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Torchlight Wraps Up Frac Ops, Flowback of HZ Hunton Well

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   |    Monday,August 05,2013

Torchlight Energy Resources Inc. has successfully completed the initial fracking of its Boeckman 1-4H Well.

Located in the Company's Cimarron Project horizantal Hunton play, Boeckman 1-4H has commenced Flowback.

Torchlight and its partners in the Cimarron Project, have successfully completed a 21 stage frack, after which the well began to flowback on July 24th, 2013. The productive reservoir is the Hunton Formation where a gas lifting mechanism will be employed by the Company at the wellhead, increasing productivity and reducing the well operating costs. This is the 19th well drilled and operated in this area by Huskey Ventures, the operator of the project.

Tom Lapinski, CEO of Torchlight Energy, commented: "We are very encouraged by the completion results on Boeckman 1-4H. As historically seen on wells in the area, we expect this well will reach peak production within 30 to 60 days. The gas lift is in place as on analogous wells in the field and we are seeing the types of results we have expected to encounter. We look forward to announcing an update for Boeckman 1-4H as soon as production and revenue stabilizes."

Torchlight Energy has a 15% working interest in the Cimarron Project, located in Central, Oklahoma and spanning approximately 3,500 acres. Husky Ventures has successfully drilled 19 wells in this region with IPs between 500 and 1,100 BOEPD per well. The Boeckman 1-14H, drilled to a total depth of 7,800 feet with a 4,200 foot lateral targeting the Hunton formation, is a direct offset to an existing producing well drilled by Husky Ventures. Torchlight Energy plans to participate in the drilling of three to four additional wells out of their 20+ targets in 2013.