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Torchlight to Begin Drilling at Five Well Mississippian Project
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Torchlight Energy Resources, Inc. plans to commence drilling for its initial 5-well program in Southwest Kansas on or before Feb. 5, 2014.
The Company expects to complete all five wells by the end of March and then evaluate before commencing with the second five well program.
John Brda, President of Torchlight Energy, commented: "We are very excited to begin the drilling efforts on our previously announced Kansas Joint Venture. This marks the start to development of one of our two Kansas assets. These vertical Mississippian targets should prove very complimentary to our existing producing wells and help grow us toward our 2014 production goals."
Torchlight Energy signed the JV agreement on October 17, 2013 to acquire a 50% working interest on 17,000 acres of highly prospective oil and gas fields in Gray, Haskell and Finney Counties in Southwest Kansas in the southern end of the Hugoton play.