Torchlight Energy Resources, Inc. (TRCH) Reports Farm in Agreement in Texas
Torchlight Energy Resources reported that the company has signed an agreement to farm into an oil and gas prospect in the United States. The company believes that there are commercial quantities of natural gas and condensate present on the property. Torchlight Energy Resources said that the farm in agreement was executed with La Sal Energy LLC, and covers a 940 acre block located in Waller County, Texas. The company is required to provide funds to re-enter an existing well on the property. The well will undergo hydraulic fracturing operations and be completed to the Sparks formation. Torchlight Energy Resources will…