TORC Oil & Gas Ltd. provided net debt guidance for the year 2014. For the year end 2014, the company net debt is estimated to be approximately $245 million on a bank line of $425 million.

For the year 2015, the company expects average production of greater than 13,000 boepd (>86% light oil and liquids) with an exit rate of greater than 13,450 boepd (>86% light oil and liquids) representing 16% year over year growth over estimated 2014 average production. Reserves greater than 59 mmboe (83% light oil & liquids) total proved plus probable.