On Tuesday, Shares of Torchlight Energy Resources Inc (NASDAQ:TRCH), gained 8.29% to $2.09.
Torchlight Energy Resources, declared that the Company has reached a farm-out agreement with PetroBridge Energy for the Johnson #4 well in its Marcelina Creek Project in Wilson County, TX. The Johnson #4 well is a vertical well producing ~10 Bop/d from the Buda Formation. According to the agreement Torchlight will farm-out a 25% Working Interest in this wellbore in exchange for the cost of drilling and completion for two lateral legs targeting the Austin Chalk formation. The drilling of the new dual horizontal legs is planned to commence in the fourth quarter 2015.
“We are very excited about this agreement with PetroBridge and the continued development of our Marcelina Creek assets,” stated Will McAndrew III, COO of Torchlight. “We believe they are the right partner to join us in developing the Austin Chalk potential here which will further unlock value across our asset base. The Johnson #1, also on this lease had a stated initial production of 438 Bop/d from one lateral leg accomplished in the Austin Chalk and is still producing ~50 Bop/d three years later. The Johnson #1 horizontal section is 2000 feet where the Johnson #4 re-entry will provide for two horizontal legs up to 2400 feet each, providing us with what we expect will be a greatly raised target for completion. This most recent agreement is another example of our ability to extract value from our assets while eliminating Torchlight’s Capex requirements.”
Torchlight Energy Resources, Inc. engages in the acquisition, exploration, exploitation, and/or development of oil and natural gas properties in the United States. As of December 31, 2014 it had interests in six oil and gas projects, counting the Marcelina Creek Field Development in Wilson County, Texas; the Coulter Field in Waller County, Texas; the Smokey Hills Prospect in McPherson County, Kansas; the Ring Energy Joint Venture in Southwest Kansas; the Hunton play in Central Oklahoma; and the Orogrande project in Hudspeth County, Texas.
Shares of Logitech International SA (USA) (NASDAQ:LOGI), declined -0.50% to $14.04, during its last trading session.
Logitech International declared, at its annual general meeting, that the Company’s shareholders approved a dividend of about CHF 0.51 per share1, nearly double that of the preceding year, following a year of strong cash generation.
Logitech also offered Daniel Borel, Logitech co-founder, the role of Chairman Emeritus of the Company’s board of directors – a title he accepted. The position is honorary, without voting rights. It means that Daniel Borel will continue to interact with the board in addition to the numerous other roles he plays.
Additionally, at the meeting, Logitech’s shareholders elected to the board of directors Sue Gove, Lung Yeh and Edouard Bugnion. All other incumbent members of the board who stood for re-election were re-elected, and all other proposals at the AGM were approved.
Logitech International S.A., through its auxiliaries, develops and markets hardware and software products that enable or enhance digital navigation, music and video entertainment, gaming, social networking, and audio and video communication over the Internet and home-entertainment control worldwide.
At the end of Tuesday’s trade, Shares of Alon USA Energy, Inc. (NYSE:ALJ), gained 1.92% to $17.52.
Alon USA Energy, declared that its administration attended one-on-one meetings with institutional investors at the 2015 Barclays CEO Energy-Power Conference, held on September 8-10, 2015 in New York City. All one-on-one meetings with administration held on Thursday, September 10, 2015.
Alon USA Energy, Inc. engages in refining and marketing petroleum products, primarily in the South Central, Southwestern, and Western regions of the United States. It operates in three segments: Refining and Marketing, Asphalt, and Retail.
Finally, Vishay Intertechnology (NYSE:VSH), ended its last trade with 3.57% gain, and closed at $10.15.
Vishay Intertechnology, introduced the first three devices in its new VOR family of hybrid solid-state relays designed to deliver high reliability and noiseless switching for telecommunications, industrial, security system, and metering applications. As replacements for traditional mechanical relays with lower reliability and shorter lifetimes, the new Vishay Semiconductors 1 Form A VOR1142A6, VOR1142B6, and VOR1142M4 provide high input-to-output isolation, current limit protection, and low power consumption.
The relays released are normally open single-pole, single-throw (SPST) switches. Allowing for simple customization, the devices feature a modular construction compriseing of a GaAIAs (gallium aluminum arsenide) IRED actuation control and MOSFETs for the switch output.
The single-channel relays are offered in DIP-6 (VOR1142A6), SMD-6 (VOR1142B6), and SOP-4 (VOR1142M4) packages. Devices in the SMD-6 and DIP-6 packages offer a high isolation test voltage of 5300 V/1 min, while devices in the smaller SOP-4 offer an isolation test voltage of 3750 V/1 min. All relays offer low typical on-resistance of 22 Ω, high load current of 140 mA, load voltage of 400 V, and very low turn-on current of 0.25 mA typical. The devices are VDE-and UL-certified to meet reinforced insulation requirements for most applications.
Vishay Intertechnology, Inc. manufactures and supplies discrete semiconductors and passive components in the United States, Europe, and Asia. The company operates in five segments: MOSFETs, Diodes, Optoelectronic Components, Resistors & Inductors, and Capacitors.
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