Tourmaline Oil Corp.

Tourmaline Oil Corp. is pleased to announce the formation of Topaz Energy Corp. , a new private royalty and infrastructure energy company. Tourmaline will sell to Topaz: a royalty interest on Tourmaline lands, a non-operated interest in two of Tourmaline's existing 19 natural gas processing plants, and a contracted interest in a portion of Tourmaline's current third-party revenue for total cash and share consideration of [...]

Tourmaline Oil Corp. is pleased to announce that its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.12 per common share. The dividend will be payable September 30, 2019 to shareholders of record at the close of business on September 16, 2019. This quarterly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes. Reader Advisories CURRENCY All amounts [...]

 Tourmaline Oil Corp. is pleased to release financial and operating results for the second quarter of 2019. HIGHLIGHTS 1H 2019 production average was 286,955 boepd, including impact of Q2 gas storage injections and gas price-related program deferrals. With Gundy Phase 1 now onstream, the Company reconfirms full-year average production of 300,000 boepd in conjunction with an accumulated $180.0 million of capital program [...]

Tourmaline Oil Corp. is pleased to announce that the Toronto Stock Exchange has accepted the notice of Tourmaline's intention to commence a normal course issuer bid . The NCIB allows Tourmaline to purchase up to 13,602,507 common shares over a period of twelve months commencing on July 8, 2019. The NCIB will expire no later than July 7, 2020. Under the NCIB, common shares may be repurchased in open market transactions on [...]

Tourmaline Oil Corp. is pleased to announce that it intends to make a normal course issuer bid to purchase its common shares. The NCIB is subject to approval by the Toronto Stock Exchange , and if approved, will be made in accordance with the applicable rules and policies of the TSX and applicable Canadian securities laws. Tourmaline intends to purchase up to 5% of its outstanding common shares over a period of twelve [...]

 Tourmaline Oil Corp. is pleased to announce that the nominees listed in its information circular dated April 18, 2019 were elected as directors of Tourmaline at its annual meeting of shareholders on June 5, 2019 in Calgary, Alberta .  All matters presented for approval at the Meeting were approved by Tourmaline's shareholders. A full report of voting results is available on SEDAR at www.sedar.com Election of Directors On [...]

CALGARY, May 29, 2019 /CNW/ - Tourmaline Oil Corp.  is pleased to provide details of an enhanced five-year development plan. FREE CASH FLOW ACCELERATION PLAN:  SUMMARY OF PLAN CHANGES Aggregate free cash flow increases by approximately $840 million to a total of approximately $3.05 billion over the five years.  Annual production and cash flow are essentially unchanged from the previous plan. Growth capital directed [...]

Tourmaline Oil Corp. is pleased to release  financial and operating results for the first quarter of 2019. HIGHLIGHTS Q1 2019 production averaged 293,434 boepd, a 9% increase over Q1 2018 and a 6% increase over the prior quarter. March 2019 production averaged 301,336 boepd. Q1 2019 cash flow was $419.2 million compared to Q1 2019 capital spending of $384.4 million. Q1 2019 net earnings were $87.7 million . The Company [...]

Tourmaline Oil Corp. is pleased to announce very strong 2018 financial and operating results. HIGHLIGHTS Tourmaline delivered full-year 2018 earnings of $401.4 million underscoring the inherent profitability of the core EP business. Annual cash flow for 2018 of $1.3 billion which is 8% higher than 2017 cash flow of $1.2 billion . Record Q4 2018 cash flow of $391.5 million was 36% higher than cash flow for the third [...]

Tourmaline Oil Corp. is pleased to report very strong total reserve growth, liquids reserve growth and a continued reserve value increase in the current depressed natural gas price environment.  The Company executed on the 2017-2018 plan to concentrate almost entirely on internal EP growth and has produced the best reserve metrics in the Company's 10 year history over the past two years. RESERVE HIGHLIGHTS Proved plus [...]