(NASDAQ: TRCH) Investor Presentation Emerging E&P April 2016 1
Corporate Snapshot NASDAQ: TRCH Share Price (4/1/16) 0.74 Market Cap (1) 25.9 MM Common Shares Outstanding 35.0 MM Float 20.5 MM Warrants (2) 21.5 MM Insider Ownership + 10% owners 14.5 MM Fully Diluted O/S Shares (3)…
Torchlight Energy Overview Permian - 168,000 acre Orogrande project, Hudspeth County, TX Completed initial vertical science well confirming correlative depositional and petrophysical environments to the Delaware Wolfbone and Midland…
History Major Headlines and Timeline Sep 2014 Jun 2015 Nov 2015 Feb 2016 Announced acquisition Completed 9.8 million Signed a definitive Announced successful re- of 168,000 acre private placement of agreement to sell a portion entry…
Property Overview Vertical Mississippi / Morrow Finney / Gray, KS Kansas Wolfcamp A&B, Leonard, Dean Hudspeth County, TX Midland Basin Wilson County, TX WolfPenn Texas Eagle Ford, Austin Chalk and Buda / Georgetown…
Interconnected Permian Basin 7
Basinal Comparison 8
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 150000 acres that have been…
Orogrande Basin Project Hudspeth County, TX Orogrande Project 168,000 gross acres 47.5% working interest Targeting 1300 of pay described as WolfPenn Pay zone depths 4000 to 6100 Oil and high BTU gas 80/20 mix expected Lease…
Orogrande Basin Project Rich A-11 Well Rich A-11 well was drilled vertically to a depth of 6091 Add picture of Rich A-11 Well Utilized Haliburton for logging and analysis while Drilling Utilized Special Core Analysis Laboratories…
Midland Basin Project Recent acquisition Prospect Area 12,000 acres 66.66% WI 13
Midland Basin Project Overview Midland Basin Project Leasehold 12,000 gross (7,999 net acres), 100% operated 75% Net Revenue Interest 19 contiguous sections leased in the AMI First two wells will be vertical to establish the…
Midland Basin Project Cross-Section A - A 15
Marcelina Creek Project Wilson County, TX 16
Marcelina Creek Project Wilson County, TX Torchlight owns 75% working interest in majority of the Johnson 1BH Flare while drilling acreage Three producing wells Combined 300+ BOPD 100% CAPEX paid by 2 non-op industry partners Lease…
Marcelina Creek Project Wilson County, TX 18
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 11-5-16 for 4.6M Eliminated 2.8+ million of debt and provided over 1.4M cash 20
Torchlight Energy Overview Permian - 168,000 acre Orogrande project, Hudspeth County, TX Completed initial vertical science well confirming correlative depositional and petrophysical environments to the Delaware Wolfbone and Midland…
Executive Management & Directors Mr. Brda has been our President and Secretary and a member of the Board of Director since January 2012. He was promoted to CEO in December of 2014 with the exit of our co-founder Tom Lapinski. Mr. Brda,…
Board of Directors Mr. Barney has over 30 years of experience in various management and consulting positions with technology, oil services Jerry Barney and government entities. Mr. Barney was a director of Barney Family Companies, a…