Torque Energy Inc.

Torque Energy advises that at its annual and special shareholder meeting held today, its shareholders approved the amalgamation of Torque with a subsidiary of Dundee Energy Limited (formerly called Eurogas Corporation) whereby Torque will become a wholly-owned subsidiary of Dundee Energy. The amalgamation was approved by over 94.0% of the votes [...]

Torque Energy today filed with Canadian securities authorities its unaudited interim financial statements and related Management's Discussion and Analysis for the three and six month period ended May 31, 2011. Torque realized a profit of $229,777 ($0.02 per share) for the three months ended May 31, 2011 on revenues of $899,522 compared to a profit [...]

Torque Energy is pleased to announce that it has completed the purchase of substantially all of the Ontario oil and gas assets of two United States based companies – Midway Petroleum Company of Clarkston, Michigan and the True Family of Casper, Wyoming. The Midway assets provide Torque with a portfolio of natural gas storage leases, 600 kilometres [...]

Torque Energy is pleased to announce that on July 19, 2011 the Ontario Energy Board approved and designated as a storage area, the Jacob Storage Pool. Torque is scheduled to receive, within sixty days, its second milestone payment of approximately $550,000 from Union Gas pursuant to the definitive Asset Purchase Agreement for the Dover East field [...]

Torque Energy advises that it has entered into amalgamation and merger agreements with Dundee Energy Limited and a subsidiary of Dundee Energy respecting the amalgamation of Torque with the subsidiary to become a wholly-owned subsidiary of Dundee Energy. Shareholders of Torque can elect to receive on the amalgamation either C$0.50 for each Torque [...]

Torque Energy advises that due to a number of unforeseen procedural delays in respect of its proposed triangular merger with Eurogas, none of which are related to the merits of the transaction, its Annual and Special General Meeting of Shareholders scheduled for June 30th is being rescheduled to later this summer. Torque will announce the new date [...]

Torque Energy announces that an Annual and Special General Meeting of its shareholders will be held on Thursday, June 30th, 2011 at 9:00 a.m. The meeting location is to be determined. On April 29, 2011, Torque accepted an offer from Eurogas Corporation, subject to receipt of a favourable fairness opinion and regulatory and shareholder approvals [...]

Torque Energy has accepted, subject to receipt of a favourable fairness opinion, an offer from Eurogas whereby Torque will become a wholly-owned subsidiary of Eurogas. The transaction will be carried out on the basis that Torque shareholders will receive, for each share of Torque held, either 0.5 Eurogas shares or, at the shareholder's option [...]