StockGuru Shines its Spotlight on Torchlight Energy Resources, Inc. (OTCBB: TRCH) Upon the Announcement of a LOI for 50% Farmout of Working Interest — November 3, 2011

StockGuru Shines its Spotlight on Torchlight Energy Resources, Inc. (OTCBB: TRCH) Upon the Announcement of a LOI for 50% Farmout of Working Interest — November 3, 2011

(Dallas, TX. – November 2, 2011) StockGuru Shines its Spotlight on Torchlight Energy Resources, Inc. (OTCBB: TRCH).  The Company  signed a Letter of Intent to Farmout 50% of its Working Interest in the 1080 +/- acre Marcelina Creek block in Wilson County Texas.  The Farm-in Partner is Hockley Energy of Houston, Texas.  The transaction calls for cash payments and a carry on 4 wells.  Yesterday the Company announced that the transaction is expected to close in November and it is subject to final Due Diligence and the signing of the Definitive Agreement.  Torchlight Energy Resources, Inc. closed up 4.62% on November 2, 2011, at $3.40, trading in a fifty-two week range of $0.4989 – 0.0684.

Upon closing, Torchlight and Hockley expect to accelerate the drilling program and drill two vertical wells and two horizontal wells in early 2012.  Although there are several target formations, including the Austin Chalk, Eagle Ford, Buda, Georgetown, and Olmos, we will likely be targeting the Buda formation for completion.  We have the ability to drill 12-14 vertical wells penetrating all zones and over 30,000 feet of horizontal wells on this property.   Vertical Buda wells in the area typically IP at 100 to 350 BOPD and have expected EURs of 100,000 barrels of oil.

When asked about the arrangement, Tom Lapinski, CEO stated, “We are excited about partnering with Hockley Energy on this first Farmout agreement.  This partnership will form the basis of future transactions between the two parties on other parcels sourced by Torchlight for the benefit of both parties.  Hockley, like Torchlight, believes that in order to grow companies, you have to be aggressive in your drilling programs and continuously increase net BOPD.  We expect that together we will be increasing the drilling activity in Marcelina Creek immediately.”

You can view more information on the company’s website at


The information contained in this news release, other than historical information, consists of forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Such forward-looking statements involve known and unknown risks and uncertainties, including risks associated with our ability to obtain additional capital in the future to fund our planned expansion, the demand for oil and natural gas, general economic factors, competition in general and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. The company is under no obligation (and expressly disclaims any such obligation) to update or alter its forward-looking statements whether as a result of new information, future events or otherwise.


To view this StockGuru Spotlight, please visit:

To get free alerts on this and other similar stocks, please register here:

What is the StockGuru Spotlight?

Many companies covered in The StockGuru Spotlight have positive increases in both volume and share price. While this is not true in all cases, StockGuru strives to cover companies in The StockGuru Spotlight that are worth of our readers’ attention.

StockGuru looks for potential break-out candidates in The StockGuru Spotlight.  Many of these companies have had recent news and appear to be getting the attention of investors. StockGuru does not typically feature companies in The StockGuru Spotlight that are compensating StockGuru for this coverage.  There are times when StockGuru covers a stock in The StockGuru Spotlight that had previously compensated Stockguru. Where that is the case, a proper disclosure is included below.   StockGuru and its partners, employees and writers never hold shares, short positions, warrants or any other current position in a stock featured in The StockGuru Spotlight.

To feature a company in The StockGuru Spotlight please contact the Publisher at  If our reader is a key person for a publicly traded company, StockGuru can consider that company for either a StockGuru Spotlight or a StockGuru Profile.  Please contact the StockGuru Publisher John Pentony at this email address: (“SG”) provides its members with the latest news, press releases, and trade alerts for all the companies highlighted on the site SG utilizes information believed to be reliable herein prepared all material. The information contained herein is not guaranteed by SG to be accurate, and should not be considered to be all-inclusive. The owner, publisher, editor and their associates are not responsible for errors and omissions.  SG encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and SG makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies or the information contained herein. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. SG is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein.

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected”, “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and SG undertakes no obligation to update such statements. StockGuru is occasionally compensated for coverage.  When this is the case, SG clearly indicates this with a disclosure of all compensation received in the past and present.  Additionally SG also discloses any anticipated compensation in the future.  Compensation is typically in cash.  Sometimes a company pays SG in restricted shares. Pentony Enterprise and its associated companies does not take free trading shares for any reason at anytime. StockGuru is not a registered investment adviser or a broker-dealer. StockGuru makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.

John Pentony, Publisher,

Tel: +1 469 252 3031