Investment Highlights Torchlights strategy is to execute within the Permian Basin to create shareholder value through the development of its assets. Permian Pure Play Torchlight believes it has entered the Permian Basin at attractive…
Management Team Mr. Brda has been our President and Secretary and a member of the Board of Directors since January 2012. He was John Brda promoted to CEO in December of 2014 with the exit of our co-founder Tom Lapinski. Mr. Brda, who…
Board of Directors Mr. McCabe has been a member of Torchlights Board of Directors since July 2016, and was appointed Chairman of the Board in October 2016. He has 32 years of oil and gas experience. He is a principal of numerous oil…
Board of Directors (Cont.) Mr. Newton has been member of our Board of Directors since October 2016. He has more than 25 years of experience in management consulting from various positions he has held with US based investment firms. His…
Defined Strategy For Success Permian Basin Focus The Permian has seen significant public and private E&P investment Certain transactions have exceeded 60,000 per undeveloped acre in an M&A transaction (recent Concho 70,000 per…
Torchlight Overview Corporate Highlights Focused on developing and producing Permian Basin assets Over 100,000 net acres (not net effective, actual) Project Hazel Winkler Project 2018 drilling and completion plan call for 6 gross…
Permian Focused Interconnected Permian Basin Torchlight Target Regions 9
Orogrande Project Basin Comparison Statistic Founders B19 - 1 Midland Basin Comparison Vertical Depth 5,300 - 6,000 ft 7,000ft - 9,000 ft Thickness of Reservoir 700 - 1,300 ft 300ft - 700 ft Porosity 4.09% - 21.58% 3.5% - 8%…
Orogrande Project Asset Overview 133,000 acres all under University Lands Lease covers majority of the basin in Texas 67.75% working interest 2 vertical test wells and 1 horizontal successfully drilled to date Plan to drill and…
Orogrande Project Technical & Operational Overview A substantial amount of the geological, petrophysical and engineering work has been done to date with over 20 million in capital deployed to the Orogrande with our partners Founders…
Hazel Project (Midland Basin)1 Acreage Overview 12,000 gross (9,600 net acres), 80% WI (operated) Rich Masterson (geologist) originated project 74-75% Net Revenue Interest 19 contiguous sections leased in the AMI First two wells…
Hazel Project (Midland Basin) Offset Operators The Project Hazel acreage is surrounded by many successful oil and gas wells dating back to the 1960s Drilling and completion activity continues to approach the Project Hazel and as…
Hazel Project (Midland Basin) Coke Valuation Analogs Favorable offset valuation benchmarks established by recent transactions by large Private Equity players. Sterling Independence Resource Management (Warburg Pincus) acquired…
Hazel Project (Midland Basin) Type Curve Daily Rate Internal Estimates: 10,000 lateral, IP 650 BOPD, 752k BO EUR, 7mm AFE, IRR 64% 55 oil 16
Winkler Project Acreage Overview 640 gross (67.2 net acres), 10.72% WI (non-operated) Private Equity backed MECO IV to operate the leasehold Rich Masterson (geologist) originated project 10,000 foot laterals First well to spud in Q2…
Winkler Project Offset Operators The Winkler Project is located in a hotspot for horizontal development activity and is offset by more than 13,0001 successful wells Offset Operators in Winkler county Include: Recent Offset…
Winkler Project Cross Section 19
Summary Orogrande Project 133,000 Acres, Orogrande Basin Project Hazel 12,000 Acres, Midland Basin Permian Focused Winkler Project 640 Acres, Delaware Basin Opportunistically acquiring acreage and projects At least 6 wells…
Corporate Contact Information Torchlight Energy 5700 W. Plano Pkwy 3600 Plano, TX 75093 214-432-8002 www.torchlightenergy.com Investor Relations MZ Group Derek Gradwell SVP, Natural Resources 512-270-6990…
Loading...
