$TRCH News: Torchlight Energy Provides Operational Update

PLANO, TX - (http://www.financialnewsmedia.com News Alert) - Torchlight Energy Resources, Inc. (NASDAQ: TRCH) ("Torchlight" or the "Company"), today provided an operational update on its projects. Read this and more TRCH news at http://financialnewsmedia.com/profiles/trch.html



Hazel Project:

Flying B Ranch #3: To date the Flying B Ranch #3 has attained a highest measured production rate of 465 BOPD and 248 MCFPD of gas as the well continues to clean up with 45% of load water recovered. Torchlight reports continually improving oil cuts as high as 30% and over 12,000 barrels of oil produced thus far. The recent production rates are comparable to other Midland Basin Wolfcamp A wells with 5,000 foot Laterals and on par with Torchlight's expectations for the well. Permanent production facilities are being installed and the Company is negotiating to market any gas not used for operations.



Flying B Ranch #4: A new well in the Hazel Project, named the Flying B Ranch #4, was permitted, drilled and reached vertical total depth as outlined under the Company's lease requirements. Torchlight plans to continue to weigh the production data from the Flying B #3 before deciding on which zone to target for a horizontal objective in the well. The well configuration is set up for a 7,500' or 10,000' lateral to be drilled after evaluation.



Torchlight confirmed that it's horizontal development thesis has been proven in the Hazel asset and is planning to enter the next phase for the project. Along with operational planning, the Company will be considering reserve potential and multiple scenarios for entering development at the lowest available cost of capital.



Orogrande Project:

University Founders A25H: Torchlight's next Orogrande Basin Project well, the University Founders A25 #1H has been spud and the Company is currently preparing to drill below intermediate casing at ~3,000 feet. The wellbore design is such that the casing size is sufficient to allow Project Geologist Rich Masterson to acquire all necessary scientific data, cores and sophisticated well logs to identify an entry point for the lateral section and proper isolation of zones behind pipe. Management recently documented progress during...