Meta Materials Inc (MMAT)

[SF Wolf]

Torchlight should be a couple of weeks out from drilling their first horizontal well in the Wolfcamp formation which probably explains recent upward price appreciation.


"The Flying B Ranch #3H is being permitted and will be spud sometime in mid to late June. This will be the first horizontal test in the project for Torchlight. The Company plans to begin with a vertical pilot to collect scientific information and then immediately drill a ~7500' lateral leg.
http://finance.yahoo.com/news/torchlight-announces-successful-vertical-test-120000633.html";