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Torchlight Energy Announces Board Member Changes

11/02/2019

Torchlight Energy Resources, Inc. has announced the addition of an independent member to its Board of Directors, Mr. Robert Lance Cook. Additionally, Mr. R. David Newton will be stepping down from his position on Torchlight’s Board for personal reasons. With this change Torchlight will have five directors including three independent members.

Mr. Robert Lance Cook has more than 40 years of experience in the oil and gas industry where he held senior positions with Shell Oil as a Wells Engineer. Mr. Cook retired from Shell in 2016 after 36 years of service. He most recently held position as Chief Scientist for Wells and Production Technology. Cook helped conceive and develop the Sirius Well Manufacturing System (SWMS) JV; a Joint Venture company between Shell and China National Petroleum Company that builds specialized oilfield equipment for large scale development programs such as a 500 well Canadian development where well costs were halved compared to their previous conventional costs. Cook’s role as Chief Scientist at Shell involved advising the Senior Executives on technical issues and working with leading internal and external scientists to help Shell stay at the forefront of energy technology innovation.

“We would like to welcome to Mr. Cook to the Board of Directors of Torchlight,” stated John Brda, CEO of the Company. “His level of expertise is unparalleled in the oil and gas industry and it has been a pleasure to work with him as a consulting service provider on our Orogrande Project. His intimate familiarity with our undertaking coupled with his vast experience will be profoundly impactful to the development of our assets and the process now underway to identify the best suitors or partners for our projects.”

“We also wish to extend our heartfelt thanks to David Newton for his years of service to Torchlight and our shareholders. His insight has been impactful to every significant decision we have made, and it has been a pleasure to get to know and work with him. Our gratitude goes with Dave as he shifts his focuses, his input to us will be greatly missed.”

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