TORC Oil & Gas Ltd. confirmed that a dividend of $0.02 per common share will be paid on February 15, 2017 to common shareholders of record on January 31, 2017. The ex-dividend date is January 27, 2017, with payment to be made in cash or common shares at the election of the shareholder. Any common shareholder choosing to receive common shares rather than cash must submit his or her share dividend authorization form no later than 4:30 p.m. (Calgary time) on the fourth business day immediately prior to the record date for the declared dividend payment, being January 25, 2017.