December 15, 2016 / 3:35 AM / 8 months ago

BRIEF-Torc Oil & Gas board approves 2017 capital budget of $130 mln

Dec 14 (Reuters) - Torc Oil & Gas Ltd

* Says board of directors has approved a 2017 capital budget of $130 million

* Torc - beginning with Jan 2017 dividend which is paid,to be paid in Feb 2017, co to eliminate discount associated with co's share dividend plan

* Torc Oil & Gas - remains positioned to achieve previously announced 2016 exit guidance of 19,600 boepd while maintaining a corporate decline profile of approximately 23 percent

* Torc Oil & Gas Ltd announces 2017 capital budget and production guidance; confirms december dividend Source text for Eikon: Further company coverage:

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