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TORC Oil & Gas Ltd. VREYD

TORC Oil & Gas Ltd engages in the exploration, development, and production of oil and natural gas reserves in the southeast Saskatchewan area. Crude oil constitutes an overwhelming majority of the production mix the company gathers from its assets. TORC gains access to its assets through government issued royalties and uses various techniques to identify hydrocarbon reservoirs. The company focuses heavily on light oil resource plays and relies on a three-phased strategy of resource capture, delineation, and production growth.


OTCPK:VREYD - Post by User

Bullboard Posts
Post by sureshotzon Feb 13, 2013 5:19pm
326 Views
Post# 20984321

Trading/ Rumination

Trading/ Rumination

Could possibly be related to financing a transaction/acquisition, however they do have a bank line for $100mm undrawn at moment. Obvious bet here is Argosy Energy which shares surrounding land at Monarch (around 35 sectons). If Monarch is good - Argosy is a steal.

Other thing to note is that TOG also has some warrants which will be forced to exercise around 2.40 ( I believe) so a lot of cash could show up in kitty once stock moves 

Bullboard Posts