Torchlight Energy $TRCH
COMPANY SUMMARY
Torchlight Energy Resources Inc. is headquartered in Houston, TX. The company is positioned as a junior oil and gas player with a primary spotlight in oil. Torchlight will focus on highly probable and profitable drilling and working interest programs that have a short window of payback, a high IRR, and bookable reserves, and are US based.
MANAGEMENT
CEO – Tom Lapinski Has been an outstanding manager in the oil and gas industry during his 44 year career with a portfolio of qualifications. He has been recognized not only for his superior corporate leadership which is manifest in confidence, perseverance and in creating a vision that promoted success, but in his technical and analytical skills as well. Following graduation from the Colorado School of Mines with a Professional Engineers Degree in Geophysical Engineering, he joined Amoco Production Company in Denver, Colorado and spent the next 30 years rising through its ranks. His career has been split nearly in half between domestic and international programs as well as corporate strategic planning.
Director – Wayne Turner is presently the Managing Partner of, JEBCO Seismic, LP, a position he has held since 1989, and is the Managing Partner of Big Thicket Oil & Gas, L.P., a position he has held since 2001. Mr. Turner took over management of JEBCO in 1989, when he bought into the company. JEBCO is a fully independent international geophysical data acquisition contractor. Jebco’s non-exclusive surveys and third party datasets represent a unique and readily available source of information for both mature and frontier regions. 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.
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