Torchlight Energy Resources, Inc. Announces Further Board Expansion

Mar 10, 2011, 16:42 ET from Torchlight Energy Resources, Inc.

HOUSTON, March 10, 2011 /PRNewswire/ -- Torchlight Energy Resources, Inc. (OTC Bulletin Board: TRCH) has announced that effective March 10, 2011, Mr. Wayne Turner has been added to the Board.

Mr. Turner has extensive experience in the oil and gas industry.   A brief excerpt of his Bio follows.

  • Wayne Turner is presently the Managing Partner of a private seismic company and Managing Partner of a private oil and gas exploration company.
  • Wayne took over management of JEBCO Seismic, LP in 1989, when he bought into the company.  JEBCO is exclusively in the non-exclusive seismic business.  JEBCO has operated both offshore and onshore in Canada and the U.S.  JEBCO has also conducted surveys in the North Sea, Africa, Asia, and South America.
  • One of JEBCO's most significant accomplishments was signing an agreement with the Ministry of Geology in the USSR in 1989.  The company was active in Russia, Kazakhstan, Uzbekistan, and Azerbaijan (before and after the break-up of the USSR).  The company provided oil and gas exploration information to the industry, assisted in license rounds, and assisted in direct negotiations for oil and gas properties in these countries.  JEBCO's base of data consisted of hundreds of thousands of kilometers of 2-D seismic data, thousands of well, and numerous volumes of oil and gas exploration reports and evaluations.  Mr. Turner spent significant time in these countries and personally negotiated all relevant agreements involved.
  • Wayne started the Big Thicket Oil & Gas, L.P. in 2001.  This company is active in oil and gas exploration in Texas, Louisiana, Oklahoma, and New Mexico at the present time.  Most of the activity is through partnerships, allowing the company to remain small in staff, but have access to expertise in different areas through these partnerships.  Big Thicket does not operate wells, but is involved in generating and evaluating prospects.

"Adding Wayne Turner to our board is a very important and positive step for our company.  He brings a tremendous depth and knowledge in the oil and gas industry, and in particular Wayne has excellent access to deal flow," stated Tom Lapinski, CEO.  "This is the next step in expanding our Board and we are in the process of identifying candidates to fill two more positions to round out the Board to five members."

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.



RELATED LINKS

http://www.torchlightenergy.com