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TORC Touts 380% Upswing in Cardium Production
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TORC Oil & Gas Ltd. has reported its financial and operating results for the three month period ended March 31, 2013 .
President's MessageThe first quarter of 2013 represents the first full quarter of operations subsequent to the strategic acquisition of Vero Energy Inc. which closed on November 19, 2012 .
The Company's achievements in the first quarter of 2013 include the following: The Company executed its first Cardium development drilling program drilling 9 (5.6 net) Cardium wells with a 100 percent success rate; Increased production to 4,240 boepd in the first quarter of 2013 from 883 boepd in the first quarter of 2012, representing a year over year increase of 380 percent; Production increased 68 percent over the fourth quarter of 2012; Cash flow increased to $15.3 million in the…- ✓ Full news archive — U.S., Canada & international coverage
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