Abstract: A torch assembly means by which a torch can be alternatively and conveniently rested upon a surface or hanged from a suspension means. In the preferred embodiments, the torch assembly comprises a torch body capable of retaining a quantity of oil, having a top portion and a bottom portion. The top portion can threadingly engage a removable wick holder; and the bottom portion has a tapped aperture capable of threadingly engage a ground securement means, and it further has one or more grooves or protrusions. The bottom portion of the torch body is received by an invertible base with one or more grooves or protrusions wherein at least two legs ending in hook like structures may be readily passed there through for suspension or support. The wick holder further may be fitted with a gasket, seal, cap or plug for easy storage.