FORM 8-K Current Report

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of Report (Date of Earliest event Reported): February 16, 2012

 

Torchlight Energy Resources, Inc.

(Exact name of registrant as specified in its charter)

 

Nevada

  

000-53473

  

74-3237581

(State or other jurisdiction of

incorporation or organization)

  

(Commission File Number)

  

(IRS Employer Identification No.)


2007 Enterprise Avenue

League City, Texas 77573

(Address of principal executive offices)


Telephone – (281) 538-5938

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

      .       Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

      .       Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)

 

      .       Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))

 

      .       Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))



Item 8.01 Other Events.


On February 16, 2012, we filed a lawsuit against Hockley Energy, Inc. and Frank O. Snortheim in the District Court of Harris County, Texas.  The lawsuit is in connection with farmout agreements we entered into with Hockley Energy in November 2011 for the Marcelina Creek prospect and the East Stockdale prospect.  We allege that Hockley Energy did not perform its obligations under the agreements, which obligations included providing the agreed upon funding, and we seek damages against both Hockley and Mr. Snortheim (who is a shareholder of Hockley Energy) for breach of contract, fraudulent inducement and promissory estoppel.  The defendants have not yet filed an answer to our original petition.   



SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.



  

Torchlight Energy Resources, Inc.

  

  

Date:  February 17, 2012

By: /s/ Thomas Lapinski

  

Thomas Lapinski

  

Chief Executive Officer




2