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Torchlight Energy Resources, Inc. Announces Board Expansion

March 3, 2011

HOUSTON, March 3, 2011 /PRNewswire/ — Torchlight Energy Resources, Inc. (OTC Bulletin Board: TRCH) has announced that effective March 3, 2011, Mr. Greg Williams has been added to the Board.

Mr. Williams has extensive experience in the oil and gas industry. A brief excerpt of his Bio follows.

  • Gregory P. Williams is presently the Chief Financial Officer for Oxane Materials, Inc. in Houston, Texas. Oxane is a start-up company in the Oil & Gas E&P industry making high strength, light weight proppant used in hydraulic fracturing.
  • Mr. Williams retired in 2009 from Ineos/Innovene/bp/Amoco after 32 years of financial management experience. Mr. Williams has over 10 years of Petrochemicals experience as the former CFO for Ineos Olefins & Polymers North America including financial stewardship and corporate governance for all Ineos North American businesses and as the bp Chemicals Segment North American Controller.
  • He has 22 years of exploration and production experience both in the US and internationally including expatriate assignments in Africa and South America.
  • Mr. Williams has a BBA in Finance from Sam Houston State University and an MIM from the American Graduate School of International Management (Thunderbird), in Phoenix, Arizona.

“Adding Greg Williams to our board is a very important and positive step for our company. He brings a tremendous depth and knowledge in the oil and gas industry and in particular accounting and SEC matters,” stated Tom Lapinski, CEO. “This is the first step in expanding our Board and we are in the process of identifying candidates to fill three more positions to round out the Board to five members.”

You can view more information on the company’s website at www.torchlightenergy.com.

FORWARD-LOOKING STATEMENTS

The 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.


Source: newswire



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