Torquay Oil Corp. provide the following update on its operating and corporate activities in the fourth quarter.

Operations

Torquay is currently producing approximately 520 boepd.

At Midale, Saskatchewan the Company has completed the tie-in of its first 100% working interest well targeting the Midale "Marly" and "Vuggy" zones. This well has been averaging approximately 53 bopd over the last 10 weeks. Torquay has identified an additional eight development locations on this property.

At Alameda, Saskatchewan Torquay has tied-in the first Midale development well to its 74.9% working interest battery. This Midale producer has averaged 17 bopd over the last two weeks. An additional 13 development locations have been identified on this property.

Torquay's first 100% working interest Queensdale, Saskatchewan well was drilled into the Alida formation and has averaged 145 boepd over the last 12 weeks. The Company is currently testing its second Alida well at Queensdale and expects to have the well tied-in to its battery in approximately seven days.

On the exploration side, Torquay remains committed to unlocking the hydrocarbon potential at Lake Alma, Saskatchewan where the Company holds an interest in over 55,000 net acres of land with no expiry issues until March 2016. Management continues to explore various alternatives which will allow the Company to economically produce oil from the Bakken and Ratcliffe formations in this area.

Tags: Torquay Oil Corp.