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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 ...

Torchlight Energy Resources, Inc.: Torchlight Senior Secured Lender Converts $4 Million of Senior Debt PLANO, TX / ACCESSWIRE / January 22, 2021 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH), an oil and gas exploration company ("Torchlight"), announced today that the David A. Straz, Jr. Foundation has converted $4 million of its senior secured note of Torchlight, representing the entire principal amount of its debt position in Torchlight, into common stock. The conversion price for the conversion was $1.50 per share. Torchlight still owes $8.5 million in senior secured debt to the David A...

(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...

Renewable Energy and Electric Vehicle Penny Stocks To Watch Right Now After a day of political turmoil in the U.S., the stock market and many penny stocks managed to move higher. It seems as though investors feel quite confident in the direction that the U.S. is moving. With election troubles behind us at this point, we can finally start 2021 off by searching for penny stocks to watch. Given that Joe Biden will be going into office, there is a large focus on both renewable energy and electric vehicle penny stocks. There are a few reasons why this is the case. For one, Biden has stated that h...

Torchlight Energy Resources, Inc.: Torchlight Eliminates $1,100,953 in Debt PLANO, TX / ACCESSWIRE / December 23, 2020 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH), an oil and gas exploration company ("Torchlight"), announced today that the holders of $1,100,953 of Torchlight's subordinated debt have agreed to convert such debt into the common stock of Torchlight, with $500,000 of the subordinated debt converting at $0.43 per share, and $600,953 of the subordinated debt converting at a renegotiated conversion price of $0.50 per share, as compared to the original conversion price of $0.75...