![]() The additional scientific data produced by these new wells will be added to the volume of materials currently being utilized by Torchlight in ongoing marketing efforts. Once the Company completes drilling the Founders A25 #2, it will frac the Cactus A35 #1H and begin completion testing on the A25 #2 simultaneously. The new wellbores will meet current annual drilling commitments required under the Drilling and Development Agreement with University Lands. The Founders A25 #2 will allow Torchlight to evaluate these deeper unconventional zones within the Torchlight Acreage and offer considerable upside.' These zones are proven for horizontal unconventional production in the Delaware Basin, Midland Basin, Ft. ![]() Many wells east of the Torchlight acreage targeted the Helms and Barnett/Woodford sections and achieved hydrocarbon production using only small vertical fracs. 'The Founders A25 #2 well will provide the opportunity to test deeper zones below the Penn Section which offer both Conventional and Unconventional opportunities. The Cactus A35 # 1H was landed horizontally in the sweet spot and then geo-steered to stay within an optimal position for testing one of the oil zones to hydraulically fracture. The Founders A25 #2 is positioned on one of several verified 2D structural highs defined on Torchlight Acreage.Ĭompany Geoscience Team lead, Mike Zebrowski stated, 'The Cactus A35 #1H well targeted one of several prospective target zones within the Pennsylvanian Section, a different and deeper zone than the zone which was productive in the Founders A25 #1H. Additional evaluation will be conducted on the unconventional potential within the Helms, Barnett, and Woodford. This well is designed to be a vertical test to the basement rock and should encounter all previously identified prospective hydrocarbon sections including: the Strawn, Atoka, Devonian, Fusselman, Montoya, and Bliss Sandstone. Īdditionally, Torchlight is currently drilling the Founders A25 #2 well. The Company has posted data from the final drilling reports including horizontal section logs and that information may be viewed at. The lateral was successfully drilled into the Penn Section and Torchlight is currently engineering the completion, which will be extensible to that employed on the A25 1H that produced high quantities of gas. The approach was selected to stimulate the entire dual porosity system and provide productive potential for both oil and gas present in the petrophysical analysis. ![]() The original casing set by Trail Mountain was an appropriate size for Torchlight to re-enter, cut a window and drill directionally into the proven Penn Section that the Company announced as a New Field Discovery earlier this year. ![]() The Cactus A35 1H well was drilled horizontally, extending from the vertical test well formerly drilled by Trail Mountain, which was targeting deeper pay zones. (NASDAQ: TRCH) ('Torchlight' or the 'Company'), today announced that in concert with ongoing efforts to identify, provide scientific data and enter an agreement with potential suitors for development of the sizable Orogrande Basin Project development, the Company has completed the drilling of the Cactus A35 1H lateral with partner Maverick Operating and is underway on drilling a new vertical test well, the Founders A25 #2. ![]() PLANO, TX / ACCESSWIRE / Octo/ Torchlight Energy Resources, Inc. ![]()
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