Torchlight Announces Completion of Hydraulic Fracturing in the Hazel Project

(NASDAQ:) ("Torchlight" or the "Company"), today reported that the operator of its Hazel Project has completed hydraulic fracturing operations. The stimulation went according to plan with the targeted frac delivered at approximately 3,200 lbs. per foot and an 80 barrels per minute water rate consisting of 37 stages. A total of 592,000 barrels of water and 24,000,000 lbs. of sand were used in the stimulation. Flowback is scheduled to commence next week.