Torchlight Energy, the operator of the Smokey Hills project, successfully spud the first well in this joint project. The well is slated to be drilled to a target depth of 3,500 feet. The Company expects to drill an initial 10 well test project and upon successful results, an additional 15 to 20 wells in the 18,000 acre area during the third and fourth quarter of 2014.
"We are very excited to get underway on our first well in the Smokey Hills project," stated Will McAndrew, Torchlight's COO. "
This marks another milestone for Torchlight as we step into the role of operator for the first time as a Company and continue in our partnership with Husky.