11:35 AM EST - Toro Oil & Gas Ltd. : announced its financial and operating results for the three months ended June 30. Second-quarter results include a positive cash flow for the month of June as most one-time charges associated with the initial recapitalization together with the formulation of a sizeable light oil asset base in the Alberta Viking fairway have been incurred. Toro maintained a clean balance sheet with no debt and sufficient cash reserves to conduct operations for the subsequent quarters, in particular, the Company's $10-million initial phase drilling program. Toro Oil & Gas Ltd.
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