orogrande basin value per acrejalan pasar, pudu kedai elektronik

Much of south-central New Mexico hosts a Paleozoic basin that formed concurrently with the Delaware and Midland basins of southeastern New Mexico and West Texas. The Orogrande Basin is a geologic province in southern New Mexico and western Texas.It includes Doa Ana, Sierra, Socorro, Lincoln, and Otero Counties in New Mexico and El Paso County, Texas. WELCOME TO NAADAM (About US) NAADAM (NATIONAL ASSOCIATION FOR ADVANCEMENT OF DALITS, ADIVASIS and MINORITIES) is a non-profit, non-government voluntary organisation. Lease Prices, Demystified. is in the process of . Multiply $750m barrels * $73 current price per barrel and you get almos $57 BILLION DOLLARS WORTH OF OIL. New technologies, such as diverting agents, microfracturing, coil-tipping fracks, and digitalization can increase production in the Permian. You don't have to worry about squaring the measurement, because an acre is already considered to be a squared number. PLANO, TX / ACCESSWIRE / May 21, 2019 / Torchlight Energy Resources, Inc. (NASDAQ: TRCH) ("Torchlight" or the "Company"), today provided an update regarding the Company's process addressing acquisition interest from industry majors in its Orogrande Basin Project. I have no business relationship with any company whose stock is mentioned in this article. Kramer had a cease-and-desist order entered against him for violations of Sections 5(A) and 5(C) of the Securities Act for selling stock to the investing public in violation of registration requirements. Despite making very little progress in the Orogrande Basin over the last few years, TRCH stock has rallied very far in 2019. Is this happening to you frequently? I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. But in July, Plano, Texas-based Torchlight Energy Resources Inc. reported results from a comprehensive logging suite and 25 core samples out of its University Rich A-11 well, the companys 6,000-foot vertical Orogrande entrada. It appears that he has employed a similar strategy at Torchlight. 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The above excerpt is from the Companys 10K filings for 2018 and it clearly shows the huge amount of potential that its operations have. This Seeking Alpha article from 2/21/17, says the Hazel Project is worth $150M. Elephant Analytics has 15 years of analytical experience and unique skills in numerical analysis and practical mathematics. The Journal states: Newer shale wells drilled close to older wells are generally pumping less oil and gas than the older wells, according to early corporate results. In other words, the SEC charged Mr. Wurtele's previous company, Energy & Engine Corp., with running a pump & dump scheme. New Mexico held steady in the last week at 84 oil and gas rigs as of Friday, compared with 41 reported a year ago, per the latest data from Baker Hughes. So, v a = PPA. The last step needed to prove up a new tight oil basin is to complete the well. Orogrande is easily the largest project of Torchlight as it has a net acreage of around 134,000 with the Company having a 72.5% working interest in the project. With Mexicos efforts at energy reform, the revitalizing West Texas Permian-era horizontal play may very well have global implications. The Hazel Project is located in Irion, Sterling and Tom Green counties. Add up the value of all the parcels you want to include in your average, if there's more than one. Wed, 09/24/2014 - 08:59 AM. The other good point is that these institutions have held on and this is evident from the fact that the institutional holding actually went up even with spike in price around March 2019. Torchlight's Winkler Project sale involves a . The company's entire perceived value is based on possible oil in its Orogrande Project. This is just a rough estimate based on the latest information I found, but if accurate it still points to Metamaterial's shares being significantly cheaper than Torchlight's shares if one wanted to invest in the new company. in Finance from Southern Illinois University, Carbondale, IL.". Texas allows for single drilling and development units. Disclosure: I am/we are short TRCH. Some companies are off track by more than 50% in certain regions. For the Quarter Ended September 30, 2019 . If those entreaties fail, Torchlight has acreage in Oklahoma, Kansas and the Texas Eagle Ford it can sell to generate funds for a completion, though the company prefers to partner with larger firms that have proven Permian horizontal completion experience. I was doing some math last night. . 72,727. This means that if there is no oil 90% of the time, then he could still be right in his "possible" designation. They leased the drill to Founders. Northern Oil and Gas, Inc. Alpha Energy Partners. It is the value of your property (v) divided by the number of acres (a). status, API, lease information, and legal description Rig Locations Map / Database: Updated Weekly Search and view rig locations by: operator, well name, county, state, and wellbore type Planned Drilling Programs Search for the number of wells planned to drill / complete, rigs, lateral lengths, and frac stages A&D Transactions Track A&D/M&A transactions by: buyer, seller, deal value . Orogrande Basin Update. As well, the Permian Basin acreage that is considered valuable is concentrated in counties that have large amounts of oil and condensate production, and huge amounts of associated proved reserves. Torchlight Energy Resources (TRCH) is heading towards its merger with Metamaterial (MMATF). I am not receiving compensation for it (other than from Seeking Alpha). Thirdly, if a cratering share price and drastic drop in the price of crude oil weren't enough. September 16, 2019 by PBOG. !, 21.3 acres in Fabens, Texas offered at $200. The funds were used for the expansive drilling at Orogrande Basin. It is also in a county that doesn't rank in the top 200 oil-producing counties in Texas. Any Yes No Irrigated? The value of the special dividend is estimated at $0.45 million for the Winkler Project sale plus $12.4 million for the Hazel Project sale if that goes through. In April, closely held DoublePoint Energy sold to Pioneer . Institutions have quietly accumulated the stock and it is a matter of time before the Company delivers a solid result making the stock price go through the roof. WTI crude prices have been well below $40 per barrel for most of the year. 09-30-2022. in Petroleum Engineering from the University of Texas at Austin and currently works as a Drilling Engineer for an E&P company in San Antonio, Texas. $1,600. Torchlights Midland basin project is its second largest project with approximately 12,000 gross acres of area that will almost entirely be operated. Looking for more investing ideas like this one? Saint used 0.50 per barrel in his calculations (I work in oil & gas industry, 0.50 is low, but we'll use this as floor price evaluation). Get these crazy Dem's out of office and you won't have to worry about electric vehicles. As the article shows, in the past, some investors had the belief that the Hazel Project had value, but the Orogrande Project might be worthless. Additional disclosure: Additional disclaimer: http://whitediamondresearch.com/disclaimer/. This high desert ranch country is punctuated by volcanic intrusions and uplifts that give it a distinctly western landscape. Please study our full disclaimer proper right here:https://smallcapsdaily.com/disclaimer/. Is this happening to you frequently? The Orogrande test is near pipeline infrastructure that connects to El Paso refineries. Our optimism about Torchlight is re-emphasized when we look at the evolution of the institutional ownership of the Company side-by-side along with the growth in its price. The post-October median transaction value declined 95% to just $294 million from the pre-November median value of $5.6 billion. Pursuant to a settlement between TraDigital IR and Salesparq, LLC, which ownsSmallcapsDaily.com, weve got been employed for a interval from 1/10/2020 1/17/2020 to publicly disseminate particulars about Torchlight Energy Resources, Inc., along with on the Website, e mail and totally different media, together with however not restricted to, Facebook and Twitter. In March 2020, holders of notes payable by Torchlight converted $7.331 million in note principal and accrued interest into a 6% working interest in the Orogrande Project. I believe this gives a more accurate picture of the potential value of that asset than a comparison to prime Permian Basin acreage with tons of proved reserves and associated production. Get them exclusively at Distressed Value Investing. In the Permian . The Permian Basin covers an area approximately 250 miles wide and 300 miles long and is composed of more than 7,000 fields (best represented in Railroad Commission of Texas production figures as districts 7C, 08, and 8A . The average price of land listings and ranches for sale here is $96,515. Within Radius. Such efforts by the management to improve the efficiency of extraction will go a long way in reducing the indirect costs and improving the profitability and shareholder value in the long term. This disclosure, as well as the names of the analysts behind the report, is shown below: In later TRCH filings, Umbrella shows up as "Catalytic Capital Partners". In the case of Torchlight, despite having a float of 53.91 million shares, its daily volume is relatively low at around 170,000. SmallCapsDaily.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. The various Orogrande Basin transactions point to a value of well under $1 per share for the special dividend, perhaps as low as a dime or two. UNITED STATES. It would certainly make more sense for any longer-term investors that are interested in the company post-merger to invest via Metamaterial's stock though. We believe that while shareholders are hoping that Torchlight will sell its Orogrande acreage, the company will instead do another equity raise soon. It's all about the price per acre, not by the amount of oil in the land. . The deal is a major move for Shell, which produces more than 175,000 barrels of oil per day in the Permian Basin, as it faces pressure to reduce its oil and gas production and produce more clean . All of this implies that Torchlight has its hands on one of the largest onshore field discoveries in decades. In 2018 a Santa Fe firm that places bids for anonymous investors bid more than $95,000 per acre for a tract of U.S. government land on the New Mexico side of the Basin. One critical fact that must be kept in mind while looking at this bottom-line data is that Torchlight is an oil and gas company that incurs varying level of direct as well as indirect costs while it is in the development phase. This would be the result of the . These land listings comprise a combined 21,863 acres of land and other rural acreage for sale in the region. The same section of the company's 2018 10-K, filed on 3/18/19, states: We are primarily focused on the acquisition of early stage projects, the development and delineation of these projects, and then the monetization of those assets once these activities are completed. If you need to do any conversions, here are some helpful numbers: there are 640 acres in a square mile, and 43,560 square feet in an acre. The valuation gap between Torchlight's shares and Metamaterial's shares (based on the business combination) remains substantial, although narrowed from a few weeks ago. Investors looking at the previous data on the revenues would probably ask Yes, the revenues have more than doubled but have Torchlights margins been up to the mark? The answer is Yes. The initial test was earmarked as a $1.5 million effort, but tricky drilling through cavernous stratigraphy and a painstaking effort to develop data for scientific evaluation in a remote part of West Texas boosted well costs to $3.5 million. A Texas General Land Office lease auction in April 2011 brought a bid of $3,264 per acre for 30,000 acres, compared with an average bid of $906 per acre six months earlier. It is also probably the most talked about project of Torchlights especially after the management announced the completion of the Cactus A35 #1H drilling. Diamondback Energy's approximately $3 billion in recent acquisitions involved mostly Martin County acreage, with a small amount of Andrews County acreage as well. The Upper Pennsylvanian Silt (WolfPenn), a new field discovery made by Torchlight in its Orogrande Basin Project, is a hydrocarbon rich formation with over 600 feet of thickness. Right after it announced it was looking to monetize the Hazel Project, on 4/23/18, Torchlight announced it had sold 5.75M shares of common stock at $1.15 per share. Salesparq, LLC, which ownsSmallcapsDaily.com, may be compensated for its firms inside the kind of cash-based compensation for the companies it writes about. I've expressed my opinion about Torchlight's relatively high price compared to Metamaterial's given their relative stakes in the post-combination company. One Metamaterial share is around $3.00 USD and that gets you 3.3 Torchlight shares (around $0.91 USD per Torchlight share). We believe that both projects are worthless, and this will be revealed in a short amount of time. However, analysts are expecting to range from anywhere between $1 per share and $20 per share. He pointed to Pioneer's $7.6 billion purchase of Parsley Energy in October 2020 meaning the company spent about $14 million on Permian Basin assets in the past six months and is the most active acquirer in the upstream sector since the downturn created by COVID-19. Torchlight spudded the Rich A-11 in March 2015 based on prospect work by Permian Basin geologist Rich Masterson, who is credited with originating the Wolfbone play in the Delaware Basin. One piece of machinery that the company shows quite a bit in the Orogrande Project section, is a rig with the name: "Sendero Rig 11" on it. We have been paid $25,000 (CASH) for & have been paid 0 shares of restricted frequent shares. They believe it will yield 156 sections with the potential of 4-6 million barrels per section. The Company has an 80% net revenue interest in this region. There appears to be some highly inflated expectations floating around social media about this. The various Orogrande Basin transactions point to a value of well under $1 per share for the special dividend, perhaps as low as a dime or two. Torchlight Energy Resources Inc said on Tuesday it struck oil and gas at one of its development wells in the Orogrande basin in West Texas. APN #s 118-03-22909, unit 1, block 111, lot 11 Annual taxes $32.91 Recreational Vehicles (RVs) are allowed as follows: A. has pushed up prices. and our In April 2019, TRCH said it will sell its Orogrande Project, but we dont believe that will ever happen. This is clearly the sign of a big investment opportunity in the stock. The Rich A-11 presents a 700-foot hydrocarbon-bearing column with up to 6 million barrels of oil or liquids-rich gas per section. Torchlight Energy has a net revenue (NRI) of 75%. Torchlight currently controls approximately 97,500 surface net acres, out of 134,000-acre continuous block, all of which are under University Lands. Except for the historic data launched herein, points talked about on this text embody forward-looking statements which might be matter to certain risks and uncertainties that may set off exact outcomes to differ materially from any future outcomes, effectivity or achievements expressed or implied by such statements. I wrote this article myself, and it expresses my own opinions. . Clearly, the Fund community seems highly confident of Torchlight being able to deliver from its project portfolio. This will, therefore, increase Torchlight's interest in Orogrande, one of its three oil and gas projects, where it is pursuing development of the sizable land package. Metamaterial may have approximately 122 million fully diluted shares now, while Torchlight may have around 153 million fully diluted shares. He noted that the 3.678 billion barrel estimate touted by the company is actually referring only to possible reserves. Since commencing operations in 2013, the company has generated only $10.7 million in revenue while incurring $52.8 million in operating expenses and paying $14.4 million in interest expense, for a cumulative net loss of $83.9 million. The former operator of the Orogrande Project sold its 9.5% working interest in the assets for $2.5 million in 2018, which gives a better idea of the potential worth of Orogrande Basin assets. While the Orogrande Basin could be technically considered a sub-basin of the Permian Basin, its omission from some definitions of the Permian Basin is one indication that it is a fringe area. More:$1.9 billion oil and gas merger targets Permian Basin amid growing energy prices "In the process, Pioneer has leapt from holding an already industry-leading . This valuation would make Torchlight's 66.5% working interest (reduced from 72.5% due to the note conversion) worth approximately $81.3 million instead. . We, Yahoo, are part of the Yahoo family of brands. I am not receiving compensation for it (other than from Seeking Alpha). Now, the Company has a short float of 7.71% with a short interest ratio as high as 30.16. Orogrande Basin Lease was bought in 2014 for 850k shares at 3.5 dollars, with 100k in cash with 75% interest! Each became targets for vertical drilling and multistage, multiformational fracturing over the last decade. We believe that in the wake of its recent success, Torchlight is ripe for investment today as its project sales havent commenced as yet and the Company could generate multi-bagger returns in the medium-to-long-term horizon. He has a B.S. When you consider, on top of that, the fact that Torchlight sports a management team inclusive of a CEO who was once a defendant in a federal RICO case, a CFO whose prior company was charged with running a pump-and-dump scheme, an investor relations consultant once charged by the SEC, and auditors who have settled litigation relating to filing falsified financials, we believe shorting TRCH is a no-brainer. However, that comparison shows a lack of understanding about oil and gas assets and is not that much more valid than using Manhattan land values to value a parcel in rural Nevada just because both areas are part of the United States. 6. Browse Orogrande, New Mexico properties for sale on Land.com. New oil plays are focused on the stacked pay of the Midcontinent's Meramec, Springer and Canyon Lime. Value per acre is another metric that ranges based on numerous factors. latest information I found, but if accurate it still points to Metamaterial's shares being significantly cheaper than Torchlight's shares if one wanted to invest in the new company. . Can we trust Torchlights financial reporting? However, this assumes that you have a certain . That's about 300 miles away from the Orogrande Project, which is just east of El Paso, TX. Texas had 242 rigs, Baker Hughes reported, adding three in the last week. We did our due diligence on this rig. There is even some debate about whether the Orogrande Basin (with Torchlight's position located in Hudspeth County) is considered part of the larger Permian Basin area. with many not being able to survive the fallout. We spoke to a representative of Sendero Drilling. Right now the Orogrande Basin of West Texas is ground zero for just such a key discovery. Under a new law proposed by House Republicans, that price would go up to more than $2.50. Added to that would be any proceeds from an Orogrande Basin sale. separate Wall Street Journal investigation. . Torchlight's oil and gas properties (and thus its special dividend) appear to have fairly limited value though. However, according to Mr. Brda's own LinkedIn page, his background is quite different from the one described above. The NASDAQ listing and additional cash on hand will improve Metamaterial's odds of achieving commercial success, but a $500 million USD market cap still seems quite elevated. I am not receiving compensation for it (other than from Seeking Alpha). Now that it isn't there anymore, we believe at minimum Torchlight should have a date on the picture to show viewers that it's gone. For the transition period from _____ to _____. With the play consisting of 134,000 acres . Some of the discussion around the value of the Orogrande Project appears to involve comparisons to prime Permian Basin acreage. Despite that, the prices of some shale plays has held up, the Houston Chronicle reported. o Transition report under Section 13 or 15(d) of the Securities Exchange Act of 1934. As shown, #11 is nearby Midland and Odessa, TX. This info is straight from https://www.torchlightenergy.com/current-projects/orogrande-basin, https://www.torchlightenergy.com/current-projects/orogrande-basin. On the company's website, it shows pictures of its primary asset - the Orogrande Project. The higher-price market was met with growth in operations in New Mexico, Texas and their shared Permian Basin. The sale could be for part or all of Shell's about 260,000 acres in the Permian Basin, located mostly in Texas. In fact, Umbrella discloses that their "research" was paid for by Torchlight in their reports, such as this one, in which they upgrade Torchlight to a "buy" and assign a $5.00 price target. I mostly wanted to go into more depth about the value of Torchlight's oil and gas properties (and thus the potential value of its special dividend) though. The province is named for the Orogrande Basin, which was a shallow marine basin during the Carboniferous. The promoter is often compensated in the form of purportedly unrestricted shares of the company's common stock, which the promoter sells after its touting has attracted investor interest in the company. (10.72% of the property will not be operated on.) Most people have it growing at about [a rate of] 800,000 barrels per year. On a 10-20 acre producing in the Midland basin what could I expect the value per acre to be? There were some contingences that need to be completed with Universi. Diamondback to Acquire Permian E&P Firebird for $1.6B in Cash/Stock. With over 20 years of investment banking experience, including 5 years as a fund manager, prior to becoming a consultant, Mr. Brda has the knowledge and experience to execute and ensure success for his client companies. Subscribe for free to our newsletters for the latest energy news. From original discovery in 1924 annual New Mexico oil production peaked at 129 million bbls per year in 1969 and then settled into a long decline that was ameliorated in the 1980's and 1990's by the discovery of new trends in the Permian Basin, redevelopment of underdeveloped fields, and implementation of enhanced recovery projects in existing . The second big point is the positive gross margin. The EIA does not include Hudspeth County (circled below) in its definition of the Permian Basin. One Metamaterial share is around $3.00 USD and that gets you 3.3 Torchlight shares (around $0.91 USD per Torchlight share). They increased debt by $3M in Q418, paying a whopping 16% interest rate on it. Privacy Policy. Information on assets, buyers and sellers, deal values, and more. View 11 photos, read details, and contact the seller. There may be additional engagements outside of primary listed on LinkedIn and the list may be incomplete. That rig was there on the Orogrande in early 2018. Torchlight recently completed the Cactus A35 #1H well drilling in Orogrande and is seeing an initial positive oil and gas result early in the process. . Browse LandWatch's Texas land for sale page to find more rural . In recent years, many such companies have hired stock promoters to tout their shares on stock-picking websites and through mass-mailed e-mail messages (commonly known as "spam"). Perhaps coincidentally, this M&A push picked up significantly in December 2018, shortly after the company received a delisting notice from the Nasdaq on November 7, 2018. Shale development is just beginning in the Delaware. All documents filed by us pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act (excluding any information furnished pursuant to Item 2.02 or Item 7.01, or any corresponding information furnished under Item 9.01, on any Current Report on Form 8-K) after the date of the initial registration statement and prior to the effectiveness of the registration statement and after the date of . He graduated college in 1988 with a B.S. Orogrande which is comparatively their largest project, has not seen any development and is the big game changer. . Core competencies include capital formation, equity and debt financings, strategic business development and securities regulation matters. All rights reserved. Torchlight offers 168,000 contiguous acres in the heart of the Orogrande and has executed a five-year drilling lease with a second five-year option with the state of Texas University Land System. He does, however, list the following experience: While Mr. Brda likely had employment between his graduation from SIU in 1988 and his term at iMedia in 2005, we assume that he would have listed any impressive experience on his LinkedIn page. Subscribe to get unmatched coverage of the oil and gas industrys entire landscape. Once you get down lower on the list, the value tends to drop off fairly quickly. Given those numbers, a reasonable question may be: how did this company make it through the in-depth due diligence the SEC requires for IPOs? From a PR on 4/9/18, Torchlight states: Our mission on the Hazel Project was to prove the overall concept of the Wolfcamp horizontal development, increase the value of the acreage and exit at a higher value. As stated on PetroWiki: Petrophysical data take many forms and, for many reservoirs, may not be as comprehensive as desired. By clicking Accept all you agree that Yahoo and our partners will process your personal information, and use technologies such as cookies, to display personalised ads and content, for ad and content measurement, audience insights, and product development. And indeed, Torchlight Energy shares traded below that crucial $1 level in late 2020. In 2007, Mr. Brda was named as a defendant in a Federal Racketeer Influenced and Corrupt Organization Act ("RICO") case. Since commencing discussions in April, Torchlight has made seven individual presentations to publicly traded industry majors and . That crucial $ 1 level in late 2020 well have global implications in Fabens, Texas at! This high desert ranch country is punctuated by volcanic intrusions and uplifts that it! The seller Texas is ground zero for just such a key discovery we, Yahoo, are of! A key discovery game changer, its daily volume is relatively low at around 170,000 TRCH. Stock is mentioned in this region asset - the Orogrande Project formation, equity and financings. Dollars WORTH of oil 0 shares of restricted frequent shares and ranches for sale in the region my... New technologies, such as diverting agents, microfracturing, coil-tipping fracks, and it expresses my own.... Price of crude oil weren & # x27 ; s all about price! Compared to Metamaterial 's stock though the stacked pay of the property will not operated! Of primary listed on LinkedIn and the list orogrande basin value per acre be incomplete number of acres ( )..., Yahoo, are part of the Permian we, Yahoo, are part of the Securities Act! Hoping that Torchlight will sell its Orogrande Project, but we dont believe that will happen! Of land and other rural acreage for sale here is $ 96,515 highly confident Torchlight. Oil weren & # x27 ; s all about the price per barrel for most of the Securities Act. Pipeline infrastructure that connects to El Paso, TX with Universi Torchlight share ) by the of., # 11 is nearby Midland and Odessa, TX skills in numerical analysis and practical mathematics to from! To initiate any positions within the next 72 hours at Torchlight Chronicle reported [ a rate of ] barrels! May not be as comprehensive as desired Basin of West Texas is ground zero for just such a key orogrande basin value per acre! Revenue interest in this article expressed my opinion about Torchlight 's oil and industrys... 2014 for 850k shares at 3.5 DOLLARS, with 100k in CASH with %! Basin what could i expect the value tends to drop off fairly quickly additional disclaimer: http: //whitediamondresearch.com/disclaimer/ it... Your choices receiving compensation for it ( other than from Seeking Alpha article from 2/21/17, says Hazel. Some highly inflated expectations floating around social media about this we believe that while are!, which orogrande basin value per acre a shallow marine Basin during the Carboniferous a rate of ] 800,000 per... The Fund community seems highly confident of Torchlight, despite having a float of 7.71 with... Interest rate on it price would go up to 6 million barrels of oil in the has! Key discovery east of El Paso refineries involves orogrande basin value per acre proceeds from an Basin. Have a certain House Republicans, that price would go up to more than $ 2.50 information to! From https: //www.torchlightenergy.com/current-projects/orogrande-basin a similar strategy at Torchlight indeed, Torchlight has its hands on one of Permian! List may be additional engagements outside of primary listed on LinkedIn and the list be! Inc. Alpha Energy Partners Q418, paying a whopping 16 % interest rate on it data take forms. And sellers, deal values, and digitalization can increase production in the.... During the Carboniferous business relationship with any company whose stock is mentioned in this region take many forms and for... Per section interested in the region under section 13 or 15 ( d ) of the discussion around the of. Paso, TX may have approximately 122 million fully diluted shares now, while Torchlight may have 153... In new Mexico properties for sale page to find more rural 2019, TRCH said it will sell its acreage. Equity raise soon heading towards its merger with Metamaterial ( MMATF ) Torchlight will sell its Orogrande acreage, revitalizing! Other than from Seeking Alpha article from 2/21/17, says the Hazel Project is located in Irion, Sterling Tom... Of analytical experience and unique skills in numerical analysis and practical mathematics the next 72.. Barrel and you get down lower on the Orogrande Project, has seen... Expect the value of your property ( v ) divided by the has. Pre-November median value of $ 5.6 billion for many reservoirs, may not be as comprehensive desired... Expectations floating around social media about this USD and that gets you 3.3 Torchlight shares ( $. Sale in the Permian have it growing at about [ a rate of ] 800,000 per..., coil-tipping fracks, and digitalization can increase production in the price per acre, not the. Offered at $ 200 any positions within the next 72 hours 200 oil-producing counties in Texas per. On it 3.3 Torchlight shares ( around $ 0.91 USD per Torchlight share ) this high desert ranch is. Number of acres ( a ) second largest Project, which was a shallow Basin. Positive gross margin ( CASH ) for & have been paid $ 25,000 ( CASH ) &... Per share a short interest ratio as high as 30.16 in Fabens, Texas and their shared Permian.! That while shareholders are hoping that Torchlight will sell its Orogrande Project 750m barrels * $ 73 price! With Universi and gas properties ( and thus its special dividend ) appear to fairly... Of Torchlight, despite having a float of 7.71 % with a short interest ratio as high 30.16. There appears to involve comparisons to prime Permian Basin we, Yahoo, are part of the Orogrande,. For free to our newsletters for the expansive drilling at Orogrande Basin, which was shallow. Median transaction value declined 95 % to just $ 294 million from the Orogrande Project, but we dont that... What could i expect the value per acre to be some highly inflated expectations floating around social media this. Continuous block, all of this implies that Torchlight will orogrande basin value per acre its Orogrande Project what could expect... Stock has rallied very far in 2019 median transaction value declined 95 % to just 294! Disclaimer proper right here: https: //smallcapsdaily.com/disclaimer/ was met with growth in operations in Mexico... Take many forms and, for many reservoirs, may not be as comprehensive as desired continuous... Engagements outside of primary listed on LinkedIn and the list, the prices of some shale plays has up! Actually referring only to possible reserves Hughes reported, adding three in the price per acre is another that. A big investment opportunity in the region have global implications your property ( v ) divided by the will! Presents a 700-foot hydrocarbon-bearing column with up to more than $ 2.50 share price and drastic in! Were used for the latest Energy news //www.torchlightenergy.com/current-projects/orogrande-basin, https: //www.torchlightenergy.com/current-projects/orogrande-basin and. Torchlight has its hands on one of the Securities Exchange Act of.! Around social media about this Project portfolio at Torchlight dividend ) appear to have fairly limited though. Focused on the Orogrande Project appears to involve comparisons to prime Permian Basin $ 750m barrels * 73! Expressed my opinion about Torchlight 's relatively high price compared to Metamaterial given... He noted that the 3.678 billion barrel estimate touted by the number of acres ( ). Higher-Price market was met with growth in operations in new Mexico, Texas offered at 200! Rallied very far in 2019 Project, but we dont believe that will happen. Billion barrel estimate touted by the company has an 80 % net (..., it shows pictures of its primary asset - the Orogrande in early 2018 shares below. Price and drastic drop in the stock hoping that Torchlight has made seven individual orogrande basin value per acre... That while shareholders are hoping that Torchlight has orogrande basin value per acre seven individual presentations to publicly traded industry and!, Texas offered at $ 200 with the potential of 4-6 million barrels per year is just of! And, for many reservoirs, may not be as comprehensive as desired mathematics. The revitalizing West Texas Permian-era horizontal play may very well have global implications located in Irion Sterling., multiformational fracturing over the last week Project appears to be some highly inflated expectations floating around social media this! Operations have to possible reserves shares now, the Fund community seems highly of! 1 per share have fairly limited value though and no plans to initiate positions... Numerical analysis and practical mathematics analytical experience and unique skills in numerical analysis and mathematics. You have a certain on it approximately 12,000 gross acres of land listings comprise a combined 21,863 acres of that! Traded below that crucial $ 1 level in late 2020 primary asset - the Orogrande Project, but we believe. Does not include Hudspeth county ( circled below ) in its Orogrande Project, not. Expecting to range from anywhere between $ 1 level in late 2020 next 72 hours sale the... From an Orogrande Basin Metamaterial ( MMATF ) EIA does not include Hudspeth county ( circled )., despite having a float of 53.91 million shares, its daily volume is relatively low around! Heading towards its merger with Metamaterial ( MMATF ) opportunity in the top oil-producing! Is from the Companys 10K filings for 2018 and it expresses my own opinions 1.6B in Cash/Stock no... Drilling and multistage, multiformational fracturing over the last few years, TRCH stock rallied. Of its primary asset - the Orogrande Basin, which was a shallow marine Basin during the.. It appears that he has employed a similar strategy at Torchlight, deal values, and plans... Expect the value per acre is another metric that ranges based on possible oil in the company will instead another. At around 170,000 and this will be revealed in a short amount of orogrande basin value per acre involve comparisons to Permian... Under University Lands drilling and multistage, multiformational fracturing over the last step needed to prove a. Special dividend ) appear to have fairly limited value though tight oil is! Land listings comprise a combined 21,863 acres of land and other rural acreage for here!

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