.09%)

03/13/20 Roth Capital
Torchlight Energy Resources downgraded to Neutral from Buy at Roth Capital
03/03/20
LD Micro to hold a virtual conference
  • 14
    Jan
Hot Stocks
Ionic Ventures reports 9.99% passive stake in Torchlight Energy Resources  07:22
06/17/20
06/17
07:22
06/17/20
07:22
TRCH

Torchlight Energy Resources

$0.42 /

+0.0285 (+7.33%)

 
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TRCH Torchlight Energy Resources
$0.42 /

+0.0285 (+7.33%)

TRCH Torchlight Energy Resources
$0.42 /

+0.0285 (+7.33%)

03/13/20 Roth Capital
Torchlight Energy Resources downgraded to Neutral from Buy at Roth Capital
03/03/20
LD Micro to hold a virtual conference
Hot Stocks
Torchlight Energy Resources suspends field operations at Orogrande Project » 08:36
04/06/20
04/06
08:36
04/06/20
08:36
TRCH

Torchlight Energy Resources

$0.39 /

+0.0115 (+3.04%)

Torchlight Energy…

Torchlight Energy Resources provided an operational update on its Orogrande Basin Project and announced compliance with Texas Governor Greg Abbott's Stay-At-Home Order. In compliance with Governor Abbott's Stay-At-Home Order until at least April 30th, Torchlight has suspended current field operations on the Orogrande Project. The company intends to be back to work on two very important projects during the month of May, or as soon as the Governor lifts his Stay-At-Home Order. "The safety of our operations team, as well as the field personnel of the service companies, is our first priority," stated John Brda, CEO of Torchlight Energy. The company was very close to completing the installation of a gas lift system on its recently announced oil producing Cactus #1H well completed in the Pennsylvania Silt (WolfPenn) formation. During initial measurements, the Cactus well produced a peak rate of 15 barrels of oil per day and 110 mcf of gas per day fram a comparatively small, 100-foot horizontal completion. This equates to a potential of 1500 barrels of oil per day and 11 million cubic feet of gas per day from a typical 10,000-foot lateral completion. The installation of a gas lift system should significantly reduce the hydrostatic pressure on the formation's dual porosity system, thereby increasing the hydrocarbon production on the Cactus well. Additionally, Torchlight received some very positive early results from the conventional Atoka Formation in the Founders A25 #2 well. With a very small acid job, the Founders A25 #2 well recovered both oil and gas during swab testing. Importantly, the well did not make any formation water during the swab test. Once field operations begin again, the company will initiate a fracture treatment on this well. Although oil and gas have been produced out of the Penn Silt unconventional pay zone in two wells, the Founders A25 #2 Atoka production is the first well on the Torchlight acreage block to recover hydrocarbons out of a conventional zone. The 3rd party science team, led by Mike Zebrowki, has identified over 20,000 acres of potential conventional structures on Torchlight acreage, using seismic, gravity and magnetics data.

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TRCH Torchlight Energy Resources
$0.39 /

+0.0115 (+3.04%)

03/13/20 Roth Capital
Torchlight Energy Resources downgraded to Neutral from Buy at Roth Capital
03/03/20
LD Micro to hold a virtual conference
Downgrade
Torchlight Energy Resources downgraded to Neutral from Buy at Roth Capital » 09:06
03/13/20
03/13
09:06
03/13/20
09:06
TRCH

Torchlight Energy Resources

$0.45 /

-0.001 (-0.22%)

Roth Capital analyst John…

Roth Capital analyst John M. White downgraded Torchlight Energy Resources to Neutral from Buy. Due to the large decrease in crude oil prices, a number of U.S. E&P companies have announced reduced 2020 capital expenditure guidance, White says. The analyst downgraded the shares as he awaits possible revised capex guidance from Torchlight.

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TRCH Torchlight Energy Resources
$0.45 /

-0.001 (-0.22%)

03/03/20
LD Micro to hold a virtual conference
04/02/19 Roth Capital
Major oil should be interested in Torchlight Energy Resources, says Roth Capital

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