CALGARY, AB--(Marketwired - November 04, 2015) - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to provide third quarter 2015 financial results and an operational update. HIGHLIGHTS Q3 2015 after tax earnings of $28.5 million underscores the full-cycle profitability of the Company's low cost business, even in a very low commodity price environment. Third quarter production of 150,297 boepd, up [...]
CALGARY, AB--(Marketwired - October 14, 2015) - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to provide updated production, cash flow(1) and exploration and production ("EP") capital spending guidance for 2016 and 2017. 2016/2017 PRODUCTION AND CAPITAL GUIDANCE The Company's guidance for production growth, EP capital spending and cash flow for 2016/2017 is based on two commodity price [...]
CALGARY, AB--(Marketwired - August 14, 2015) - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline") and Mapan Energy Ltd. (TSX VENTURE: MPG) ("Mapan") jointly announce the completion of Tourmaline's previously announced acquisition of all of the outstanding Mapan common shares pursuant to an arrangement under the Business Corporations Act (Alberta) (the "Arrangement"). Under the Arrangement, which was approved by Mapan [...]
CALGARY, AB--(Marketwired - August 05, 2015) - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce continued strong financial and operating results for the second quarter of 2015. HIGHLIGHTS Second quarter production of 143,634 boepd, up 31% from second quarter of 2014. Quarterly cash flow(1) of $203.0 million ($0.95/share). Second quarter 2015 operating costs of $4.10/boe, down 13 [...]
CALGARY, AB--(Marketwired - June 29, 2015) - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce that it has entered into an agreement with Mapan Energy Ltd. (TSX VENTURE: MPG) ("Mapan") pursuant to which Tourmaline will acquire all of the issued and outstanding common shares of Mapan on the basis of 0.0379 of a Tourmaline common share for each Mapan common share. The acquisition will be [...]
CALGARY, ALBERTA--(Marketwired - June 23, 2015) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW. Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to announce that it has closed its public offering of 4,887,500 common shares at a price of $39.50 per share, which [...]
CALGARY, AB--(Marketwired - June 04, 2015) - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline") is pleased to announce that the nominees listed in its information circular dated May 4, 2015 were elected as directors of Tourmaline. The detailed results of the vote for the election of directors held at its annual meeting of shareholders on June 3, 2015 in Calgary, Alberta are set out below. Election of Directors On a vote by [...]
CALGARY, AB--(Marketwired - June 01, 2015) - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to provide an operational and financial update. EP PROGRAM UPDATE Tourmaline currently has six rigs active post-break-up and plans to activate the remaining 10 rigs in early July. Continued optimization of recently expanded facilities has allowed the Company to increase production through-put and allowed [...]
CALGARY, AB--(Marketwired - May 27, 2015) - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to provide results from the initial discovery and ongoing delineation of the liquid rich Lower Montney Turbidite lobe in the Dawson-Doe area of NEBC. The initial discovery was made during the fourth quarter of 2013, and over the past 16 months the Company has now tested the horizon with ten [...]
CALGARY, AB--(Marketwired - April 29, 2015) - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce record production results for the first quarter of 2015. HIGHLIGHTS Record average production of 143,725 boepd in the first quarter of 2015, up 40% over first quarter of 2014, and 10% over the prior quarter. Record average oil and condensate production of 10,805 bpd and 7,830 bpd of NGLs or [...]
CALGARY, AB--(Marketwired - March 12, 2015) - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") has entered into a transaction to acquire Perpetual Energy Inc.'s ("Perpetual") interests in the West Edson area of the Alberta Deep Basin. The interests include Perpetual's land interests, production, reserves and facilities that are currently joint with Tourmaline. Tourmaline will issue 6.75 million shares to [...]
CALGARY, AB--(Marketwired - February 18, 2015) - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce reserve and production results for full year 2014. HighlightsProved plus probable reserves (2P) increased to 855.8 mmboe during 2014, a 45% increase over 2013 reserves of 590.1 mmboe (38% growth per diluted share). Proved reserves increased 49%, proved developed producing (PDP) and proved [...]
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