Orogrande Basin

Hudspeth County, TX

  • Torchlight owns 72.5% working interest in full ~134,000 net acre unit
  • Targeting 1300’ of primary pay – described as WolfPenn
  • Additional unconventional pay in the Barnett and Woodford
  • Conventional pay identified on approx. 20,000 acres using 2D, Gravity, Magnetics and well control
  • Primary Unconventional Pay zone is Pennsylvanian at 5200-6100
  • Stacked conventional pay in the Strawn, Atoka, Devonian, Bliss and 3 other potentials
  • Pay zone depths – 4000’ to as deep as 8000’
  • Oil and high BTU gas – 80/20 mix expected
  • Basin formed at the same time as Delaware and Midland basins
  • Lease covers majority of the basin in Texas
  • Single Drilling and Development Unit Agreement on University Lands holds entire Block
  • If 100,000 acres prove prospective - project would yield 156 Sections
  • Based on analogous Midland Basin EUR’s – potential EUR’s of 4 to 6 million barrels per section
  • Recent horizontal well results provide scientific data confirming system is slightly over-pressured (.64 pressure gradient compared to normally pressured Midland Basin assets)
  • Well known Permian Basin expert Geologist, Rich Masterson originated the Wolfbone Play and developed thesis for the Orogrande Basin (WolfPenn)