CPPIB invests $170 mln Calgary's TORC Oil & Gas
Calgary-based TORC Oil & Gas Ltd. (TSX:TOG) has completed its buy of light oil producing assets located in southeast Saskatchewan. In conjunction with this transaction, the company secured a cornerstone equity investment totaling $170 million from Canada Pension Plan Investment Board, along with additional funding. Established in 2010, TORC is focused on the acquisition, exploration, development and production of crude oil and natural gas assets.
10 September 2013•7 mins read
