Torchlight Energy Resources Inc
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*Nasdaq FSI: *Deficient: Issuer Failed to Meet NASDAQ Continued Listing Requirements

Energy : Oil, Gas & Consumable Fuels | Small Cap Value
Company profile

Torchlight Energy Resources, Inc. (Torchlight) is an energy company. The Company is engaged in the acquisition, exploration, exploitation and/or development of oil and natural gas properties in the United States. The Company is primarily focused on the acquisition of early stage projects, the development and delineation of these projects, and then the monetization of those assets once these activities are completed. Torchlight has interests in four oil and gas projects: the Orogrande Project in Hudspeth County, Texas; the Hazel Project in Sterling, Tom Green, and Irion Counties, Texas; the Winkler Project in Winkler County, Texas, and the Hunton wells in partnership with Husky in Central Oklahoma. The Company operates its business through its subsidiaries, including Torchlight Energy, Inc., Torchlight Energy Operating, LLC, Hudspeth Oil Corporation, Torchlight Hazel, LLC and Warwink Properties, LLC.

Closing Price
$1.37
Day's Change
-0.10 (-6.80%)
Bid
--
Ask
--
B/A Size
--
Day's High
1.46
Day's Low
1.30
Volume
(Light)
Volume:
8,131,819

10-day average volume:
10,502,486
8,131,819

Energy stocks see broad rally as oil prices jump

1:57 pm ET September 16, 2020 (MarketWatch)
Print

Energy stocks enjoyed a broad rally Wednesday, with the sector posting the biggest gains among the S&P 500 11 key sectors, as oil prices jumped (http://www.marketwatch.com/story/oil-prices-jump-as-inventories-fall-hurricane-curtails-production-2020-09-16) following data showing a drop in supply and as Hurricane Sally curtailed production. Chevron Corp.'s stock (CVX) rallied 3.1% to be among the Dow Jones Industrial Average's top gainers, but was just the SPDR Energy Select Sector ETF's (XLE) 24th-best performer. The energy ETF climbed 4.1% in afternoon trading, with all 26 components gaining ground. Among's the ETF's most-active members, shares of Occidental Petroleum Corp. (OXY) jumped 9.3%, Marathon Oil Corp. (MRO) hiked up 6.0%, Exxon Mobil Corp. (XOM) rose 3.8%, Halliburton Co. (HAL) advanced 4.9% and Schlumberger Ltd. (SLB) shot up 5.1%. Meanwhile, crude oil futures climbed 4.5%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

September 16, 2020 13:57 ET (17:57 GMT)

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