SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* DULIN ROBERT KENNETH (Last) (First) (Middle) 8449 GREENWOOD DRIVE (Street) NIWOT CO 80503 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 11/08/2012	3. Issuer Name and Ticker or Trading Symbol TORCHLIGHT ENERGY RESOURCES INC [ TRCH ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
COMMON STOCK	50,000	D
COMMON STOCK	459,157	I	SEE FOOTNOTE(1)
COMMON STOCK	40,000	I	SEE FOOTNOTE(2)
COMMON STOCK	41,667	I	SEE FOOTNOTE(3)
COMMON STOCK	199,200	I	SEE FOOTNOTE(4)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
WARRANTS	03/28/2011	06/30/2014	COMMON STOCK	27,000	$5	I	SEE FOOTNOTE(5)
WARRANTS	03/28/2011	06/30/2014	COMMON STOCK	10,000	$5	I	SEE FOOTNOTE(6)
WARRANTS	05/31/2011	06/30/2014	COMMON STOCK	15,000	$5	I	SEE FOOTNOTE(7)
WARRANTS	03/26/2012	03/26/2015	COMMON STOCK	67,500	$1.75	I	SEE FOOTNOTE(8)
WARRANTS	03/26/2012	03/26/2015	COMMON STOCK	25,000	$1.75	I	SEE FOOTNOTE(9)
CONVERTIBLE PROMISSORY NOTE	08/26/2012	06/30/2013	COMMON STOCK	38,571	$1.75	I	SEE FOOTNOTE(10)
CONVERTIBLE PROMISSORY NOTE	08/26/2012	06/30/2013	COMMON STOCK	14,286	$1.75	I	SEE FOOTNOTE(11)
WARRANTS	11/08/2012	11/08/2015	COMMON STOCK	81,000	$1.75	I	SEE FOOTNOTE(12)
WARRANTS	11/08/2012	11/08/2015	COMMON STOCK	8,333	$1.75	I	SEE FOOTNOTE(13)
WARRANTS	11/08/2012	11/08/2015	COMMON STOCK	30,000	$1.75	I	SEE FOOTNOTE(14)

Explanation of Responses:

1. Mr. Dulin is the Managing Partner of Sawtooth Properties, LLLP ("Sawtooth") and holds a 90% indirect pecuniary interest in Sawtooth. Sawtooth owns 510,174 shares of common stock, and accordingly, Mr. Dulin holds an indirect pecuniary interest in 459,157 shares.

2. Mr. Dulin is the Managing Member of a limited liability company ("LLC1") and holds a 1/3 indirect pecuniary interest in LLC1. LLC1 owns 120,000 shares of common stock, and accordingly, Mr. Dulin holds an indirect pecuniary interest in 40,000 shares.

3. Mr. Dulin is the Managing Partner of a limited liability limited partnership ("LLLP2") and holds a 1/3 indirect pecuniary interest in LLLP2. LLLP2 owns 125,000 shares of common stock, and accordingly, Mr. Dulin holds an indirect pecuniary interest in 41,667 shares.

4. Mr. Dulin is the trustee or custodian of certain trust/custodial accounts. All the beneficiaries of these accounts are members of Mr. Dulin's immediate family. Accordingly, the pecuniary interest of these immediate family members is attributed to Mr. Dulin.

5. Mr. Dulin is the Managing Partner of Sawtooth Properties, LLLP ("Sawtooth") and holds a 90% indirect pecuniary interest in Sawtooth. Sawtooth owns 30,000 warrants to purchase common stock, and accordingly, Mr. Dulin holds an indirect pecuniary interest in 27,000 warrants.

6. Mr. Dulin is the Managing Partner of a limited liability limited partnership ("LLLP2") and holds a 1/3 indirect pecuniary interest in LLLP2. LLLP2 owns 30,000 warrants to purchase common stock, and accordingly, Mr. Dulin holds an indirect pecuniary interest in 10,000 warrants.

7. Mr. Dulin is the Managing Member of a limited liability company ("LLC1") and holds a 1/3 indirect pecuniary interest in LLC1. LLC1 owns 45,000 warrants to purchase common stock, and accordingly, Mr. Dulin holds an indirect pecuniary interest in 15,000 warrants.

8. Mr. Dulin is the Managing Partner of Sawtooth Properties, LLLP ("Sawtooth") and holds a 90% indirect pecuniary interest in Sawtooth. Sawtooth owns 75,000 warrants to purchase common stock, and accordingly, Mr. Dulin holds an indirect pecuniary interest in 67,500 warrants.

9. Mr. Dulin is the Managing Member of a limited liability company ("LLC1") and holds a 1/3 indirect pecuniary interest in LLC1. LLC1 owns 75,000 warrants to purchase common stock, and accordingly, Mr. Dulin holds an indirect pecuniary interest in 25,000 warrants.

10. Mr. Dulin is the Managing Partner of Sawtooth Properties, LLLP ("Sawtooth") and holds a 90% indirect pecuniary interest in Sawtooth. Sawtooth owns a convertible promissory note with a principal amount of $75,000 that is convertible into 42,857 shares of common stock, and accordingly, Mr. Dulin holds an indirect pecuniary interest in 38,571 of those shares.

11. Mr. Dulin is the Managing Member of a limited liability company ("LLC1") and holds a 1/3 indirect pecuniary interest in LLC1. LLC1 owns a convertible promissory note with a principal amount of $75,000 that is convertible into 42,857 shares of common stock, and accordingly, Mr. Dulin holds an indirect pecuniary interest in 14,286 of those shares.

12. Mr. Dulin is the Managing Partner of Sawtooth Properties, LLLP ("Sawtooth") and holds a 90% indirect pecuniary interest in Sawtooth. Sawtooth owns 90,000 warrants to purchase common stock, and accordingly, Mr. Dulin holds an indirect pecuniary interest in 81,000 warrants.

13. Mr. Dulin is the Managing Partner of a limited liability limited partnership ("LLLP2") and holds a 1/3 indirect pecuniary interest in LLLP2. LLLP2 owns 25,000 warrants to purchase common stock, and accordingly, Mr. Dulin holds an indirect pecuniary interest in 8,333 warrants.

14. Mr. Dulin is the Managing Member of a limited liability company ("LLC1") and holds a 1/3 indirect pecuniary interest in LLC1. LLC1 owns 90,000 warrants to purchase common stock, and accordingly, Mr. Dulin holds an indirect pecuniary interest in 30,000 warrants.

	/S/ ROBERT KENNETH DULIN	07/08/2013
	** Signature of Reporting Person	Date
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