The Securites and Exchange Commission (SEC) is now investigating Meta Materials (NASDAQ: MMAT) former CEO John Brda (Torchlight) and current CEO George Palikaras according to a new filing.
GameStop raises $1.Market News Daily – SEC is Now Investigating Meta Materials Former and Current CEOs. Today on Wall Street: We shall not be ruled by inflation fearsĪlfi : shares more than double, other 'meme stocks' mixed Nasdaq hovers near record levels as factory activity scales new peak Torchlight Energy Resources : Slumps on Second Day Following Monday's SurgeĪlfi shares tumble from record, 'meme stock' Torchlight also sinks Insider Trends: Insider at Torchlight Energy Resources Converts Options in Mist of 90-Day Buying Trend Meta Materials Inc.(NasdaqCM:TRCH) dropped from NASDAQ Composite Index Torchlight Energy Resources : Expects Metamaterial Deal to Take Effect June 28, Issues Special Dividend, Conducts 1-for-2 Reverse Stock Split from Tom Welch and others in a reverse merger transaction. completed the acquisition of Torchlight Energy Resources, Inc. Sector Update: Energy Stocks Decline Premarket Monday Shares of Meta Material, formerly Torchlight, reverse to trade down 20% The additional scientific data produced by these new wells will be added to the volume of materials currently being utilized by Torchlight in ongoing marketing efforts. Once the Company completes drilling the Founders A25 #2, it will frac the Cactus A35 #1H and begin completion testing on the A25 #2 simultaneously. The new wellbores will meet current annual drilling commitments required under the Drilling and Development Agreement with University Lands. The Founders A25 #2 is positioned on one of several verified 2D structural highs defined on Torchlight Acreage. Additional evaluation will be conducted on the unconventional potential within the Helms, Barnett, and Woodford. This well is designed to be a vertical test to the basement rock and should encounter all previously identified prospective hydrocarbon sections including: the Strawn, Atoka, Devonian, Fusselman, Montoya, and Bliss Sandstone. Additionally, Torchlight is currently drilling the Founders A25 #2 well. The lateral was successfully drilled into the Penn Section and Torchlight is currently engineering the completion, which will be extensible to that employed on the A25 1H that produced high quantities of gas.
The approach was selected to stimulate the entire dual porosity system and provide productive potential for both oil and gas present in the petrophysical analysis. The original casing set by Trail Mountain was an appropriate size for Torchlight to re-enter, cut a window and drill directionally into the proven Penn Section that the Company announced as a New Field Discovery earlier this year. The Cactus A35 1H well was drilled horizontally, extending from the vertical test well formerly drilled by Trail Mountain, which was targeting deeper pay zones. announced that in concert with ongoing efforts to identify, provide scientific data and enter an agreement with potential suitors for development of the sizable Orogrande Basin Project development, the Company has completed the drilling of the Cactus A35 1H lateral with partner Maverick Operating and is underway on drilling a new vertical test well, the Founders A25 #2.
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