One-Page Deal Sheet
Torchlight to Bolt On Additional MissLime Interest
Torchlight Energy Resources, Inc. Redhawk Resources Inc.
Announced Date
January 03,2013
Transaction Type
Property
Asset/Basin:
{"Mississippian Lime"}
TargetZones:
{"Mississippian Lime
Transaction Details: Subscribe to see
Torchlight Energy Resources Inc. has signed an agreement with Redhawk Resources on its 15,000 gross acres in Finney County, Kansas.
The transaction is the result of an Option Agreement signed between Redhawk and Terrace US Holdings, LLC (a wholly owned subsidiary of Terrace Energy Corp.). When closed, the transaction will result in Torchlight receiving a 9% WI in the acreage and a small overriding royalty interest (ORRI). Torchlight will be carried through the tanks on a minimum of three horizontal Mississippian obligation wells, with the possibility of several more carried wells upon…
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