Meta Materials Inc (MMAT)

[Southern Gal]

WE"VE STRUCK OIL!!!

CURRENTLY $7500 PER DAY (150 BARRELS PER DAY). AND THAT FIGURE WILL IMPROVE DRAMATICALLY ONCE THE REMAINING FRACK WATER IS REMOVED.

Torchlight Provides Update on its Flying B Ranch #3H Well

Marketwired MarketwiredOctober 18, 2017
PLANO, TX--(Marketwired - October 18, 2017) - Torchlight Energy Resources, Inc. (TRCH) (TRCH) ("Torchlight" or the "Company"), today provided an update to the flowback process underway on its Flying B Ranch #3H well. The initial barrels of load water to be recovered measured 318,000 and while early flowback was achieved without the assistance of a pump, the Operator placed the well on artificial lift employing an electric submersible pump (ESP) to decrease the load water recovery time based on initial rates. Currently the Company is producing ~2500 barrels of fluid per day and is experiencing increasing oil cuts and gas production with ~260,000 barrels of frac fluid remaining to be removed. Most recent measurements reflected an oil cut of roughly 6% reaching ~150 BO/d and 30 MCF/d. Following the flowback/clean-up process, Torchlight will test daily production over a measured period and report the extrapolated 24-hour initial production (IP) figure.