TORC’s corporate strategy is to provide a sustainable monthly dividend combined with cost-effective per share growth in reserves, production, and cash flow achieved by:

• Focusing on high quality, tight light oil resource plays.
• Positioning the company for material growth and exposure in light oil resource plays utilizing a three-phased strategy of Resource Capture, Delineation, and Production Growth.
• Maintaining a strong balance sheet.
• Attracting and retaining top quality technical and corporate staff with proven track records.

The fundamental responsibilities of the Board of Directors of the Corporation are to:

1. In conjunction with the President and Chief Executive Officer, appoint and oversee a competent executive team to manage the business of the Corporation, with a view to maximizing shareholder value;
2. Identify and understand the risks associated with the business of the Corporation;
3. Conduct reviews and audits of financial statements, reserves, executive compensation, and health, safety, and environment procedures on a regularly scheduled basis; and
4. Ensure corporate conduct in an ethical and legal manner via an appropriate system of corporate governance, disclosure processes and internal controls.