TORC Oil & Gas to buy Canadian oil assets for C$430 mln

Mon Apr 27, 2015 8:31am EDT
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April 27 (Reuters) - Canadian oil and gas producer TORC Oil & Gas Ltd said it would buy oil producing assets in southeast Saskatchewan and Manitoba for C$430 million ($354 million) in cash.

The assets have production capacity of 4,750 barrels of oil equivalent per day, including 98 percent light oil and liquids, the company said in a statement on Monday. ($1 = C$1.2148 Canadian dollars) (Reporting by Shubhankar Chakravorty in Bengaluru; Editing by Savio D'Souza)