Building a network of advisors is key to the pipeline of high quality opportunities as many attractive investment opportunities could be presented from outside companies as well as from the large informal community of geoscientists and engineers. If management decides to invest in a project and take it to development, only then will additional staff with very specific responsibilities be hired, which should help to keep fixed costs down. This is where the company’s experienced management team can add the most value as they will be in charge of investment evaluation while expert or specific technical support will be outsourced as needed. Broadly, this process incorporates prospect acquisition, regional and local geological and geophysical evaluations, data processing, economic analysis, lease acquisition and negotiations, permitting and field supervision. This is the first and primary step in the company’s operations as recognition of quality investment opportunities is key to Torchlight’s growth and profitability. Each one of these business process offers the company an opportunity to seek a distinct partner or alliance as the company grows and expands its operations. There are three primary business processes that the company adheres to including Investment Evaluation and Review, Operations and Field Activities and Administrative and Finance Management. With a proven management team and tremendous access to pre-market deal flow, Torchlight Energy, will be poised for tremendous growth and consequently, tremendous public company multiples and valuation for our investors. Torchlight is focused on highly probable and profitable drilling and working interest programs that have a short window of payback, a high IRR, proven and bookable reserves, and are US based. is headquartered in Plano, Texas and is positioned as a junior oil and gas player with a primary spotlight on oil. The company currently holds interests in Texas where their targets are established plays such as the Permian Basin and the Eagle Ford Shale. (NASDAQ: TRCH), based in Plano, Texas, is a high growth oil and gas Exploration and Production (E&P) company with a primary focus on acquisition and development of highly profitable domestic oil fields. Over the course of the past 24 hours, the stock had the third-highest number of mentions and was only behind AMC Entertainment and Ocugen, the two other noted ‘meme stocks’.Torchlight Energy Resources, Inc. In other words, the stock might have entered the group of ‘meme stocks’ that might now be the target of retail investors. While the announcement might have been a trigger for the rally in the stock during premarket trading period this morning, it is also important to note that the stock seems to have caught the attention of retail traders on the social media platform Stocktwits. It is also important to point out that the company expects its merger deal with Metamaterial to be closed before the end of June. The announcement led to a flurry of activity in the company’s stock and it was no surprise that the Torchlight stock jumped yesterday. The company also revealed that those who hold common shares in Torchlight as of June 24, 2021, will receive one Series A preferred share in the company. The dividends are on Torchlight Energy’s Series A preferred shares which are related to its merger transaction with Metamaterial. The latest rally in the stock has been triggered by an announcement from the company about a special dividend after the closure of markets yesterday. The stock has been on the move in the premarket trading period this morning and has gone up by as much as 33% at the time of writing. Investors are often known to look for stocks that have managed to deliver strong gains over a reasonably long period of time and such an approach is understandable considering the short-term volatility in certain stocks.īy that token, it could be a good move for investors to start tracking the Torchlight Energy (NASDAQ:TRCH) stock, which has emerged as one of the major gainers in the past six months and clocked gains of 550% during that period.
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