This business process only begins after the management approval of an investment and incorporates well site supervision, construction, drilling, logging, product marketing and transportation. Building a network of advisors is key to the pipeline of high quality opportunities as many attractive investment opportunities could be presented from outside companies as well as from the large informal community of geoscientists and engineers. If management decides to invest in a project and take it to development, only then will additional staff with very specific responsibilities be hired, which should help to keep fixed costs down. This is where the company’s experienced management team can add the most value as they will be in charge of investment evaluation while expert or specific technical support will be outsourced as needed. Broadly, this process incorporates prospect acquisition, regional and local geological and geophysical evaluations, data processing, economic analysis, lease acquisition and negotiations, permitting and field supervision. This is the first and primary step in the company’s operations as recognition of quality investment opportunities is key to Torchlight’s growth and profitability. Each one of these business process offers the company an opportunity to seek a distinct partner or alliance as the company grows and expands its operations. There are three primary business processes that the company adheres to including Investment Evaluation and Review, Operations and Field Activities and Administrative and Finance Management. With a proven management team and tremendous access to pre-market deal flow, Torchlight Energy, will be poised for tremendous growth and consequently, tremendous public company multiples and valuation for our investors. Torchlight is focused on highly probable and profitable drilling and working interest programs that have a short window of payback, a high IRR, proven and bookable reserves, and are US based. is headquartered in Plano, Texas and is positioned as a junior oil and gas player with a primary spotlight on oil.
The company currently holds interests in Texas where their targets are established plays such as the Permian Basin and the Eagle Ford Shale. (NASDAQ: TRCH), based in Plano, Texas, is a high growth oil and gas Exploration and Production (E&P) company with a primary focus on acquisition and development of highly profitable domestic oil fields.
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