Torquay Oil Corp.
TSX VENTURE : TOC.A
TSX VENTURE : TOC.B

Torquay Oil Corp.

August 10, 2012 10:59 ET

Torquay Oil Corp.: Viewfield Battery Repairs

CALGARY, ALBERTA--(Marketwire - Aug. 10, 2012) -

THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES, TO UNITED STATES NEWS WIRE SERVICES OR TO UNITED STATES PERSONS.

Torquay Oil Corp. (TSX VENTURE:TOC.A) (TSX VENTURE:TOC.B) ("Torquay" or the "Company") announces that as a result of a lightning strike during a severe thunder storm, a fire occurred at its Viewfield battery August 2, 2012. Lightning struck a storage tank and consequently damage was limited to the tank farm. No one was injured in the mishap. Site clean-up and reconstruction is under way with the facility expected to be fully operational by mid September. Approximately 140 boe/d of production is currently shut-in while repairs are completed. Cashflow is not expected to be materially affected as Torquay has business interruption insurance in place.

Torquay would like to thank the Stoughton Fire Department, RCMP, Classic Vacuum Truck Ltd. and our field staff who responded immediately and dealt with the fire at our facility. The Company also wishes to thank Mustang Vacuum Service Inc., Brady Oilfield Services, Site Energy Services and MWH Canada Inc. for their efforts in a quick clean-up of the site.

Torquay is a uniquely positioned, oil focused, junior exploration company formed to generate and develop its own prospects, acquire oil-weighted properties and participate with joint venture partners in oil exploration and development in the Western Canadian Sedimentary Basin. The Company's Class A Shares and Class B Shares trade on the TSX Venture Exchange under the symbols TOC.A and TOC.B. The Company currently has 48,659,448 Class A Shares and 1,260,000 Class B Shares outstanding.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Torquay Oil Corp.
    Mr. Terry McCallum
    President & Chief Executive Officer
    403 233 2444 ext. 32
    403 262 6991 (FAX)
    terry@torquayoil.com

    Torquay Oil Corp.
    Mr. Brent McKercher
    Executive Vice President & Chief Operating Officer
    403 233 2444 ext. 30
    403 262 6991 (FAX)
    brent@torquayoil.com