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Torchlight Energy Resources (TRCH)
Surprising reserve data.
- Torchlight Energy presented updated information on its Orogrande project, significantly increasing its estimated potential recoverable reserves. Just one week earlier, the company estimated that its acreage could have 1.0 billion barrels of reserves. Today, in a presentation to the investment community, it indicated it could have as much as 3.7 billion barrels.
- Management believes the time to sell the assets or the company is now! The company plans to make presentations to investors beginning in April. Management said in a call with analysts that its number one goal is to sell the company, but that other opti...
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