June 27 (Reuters) - TORC Oil & Gas Ltd TOG.TO :
* TORC OIL & GAS ANNOUNCES CLOSING OF STRATEGIC ACQUISITION IN SOUTHEAST SASKATCHEWAN; CONFIRMS GUIDANCE; INCREASES BANK LINE
* CONFIRMS PREVIOUSLY ANNOUNCED 2018 BUDGET OF $180 MILLION
* 2018 CAPITAL PROGRAM WILL REMAIN CONCENTRATED ON PRIMARY CORE AREAS IN SOUTHEAST SASKATCHEWAN AND CARDIUM PLAY IN CENTRAL ALBERTA
* EXPANDED ITS AVAILABLE CREDIT FACILITY TO $500 MILLION FROM $400 MILLION PREVIOUSLY
* CONFIRMS UPWARD REVISION TO 2018 GUIDANCE COMPRISED OF AVERAGE PRODUCTION OF 24,700 BOEPD AND 2018 EXIT PRODUCTION OF 27,000 BOEPD