Exploration & Production | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update | Deals - Acquisition, Mergers, Divestitures
Torchlight Sees Major Acreage Growth; Eyes Mississippian, Hunton Targets
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Torchlight Energy Resources, Inc. has reported its full year results for the twelve months ended December 31, 2013.
Full Year 2013 Highlights: Revenues increased 20% to $1.2 million revenues for full year 2013 8 producing wells at December 31, 2013 with net 114 BOEPD 1,566,455 BOE net proved reserves at December 31, 2013 vs. 417,500 at December 31, 2012 Completed drilling on Johnson #2H well in Marcelina Creek Project in Texas Signed agreement with Ring Energy to acquire 50% working interest on 17,000 acres of prospective oil fields in Kansas Purchased 15.3% to 25% working interest in 21,000+ acres in the Hunton Limestone AMI's operated by Husky Ventures with continued leasing in AMI's that total of 300,000 gross acres Began trading on NASDAQ Capital Markets on December 16, 2013Tom Lapi…
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