Torchlight Issues Update on the Johnson #4 Buda Well in Wilson County, Texas
HOUSTON, Nov. 30, 2011 /PRNewswire/ -- Torchlight Energy Resources, Inc. (OTCBB:TRCH) is pleased to announce to its shareholders an update on the Johnson #4 well. As previously announced, the Johnson #4 Buda well was drilled to a total depth of 8540 ft. The well was logged and had shows and calculated pay in four different zones in the lower Cretaceous aged formations. The well was perforated and tested in the Buda formation and produced test results as high as 144 barrels of oil. Following repairs of mechanical problems, the well is still testing and cleaning up with rates varying at 100 BOPD and associated gas.
You can view more information on the company's website at www.torchlightenergy.com.
FORWARD LOOKING STATEMENTS
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.
SOURCE Torchlight Energy Resources, Inc.