(NASDAQ: TRCH) Investor Presentation Emerging E&P March 2016 1
Corporate Snapshot NASDAQ: TRCH Share Price (3/18/16) 0.64 Market Cap (3/18/16) 22.4 MM Common Shares Outstanding 35 MM Float 22 MM Warrants 20 MM Insider Ownership + 10% owners 13 MM Fully Diluted O/S Shares * *…
Corporate Overview Headquartered in Plano, Texas Emerging oil and gas company developing mid-continent assets Operated and Non-Operated positions Complete turnaround efforts executed in 2015 Total elimination of Senior Debt…
Major Headlines and Timelines September 24, 2014 - Announced closing of acquisition on 168,000 acres in Orogrande Basin Project in West Texas March 30, 2015 - Began drilling first well in Orogrande Project June 10, 2015 - Announced…
Major Headlines and Timelines September 15, 2015 - Signed farm-out agreement on the Marcelina Creek Project in Wilson County, TX with PetroBridge Energy, Inc. September 29, 2015 Entered definitive agreement with Founders Oil and…
Major Headlines and Timelines November 19, 2015 - Torchlight entered agreement for Goldstone Energy to participate in Marcelina Creek for 10% working interest. January 4, 2016 - Torchlight Announces Partial Cash Closing From Sale…
Properties Overview Vertical Mississippi / Morrow Finney / Gray, KS Kansas Hunton Carbonate Central, OK Oklahoma Hudspeth County, TX Texas Wilson County, TX Wolfcamp, WolfPenn Eagle Ford, Austin Chalk and Buda /…
Interconnected Permian Basin 9
Orogrande Basin Project Hudspeth County, TX Torchlight owns 47.5% working interest 168,000 acres Targeting 1300 of pay described as WolfPenn Pay zone depths 4000 to 6100 Oil and high BTU gas 80/20 mix expected Lease covers majority…
Orogrande Basin Montage Rich Masterson - Originated the Hudspeth County Orogrande Prospect as well as the Wolfbone Unconventional Play in the Delaware Basin where he has prepared prospects totaling over 150,000 acres that have been…
Basinal Comparison 12
Orogrande Basin Lease Map 13
Orogrande Basin Project Rich A-11 Well Torchlight drilled the Rich A-11 Well to a total depth of 6091 with Basic A full suite of logs were taken and analyzed by Haliburton 25 side wall cores were taken and analyzed by Stratochem…
Marcelina Creek Project Wilson County, TX Torchlight owns 75% working interest in majority of the acreage Three producing wells Combined 300+ BOPD 100% CAPX paid by 2 non-op industry partners Johnson 1BH Flare Lease offsets…
Marcelina Creek Project Wilson County, TX 18
Marcelina Creek Project Wilson County, TX 19
Kansas Assets Finney /Gray / Haskell JV with Ring Energy (acreage in yellow) 17,000+ acres under lease TRCH Entered into JV (Drill to Earn) 50% WI in the entire play Proven Operator Ring Energy (Ticker NYSE: REI) 3 county AMI…
Central Oklahoma Assets Assets are currently being marketed for sale 6 AMIs (five remaining) Closed first AMI on 11-5-15 for 4.6M Eliminated 2.8+ million of debt and provided over 1.4M cash 21
Summary Highlights Clean Balance Sheet No Senior Debt Eliminated vendor debt 3.5 million of long term sub debt All assets currently in house EXCLUDING the OROGRANDE provide tremendous drilling opportunities even in a low cost…
Board of Directors Bios Jerry Barney , Director - Mr. Barney has over 30 years of experience in various management and consulting positions with technology, oil services and government entities. Mr. Barney was a director of Barney Family…
Contacts Company John Brda President, CEO & Director 214-432-8002 johntorchlightenergy.com www.torchlightenergy.com Investor Relations MZ Group Derek Gradwell- SVP, Natural Resources 512-270-6990 dgradwellmzgroup.us…
TORCHLIGHT ENERGY RESOURCES TRCH www.torchlightenergy.com