HOUSTON, Dec. 14, 2012 /PRNewswire/ -- Torchlight Energy Resources, Inc. (OTCBB: TRCH), an independent oil and gas company headquartered in Houston, Texas is pleased to announce that Umbrella Research has initiated coverage on Torchlight Energy. The full report is posted on the Company web site at http://www.torchlightenergy.com/company/research-reports or it can be accessed by clicking on the link ( http://umbresearch.com/Research_Reports.html)
You can view more information on the company's website at www.torchlightenergy.com
ABOUT TORCHLIGHT ENERGYTorchlight Energy Resources, Inc, headquartered in Houston, TX, is positioned as an oil and gas company with a primary focus on oil. Torchlight will focus on highly probable and profitable drilling and working interest programs that have a short payback period, high IRR and proven reserves and are located in domestic, onshore fields.With a proven management team and tremendous access to pre-market deal flow, the Company is positioned for tremendous near-term growth for our shareholders. Torchlight will identify drilling opportunities with a high probability of success, purchase working interest ownership in proven field development programs, spread the risk associated with drilling programs by entering into a variety of programs in different fields with differing economics but all with reputable operators and hedging production when possible for predictable cash flows. ABOUT UMBRELLA RESEARCHUmbrella Research LLC was created to fill a growing information vacuum in the equity universe as diminishing investment banking prospects have resulted in the underinvestment of traditional sell side research support for small cap and emerging growth companies. Umbrella Research is a research and advisory platform focused on lesser known companies where its research, whitepapers and investor outreach can create greater incremental value to both the subject companies and investors. All of Umbrella's publishing analysts have significant sector focused experience in traditional sell side models. Its in-depth, fundamental research is designed to educate and inform investors with an emphasis on factual data and tangible performance metrics. The research is available to investors through Umbrella's proprietary distribution list as well as on the company's website at www.UMBresearch.com. Umbrella's advisory services include analysis of potential growth funding mechanisms, creation of marketing materials and presentations, investor pitch, preparation for Q&A, introduction to placement agents and funding sources, assistance drafting legal docs required for financing...etc. FORWARD LOOKING STATEMENTSThe 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.