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Wednesday, September 06, 2017 8:41:15 AM
PLANO, TX -- (September 6, 2017) -Torchlight Energy Resources, Inc. (TRCH) ("Torchlight" or the "Company"), today announced that the frac stimulation has been completed on its Flying B Ranch #3H well.
All 28 stages were delivered per the Company’s plan and the coiled tubing unit is now on location to prepare the well for flow back after drilling out the plugs. Torchlight expects flowback to begin immediately following this procedure and that the 350,000 barrels of frac load water used during the stimulation will be extracted before the end of September.
“The team at Maverick and AST did a great job of executing on the frac delivery,” stated John Brda, CEO of Torchlight Energy. “We were able to perform the stimulation according to the plan laid out at the onset. We are excited to be entering the flowback period which will ultimately allow us to gauge Initial Production (IP) rates for this well. We look forward to providing our next update as soon as measurable results are available.”
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