Torchlight Energy Resources Inc (TRCH) - Oil & Gas - Deals and Alliances Profile

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Pages: 83
November 2018
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Region : North America
GlobalData
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Summary

Torchlight Energy Resources Inc (Torchlight Energy), formerly Pole Perfect Studios Inc is an oil and gas exploration and production company. The company's activities include acquisition, exploration and development of domestic oil fields. Its business process includes investment evaluation and review, operations and field activities and administrative and finance management. Torchlight Energy holds interests in oil and gas projects such as The Cimarron Project, Orogrande Project, Ring JV, and The Marcelina Creek Project. The company's Cimarron Project is located to the north of Oklahoma City in the Edmonds Field producing oil and gas. Torchlight Energy is headquartered in Plano, Texas, the US.

Torchlight Energy Resources Inc (TRCH)-Oil & Gas-Deals and Alliances Profile provides you comprehensive data and trend analysis of the company's Mergers and Acquisitions (M&As), partnerships and financings. The report provides detailed information on Mergers and Acquisitions, Equity/Debt Offerings, Private Equity, Venture Financing and Partnership transactions recorded by the company over a five year period. The report offers detailed comparative data on the number of deals and their value categorized into deal types, sub-sector and regions.

GlobalData derived the data presented in this report from proprietary in-house Oil & Gas eTrack deals database, and primary and secondary research.

Scope

- Financial Deals-Analysis of the company's financial deals including Mergers and Acquisitions, Equity/Debt Offerings, Private Equity, Venture Financing and Partnerships.

- Deals by Year-Chart and table displaying information encompassing the number of deals and value reported by the company by year, for a five year period.

- Deals by Type-Chart and table depicting information including the number of deals and value reported by the company by type such as Mergers and Acquisitions, Equity/Debt Offering etc.

- Deals by Region-Chart and table presenting information on the number of deals and value reported by the company by region, which includes North America, Europe, Asia Pacific, the Middle East and Africa and South and Central America.

- Deals by Sub-sector-Chart and table showing information on the number of deals and value reported by the company, by sub-sector.

- Major Deals-Information on the company's major financial deals. Each such deal has a brief summary, deal type, deal rationale; and deal financials and target Company's (major public companies) key financial metrics and ratios.

- Business Description-A brief description of the company's operations.

- Key Employees-A list of the key executives of the company.

- Important Locations and Subsidiaries-A list and contact details of key centers of operation and subsidiaries of the company.

- Key Competitors-A list of the key competitors of the company.

- Key Recent Developments-A brief on recent news about the company.

Reasons to buy

Get detailed information on the company's financial deals that enable you to understand the company's expansion/divestiture and fund requirements

- The profile enables you to analyze the company's financial deals by region, by year, by business segments and by type, for a five year period.

Understand the company's business segments' expansion / divestiture strategy

- The profile presents deals from the company's core business segments' perspective to help you understand its corporate strategy.

Access elaborate information on the company's recent financial deals that enable you to understand the key deals which have shaped the company

- Detailed information on major recent deals includes a summary of each deal, deal type, deal rationale, deal financials and Target Company's key financial metrics and ratios.

Equip yourself with detailed information about the company's operations to identify potential customers and suppliers.

- The profile analyzes the company's business structure, locations and subsidiaries, key executives and key competitors.

Stay up-to-date on the major developments affecting the company

- Recent developments concerning the company presented in the profile help you track important events.

Gain key insights into the company for academic or business research

- Key elements such as break up of deals into categories and information on detailed major deals are incorporated into the profile to assist your academic or business research needs.

Note*: Some sections may be missing if data is unavailable for the company.

Scope

Table of Contents

Table of Contents 3

List of Tables 5

List of Figures 6

Torchlight Energy Resources Inc, Oil & Gas, Deals By Year, 2012 to YTD 2018 7

Torchlight Energy Resources Inc, Oil & Gas Deals By Type, 2012 to YTD 2018 8

Torchlight Energy Resources Inc, Oil & Gas, Deals By Region, 2012 to YTD 2018 9

Torchlight Energy Resources Inc, Oil & Gas, Deals By Sector, 2012 to YTD 2018 10

Torchlight Energy Resources Inc, Oil & Gas, Deals Summary, 2012 to YTD 2018 11

Torchlight Energy Resources Inc, Oil & Gas, Deal Details 13

Asset Purchase 13

Torchlight Energy To Acquire Additional Oil And Gas Acreage In Texas 13

Torchlight Energy And Wolfbone Investments Complete Acquisition Of 40.5% Interest In Orogrande Project, Texas From Founders Oil & Gas 14

Torchlight Energy Completes Acquisition Of Oil And Gas Assets In Ward County, Texas From McCabe Petroleum 15

Torchlight Energy Acquires Additional 6% Interest In Hazel Project In Texas For USD 0.37 Million 16

Torchlight Energy Completes Acquisition Of Additional 40.66% Interest In Hazel Prospect In Texas For Approximately USD 3.2 Million 17

Torchlight Energy Acquires Certain Hazel Project Assets In West Texas From Wolfbone Investments For USD 0.42 Million 18

Torchlight Energy Acquires 66.66% Interest In Oil And Gas Assets In Texas From Mccabe Petroleum For Approximately USD 1.5 Million 19

Torchlight Energy Completes Acquisition Of 172,000 Acres In Orogrande Basin From Hudspeth Oil For USD 3.3 Million 20

Torchlight Energy Completes Acquisition Of Working Interest In Oil And Gas Assets In Oklahoma From Zenith Petroleum For USD 5.9 Million 21

Torchlight Energy Acquires Additional 5% Interest In Oil And Gas Acreage In Central Oklahoma 22

Torchlight Energy Acquires Additional 5% Working Interest In Approximately 5,000 Oil And Gas Acres In South Central Oklahoma 23

Torchlight Energy Acquires 10% Interest In Well In Prairie Grove Prospect In Central Oklahoma 24

Torchlight Energy Acquires 25% Working Interest In Approximately 5,000 Oil And Gas Acres In South Central Oklahoma 25

Torchlight Energy Acquires 25% Interest In Oil And Gas Acreage In Central Oklahoma 26

Torchlight Energy To Acquire 50% Interest In 17,000 Acres In Kansas From Ring Energy 27

Torchlight Energy Acquires Additional 15.3% Working Interest In Hunton Limestone Project In Oklahoma 28

Torchlight Energy Completes Acquisition Of Oil And Gas Assets In Kansas And Oklahoma From Xtreme Oil & Gas For USD 1.6 Million 29

Torchlight Energy Resources Acquires 15% Interest In Hunton Limestone Horizontal Oil Play In Oklahoma 30

Torchlight Energy Completes Acquisition Of 34% Interest In John Coulter 1-R Block In Texas From La Sal Energy For USD 0.35 Million 31

Equity Offering 32

Torchlight Energy Completes Public Offering Of Shares For USD 6.6 Million 32

Torchlight Energy Completes Private Placement Of Series C Convertible Preferred Shares For USD 1 Million 33

Torchlight Energy Completes Private Placement Of Preferred Shares For USD 3.7 Million 34

Torchlight Energy Completes Private Placement Of Series A Convertible Preference Shares For USD 9.8 Million 35

Torchlight Energy Resources Completes Private Placement Of Shares For USD 3 Million 36

Torchlight Energy Completes Private Placement Of Units For USD 5.6 Million 37

Debt Offering 38

Torchlight Energy Completes Private Placement Of 12% Promissory Notes, Due 2020 For USD 4.5 Million 38

Torchlight Energy Completes Private Placement Of 12% Notes, Due 2015 For USD 2.5 Million 39

Torchlight Energy Completes Private Placement Of 12% Notes, Due 2020 For USD 8 Million 40

Torchlight Energy Completes Private Placement Of 12% Convertible Promissory Notes, Due 2017 For USD 1.4 Million 41

Torchlight Energy Completes Public Offering Of Promissory Notes, Due 2017 For USD 3.2 Million 42

Torchlight Energy Completes Private Placement Of 12% Notes Due 2015 For USD 4.2 Million 43

Torchlight Energy Completes Private Placement Of 12% Notes Due 2015 For USD 1.8 Million 44

Torchlight Energy Completes Private Placement Of 12% Notes Due 2014 For USD 1.1 Million 45

Asset Transactions 46

Torchlight Energy Plans To Sell Hazel Project In Midland Basin, Texas 46

Torchlight Energy Sells Interest In Marcelina Project In South Texas For USD 0.55 Million 47

TorchLight Energy Sells Interest In Ring Properties in Kansas 48

Torchlight Energy Completes Sale Of Cimarron Project In Oklahoma For USD 0.75 Million 49

Torchlight Energy Plans To Sell 15.3% Interest In Chisholm Trail Project In Hunton Play In Oklahoma 50

Torchlight Energy Completes Sale Of Chisholm Trail Properties In Oklahoma To Husky Ventures For USD 4.2 Million 51

Torchlight Energy To Sell 50% Interest In Orogrande Project In Texas To Founders Oil And Gas 52

Torchlight To Sell 25% Interest In Johnson 4 well In Texas To PetroBridge 53

Torchlight Energy Sells 5% Working Interest In Orogrande Acreage In Texas For USD 0.5 Million 54

Breitling Energy Acquires Oil And Gas Assets In Oklahoma For USD 0.25 Million 55

Torchlight Energy Completes Acquisition Of 172,000 Acres In Orogrande Basin From Hudspeth Oil For USD 3.3 Million 56

Acquisition 57

Torchlight Energy Completes Acquisition Of Warwink Properties 57

Torchlight Energy Resources Inc-Key Competitors 58

Torchlight Energy Resources Inc-Key Employees 59

Torchlight Energy Resources Inc-Locations And Subsidiaries 60

Head Office 60

Other Locations & Subsidiaries 60

Recent Developments 61

Drilling and Production Updates 61

Oct 31, 2018: Torchlight spuds first of next three wells planned in its Orogrande Basin project 61

Apr 24, 2017: Torchlight Announces Successful Vertical Test In Its latest Midland Basin Well 62

Financial Announcements 63

Apr 30, 2018: Torchlight Energy Successfully Delivers Stimulation On First Horizontal Well In Orogrande Project 63

Other Significant Developments 64

Oct 18, 2018: Torchlight Energy closes on USD 6,000,000 financing and provides operational update 64

Aug 16, 2018: Torchlight provides update on its Orogrande Project 66

Jul 26, 2018: Torchlight announces production from successful horizontal well completion in its orogrande project 67

Apr 09, 2018: Torchlight Energy Announces Plan To Market Midland Basin Assets 68

Feb 20, 2018: Torchlight Announces Reaching Total Depth On Its First Horizontal Test Well In Orogrande Basin 69

Jan 17, 2018: Torchlight Reaches Vertical Total Depth In Orogrande Well And Moves To Horizontal Section 70

Dec 12, 2017: Torchlight Energy Resources announces operational update 71

Oct 18, 2017: Torchlight Provides Update On Its Flying B Ranch 3H Well 72

Sep 06, 2017: Torchlight Energy Announces Frac Stimulation Completed On Flying B Ranch 3H 73

Aug 28, 2017: Torchlight provides operation updates on Permian Basin Hazel project 74

Aug 15, 2017: Torchlight Energy Provides Operational Update 75

Jul 18, 2017: Torchlight Completes Drilling First Horizontal Well In Its Permian (Midland) Basin Acreage 76

Jun 26, 2017: Torchlight Joins Russell Microcap Index 77

Jun 07, 2017: Torchlight To Commence First Horizontal Well In Its Permian (Midland) Basin Acreage 78

Apr 03, 2017: Torchlight Enters Drilling And Development Agreement With University Lands On Its Orogrande Basin Project 79

Feb 21, 2017: Torchlight Provides Update On Midland Basin Well 80

Jan 23, 2017: Torchlight Provides Operational Update For Permian Basin And Orogrande Basin Assets 81

Jan 10, 2017: Torchlight Energy Reaches Total Depth In Midland Basin Well 82

Appendix 83

Methodology 83

About GlobalData 83

Disclaimer 83

List Of Figure

List of Figures

Torchlight Energy Resources Inc, Oil & Gas, Deals by Type, 2012 to YTD 2018 2

Torchlight Energy Resources Inc, Oil & Gas, Deals By Year, 2012 to YTD 2018 2

Torchlight Energy Resources Inc, Oil & Gas, Deals By Region, 2012 to YTD 2018 2

Torchlight Energy Resources Inc, Oil & Gas, Deals By Sector, 2012 to YTD 2018 2

Torchlight Energy Resources Inc, Oil & Gas, Deals By Year, 2012 to YTD 2018 7

Torchlight Energy Resources Inc, Oil & Gas, Deals by Type, 2012 to YTD 2018 8

Torchlight Energy Resources Inc, Oil & Gas, Deals By Region, 2012 to YTD 2018 9

Torchlight Energy Resources Inc, Oil & Gas, Deals by Sector, 2012 to YTD 2018 10

List Of Table

List of Tables

Torchlight Energy Resources Inc, Oil & Gas, Key Facts, 2017 2

Torchlight Energy Resources Inc, Oil & Gas, Deals Summary, 2012 to YTD 2018 2

Torchlight Energy Resources Inc, Oil & Gas, Deals By Year, 2012 to YTD 2018 7

Torchlight Energy Resources Inc, Oil & Gas Deals By Type, 2012 to YTD 2018 8

Torchlight Energy Resources Inc, Oil & Gas, Deals By Region, 2012 to YTD 2018 9

Torchlight Energy Resources Inc, Deals By Sector, 2012 to YTD 2018 10