Feb 16 (Reuters) - TORC Oil & Gas Ltd TOG.TO :
* Says board of directors has approved a monthly dividend of $0.02 per common
share
* Approved monthly dividend of $0.02 per common share has been reduced from
previous monthly level of $0.045 per common share
* Says co remains positioned to achieve previously announced 2016 average and
exit production guidance of about 18,200 boepd
* Source text for Eikon ID:nCNWsh8wna
* Further company coverage TOG.TO