Recently, Bayshore Operating, Torchlight's operator and working interest partner, hired Mercer Drilling to perform work on the Johnson #1. While doing the work, Mercer, through their negligence, damaged the well bore such that it is in need of major repair before it can be brought back on line. It is our collective stance that Mercer needs to bring the well bore back to its original state at their cost, such that it can be produced on a daily basis.
Bayshore, on behalf of Torchlight and themselves, have hired Marvin Pipkin of Pipken & Oliver, LLP in San Antonio, TX to handle the settlement talks with Mercer and if necessary, any litigation that may be required.
You can view more information on the company's website at http://torchlightenergy.com.
Torchlight issues update on the Johnson #1 Well