Exploration & Production | Quarterly / Earnings Reports | Second Quarter (2Q) Update | Capital Markets | Capital Expenditure
TORC Continuing Strong Production Growth in Cardium, Monarch, SK
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TORC Oil & Gas Ltd. has announced its financial and operating results for the three and six months ended June 30, 2014.
President's MessageThe Company's key achievements in the second quarter of 2014 included the following:
Achieved record quarterly production of 11,116 boepd in the second quarter of 2014, up from 10,529 boepd in the first quarter of 2014 and 4,312 boepd in the second quarter of 2013; Generated cash flow of $50.7 million, up from $47.2 million in the first quarter of 2014 and $16.6 million in the second quarter of 2013; Cash flow per share increased to $0.55 per basic share in the second quarter of 2014 as compared to $0.52 in the first quarter of 2014 and $0.43 per share in the second quarter of 2013; Drilled 4 (2.8 net) wells in the second quarter of 2014 with 100%…- ✓ Full news archive — U.S., Canada & international coverage
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