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TORC Oil & Gas Ltd (TOG.TO)

TOG.TO on Toronto Stock Exchange

5.73CAD
29 May 2017
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Latest Key Developments (Source: Significant Developments)

Torc Oil & Gas Ltd Q1 AFFO earnings per share $0.28
Monday, 8 May 2017 07:00pm EDT 

May 9 (Reuters) - Torc Oil & Gas Ltd :Torc oil & gas ltd. Announces first quarter 2017 financial & operating results; on-strategy tuck-in acquisitions; & increased 2017 production guidance.Qtrly production of 19,806 boepd, up from 19,621 boepd in q4 of 2016.Qtrly AFFO earnings per share $0.28.2017 capital budget of $130 million maintains torc's balanced approach to current commodity price environment..Increasing 2017 average production guidance to greater than 20,400 boepd from 19,900 boepd previously.Increases 2017 exit production guidance to 21,200 boepd from 20,600 boepd previously.  Full Article

TORC Oil & Gas says production of 19,621 boepd in Q4 of 2016
Thursday, 2 Mar 2017 06:00am EST 

TORC Oil & Gas Ltd : TORC Oil & Gas Ltd - Production of 19,621 boepd in Q4 of 2016, an 8% increase from 18,108 boepd in Q4 of 2015 . TORC Oil & Gas Ltd - Proved reserves increased to 64.4 mmboe from 59.9 mmboe at year-end 2016, representing growth of 8% . TORC Oil & Gas Ltd sees 2017 capital program $130 million .TORC Oil & Gas Ltd sees 2017 high netback production to average: 19,900 boepd and exit with 20,600 boepd.  Full Article

Torc Oil & Gas board approves 2017 capital budget of $130 mln
Wednesday, 14 Dec 2016 10:20pm EST 

Torc Oil & Gas Ltd : Says board of directors has approved a 2017 capital budget of $130 million . Torc - beginning with Jan 2017 dividend which is paid,to be paid in Feb 2017, co to eliminate discount associated with co's share dividend plan . Torc Oil & Gas - remains positioned to achieve previously announced 2016 exit guidance of 19,600 boepd while maintaining a corporate decline profile of approximately 23 percent .Torc Oil & Gas Ltd announces 2017 capital budget and production guidance; confirms december dividend.  Full Article

TORC Oil & Gas Ltd announces Strategic Acquisitions in Southeast Saskatchewan
Monday, 25 Jul 2016 04:53pm EDT 

TORC Oil & Gas Ltd : Pro forma acquisitions, TORC anticipates that 2016 budget will result in 2016 exit production of greater than 19,400 boepd . Completed a series of tuck-in acquisitions in first half of 2016 for cash consideration of approximately $6.0 million . Further cost savings combined with operational efficiencies are expected to continue during 2016 . Also entered into an agreement with CPPIB for aggregate gross proceeds of $25 million . TORC Oil & Gas announces strategic acquisitions in Southeast Saskatchewan, bought deal financing, concurrent private placement to cornerstone investor and increase to 2016 production guidance . TORC Oil & Gas Ltd says total consideration for SE Saskatchewan Acquisition is $89.5 million, payable in cash . Entered into an agreement for a $75 million bought deal financing through a syndicate of underwriters . Says underwriters have agreed to purchase for resale to public, on a bought deal basis, 10.6 million shares at $7.05/share . Acquisitions are accretive on all key per share measures on a leverage neutral basis . Following completion of SE Saskatchewan Acquisition, TORC intends to maintain previously announced 2016 capital budget of $90 million .Also entered into an agreement with CPPIB whereby CPPIB has committed to subscribe for 3.5 million shares at price of $7.05per share.  Full Article

TORC Oil & Gas posts Q1 loss per share $0.16
Wednesday, 11 May 2016 06:00am EDT 

TORC Oil & Gas Ltd : TORC Oil & Gas Ltd announces first quarter 2016 financial & operational results . Quarterly production of 18,162 boepd, up from 18,108 in Q4 of 2015 . Qtrly FFO per share $0.09 . TORC's 2016 capital budget $90 million . Qtrly loss per share $0.16 . Says 2016 capital budget of $90 million . Says expects to spend approximately $25 million in first half of year .Q1 earnings per share view c$-0.15 -- Thomson Reuters I/B/E/S.  Full Article

TORC Oil & Gas Ltd announces revised dividend
Tuesday, 16 Feb 2016 05:01pm EST 

TORC Oil & Gas Ltd:Board of Directors has approved a monthly dividend of $0.02 per common share, to be paid on March 15 to common shareholders of record on February 29.Approved monthly dividend of $0.02 per common share has been reduced from the previous monthly level of $0.045 per common share.  Full Article

TORC Oil & Gas Ltd confirms December dividend
Monday, 14 Dec 2015 04:01pm EST 

TORC Oil & Gas Ltd:Confirm that the December, 2015 dividend of $0.045 per common share will be paid on January 15, 2016.  Full Article

TORC Oil & Gas Ltd. Confirms Monthly Dividend for November 2015
Friday, 13 Nov 2015 04:20pm EST 

TORC Oil & Gas Ltd:confirm that a dividend of $0.045 per common share will be paid on December 15, 2015 to common shareholders of record on November 30, 2015.ex-dividend date is November 26, 2015, with payment to be made in cash or common shares at the election of the shareholder.  Full Article

TORC Oil & Gas Ltd increases FY 2015 production guidance
Tuesday, 10 Nov 2015 06:00am EST 

TORC Oil & Gas Ltd:Slightly increases FY 2015 production guidance to 15,500 from 15,400 boepd (87% light oil and liquids) and maintains exit rate guidance of greater than 18,200 boepd (89% light oil and liquids).  Full Article

TORC Oil & Gas confirms monthly dividend for October 2015
Thursday, 15 Oct 2015 04:29pm EDT 

TORC Oil & Gas:Confirm that a dividend of $0.045 per common share will be paid on November 16, 2015 to common shareholders of record on October 31, 2015.Says the ex-dividend date is October 28, 2015.  Full Article

More From Around the Web

BRIEF-Torc Oil & Gas Ltd Q1 AFFO earnings per share $0.28

* Torc oil & gas ltd. Announces first quarter 2017 financial & operating results; on-strategy tuck-in acquisitions; & increased 2017 production guidance