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PLANO, TX / ACCESSWIRE / January 21, 2021 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH)
( Torchlight or the Company ), today reported that Masterson Hazel Partners LP ( Masterson ) has notified the Company of its intent to exercise its option to perform operations, at Masterson s sole cost and expense, on Torchlight s Hazel Project, as set out under the Option Agreement, dated August of 2020, between Torchlight, Masterson and the McCabe Petroleum Corporation. Masterson will conduct operations sufficient to satisfy Torchlight s continuous development obligations on the northern half of the Hazel Project, which will keep the leases current while flowback and cleanup continues on the Flying B Ranch #4H well.
Notice of Intent to Perform Operations Received from Hazel Project Option Holder theusnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theusnews.com Daily Mail and Mail on Sunday newspapers.