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Torc to Drill 16 Wells in 2016; Reports 4Q Results, Reserves
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TORC Oil & Gas Ltd. reported financial and operating results for the three month periods and years ending December 31, 2015 and 2014, and to provide 2015 year-end reserves information as evaluated by Sproule Associates Limited.
2016 Plans Capital Expenditure: $90 million Wells Plan To Drill : 16 (14.1 net wells)Brett Herman, President & CEO, commented: "TORC consistently focuses on the Company's long term objectives of delivering disciplined growth in combination with maintaining financial flexibility and delivering a sustainable dividend. 2015 was another strong year for TORC in executing this strategy for shareholders.
"During 2015, TORC completed two significant complementary light oil asset acquisitions in the Company's southeast Saskatchewan core area. The strategic…
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