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Torc's 2016 Budget Set at $90 Million; Three Forks, Cardium
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TORC Oil & Gas Ltd. has approved a 2016 capital budget of $90 million. TORC's strategic objectives associated with the 2016 capital budget are consistent with the Company's long term objectives of delivering disciplined growth in combination with maintaining financial flexibility while providing a sustainable dividend over the long term.
TORC's 2016 capital budget exhibits a measured approach to the continued uncertainty in the world oil price environment and reflects a balance between managing long term objectives, protecting the Company's strong financial position and sustaining the dividend.
TORC's 2016 capital budget is specifically focused on: Investing in higher rate of return, lower risk light oil opportunities across the Company's extensive development drilling…- ✓ Full news archive — U.S., Canada & international coverage
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