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TORC Oil & Gas Ltd (TOG.TO)

TOG.TO on Toronto Stock Exchange

7.57CAD
15 Jan 2018
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Latest Key Developments (Source: Significant Developments)

Torc Oil & Gas Increases 2017 Average Production Guidance To 20,800 BOEPD
Tuesday, 12 Dec 2017 

Dec 11 (Reuters) - Torc Oil & Gas Ltd ::TORC OIL & GAS LTD. ANNOUNCES 2018 CAPITAL BUDGET AND PRODUCTION GUIDANCE; A SERIES OF TUCK-IN ACQUISITIONS; AND INCREASED 2017 GUIDANCE.TORC OIL & GAS LTD - BOARD OF DIRECTORS HAS APPROVED 2018 CAPITAL BUDGET OF $165 MILLION.TORC OIL & GAS LTD - CO INCREASING 2017 AVERAGE PRODUCTION GUIDANCE TO 20,800 BOEPD (88% LIGHT OIL & LIQUIDS) FROM 20,600 BOEPD.TORC OIL & GAS LTD - ‍TORC ANTICIPATES THAT $165 MILLION 2018 CAPITAL BUDGET WILL RESULT IN 2018 AVERAGE PRODUCTION OF 23,000 BOEPD (87% LIGHT OIL & LIQUIDS)​.TORC OIL & GAS LTD SAYS YEAR-END 2017 NET DEBT ESTIMATED TO BE APPROXIMATELY $285 MILLION ON A BANK LINE OF $400 MILLION.TORC OIL & GAS LTD - INCREASING 2017 EXIT GUIDANCE TO 22,500 BOEPD (87% LIGHT OIL & LIQUIDS) FROM 21,500 BOEPD.TORC OIL & GAS LTD - TORC'S 2018 CAPITAL BUDGET IS WEIGHTED TO SECOND HALF OF YEAR.  Full Article

Torc Oil & Gas Ltd reports Q3 ‍adj FFO per share of $0.24​
Friday, 3 Nov 2017 

Nov 3 (Reuters) - Torc Oil & Gas Ltd :Torc Oil & Gas Ltd announces third quarter 2017 financial & operational results; strategic tuck-in acquisitions; and increase to production guidance.Torc Oil & Gas Ltd - ‍quarterly production of 20,992 boepd, up from 20,775 boepd in Q2 of 2017​.Torc Oil & Gas Ltd - ‍increasing 2017 average production guidance to 20,700 boepd and exit guidance to 21,500 boepd​.Torc Oil & Gas - co ‍expected to achieve free cash flow in 2017 after organically growing production and paying dividend​.Torc Oil & Gas ltd qtrly ‍adj FFO per share $0.24​.  Full Article

TORC Oil & Gas Ltd announces Strategic Acquisitions in Southeast Saskatchewan
Tuesday, 26 Jul 2016 

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 

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
Wednesday, 17 Feb 2016 

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

BRIEF-Torc Oil & Gas Increases 2017 Average Production Guidance To 20,800 BOEPD

* TORC OIL & GAS LTD. ANNOUNCES 2018 CAPITAL BUDGET AND PRODUCTION GUIDANCE; A SERIES OF TUCK-IN ACQUISITIONS; AND INCREASED 2017 GUIDANCE