Page 2 - Hazel Project News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Torchlight Energy Resources, Inc.: Torchlight Senior Secured Lender Converts Remaining $1.5 Million of Senior Debt PLANO, TX / ACCESSWIRE / February 16, 2021 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH), an oil and gas exploration company ("Torchlight"), announced today that Torchlight's only remaining secured noteholder has converted all $1.5 million of its remaining position into common stock at the conversion price of $1.50 per share, for a total of 1,000,000 shares. This leaves Torchlight with no term debt remaining on its books. The blanket liens on the Orogrande Project and the Haz...

Torchlight Energy (TRCH) stock is soaring higher on Tuesday after announcing that it no longer has any term debt to worry about.

Option Partner to Continue Operations at Energy Firm's Texas Oil & Gas Project News Update The efforts will meet Torchlight Energy Resources' development requirements at Hazel. Torchlight Drill Pad Torchlight Energy Resources Inc. (TRCH:NASDAQ) announced in a news release that Masterson Hazel Partners decided to exercise its option to perform operations at Torchlight's Hazel oil and gas project in Texas. Per the related agreement from August 2020, "Masterson will conduct operations sufficient to satisfy Torchlight's continuous development obligations on the northern half of the Hazel ...

(2) 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...