Torchlight Announces Reaching Total Depth on First Horizontal Test Well

Torchlight Energy Resources, Inc. (NASDAQ: TRCH) announced that its university founders A25 1H well has reached total depth with a 1000-foot lateral leg in the primary pay zone from a 5500-foot vertical depth.

As quoted in the press release:

The well has been cased and cemented and is awaiting stimulation. The Company plans to complete the well in late March to early April based on vendor schedules and frac design preparation. The next step is to establish the best possible frac stimulation package utilizing data gathered from shale logs, imaging logs, sidewall cores, mud logs, shows and samples.

John Brda, CEO, commented:

This is a huge step for Torchlight. The decision was made to TD the well after drilling a 1000-foot lateral. This should allow for a sufficient test of economic horizontal oil drilling potential in the Orogrande Basin and give us a great indicator of how the reservoir may perform at different lateral lengths. We are excited for our shareholders in anticipation of finally testing the horizontal nature of this play and look forward to encountering those results this spring.

Click here to read the full Torchlight Energy Resources, Inc. (NASDAQ: TRCH) press release.