January 7, 2019

QEP Resources Confirms Receipt of Proposal from Elliott

DENVER , Jan. 07, 2019 (GLOBE NEWSWIRE) — QEP Resources, Inc.(NYSE: QEP) (“QEP” or the “Company”) today confirmed that it has received a preliminary proposal from Elliott Management Corp. (“Elliott”) to acquire the Company for $8.75 per share in cash, subject to certain conditions including, among others, satisfactory completion of due diligence and negotiation of definitive documentation. The Company’s Board of Directors intends to review Elliott’s proposal and will carefully consider the

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PLANO, Texas, Jan. 07, 2019 (GLOBE NEWSWIRE) — Torchlight Energy Resources, Inc. (TRCH) (“Torchlight” or the “Company”), today announced that the Company has initiated the drilling phase of the University Maverick A24 #1 well in its Orogrande Basin drilling program with operator Maverick Operating and drilling partner Wolfbone Properties. The A24 #1 will be drilled to vertically test the “structural high” theory of Project Geologist Rich Masterson.  The estimated depth of the well