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 [...]
CALGARY, AB--(Marketwired - January 05, 2015) - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to provide an update on year end 2014;The Company achieved a 2014 production exit of 151,000 boepd and remains on track to meet or exceed 2015 average production guidance of 164,500 boepd (approximately 40% higher than 2014 average production on the current, reduced 2015 capital program of $1.4 [...]
CALGARY, AB--(Marketwired - December 15, 2014) - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to provide an update on recent activities and announce a revised capital program for 2015.EP UpdateCurrent production is 145,000 boepd and will exceed the 2014 exit target of 150,000 boepd with the start-up of the Wild River plant expansion on December 22. Construction of the 50 mmcfpd Wild River [...]
CALGARY, AB--(Marketwired - October 20, 2014) - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce that two new gas facilities, the Musreau Alberta and Doe B.C. 50 mmcfpd plant expansions, were successfully commissioned last week. With the start up of the two projects, daily production has reached a record 136,000 boepd. The Doe B.C. facility start-up has allowed for a 20 mmcfpd net [...]
CALGARY, AB--(Marketwired - September 08, 2014) - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to provide an operations update.The Company plans to add 43,000 boepd of new sustained production during the balance of 2014 through completion and start-up of five new facility projects. The first of these projects, the compression and dehydration facility at Sundown B.C., commenced production [...]
CALGARY, ALBERTA--(Marketwired - Aug 6, 2014) - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to announce record financial and operating results for the first half of 2014. Highlights Record cash flow(1) of $484.1 million during the first six months of 2014, a 97% increase over 1H 2013. Record earnings of $156.3 million in the 1H of 2014, a 90% increase over 1H 2013. Q2 2014 production of [...]
CALGARY, ALBERTA--(Marketwired - Jun 5, 2014) - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline") is pleased to announce that the nominees listed in its information circular dated May 2, 2014 were elected as directors of Tourmaline. The detailed results of the vote for the election of directors held at its annual and special meeting of shareholders on June 4, 2014 in Calgary, Alberta are set out below. Election of Directors [...]
Tourmaline Oil is pleased to announce that it has completed its previously announced flow-through share financing. At closing, Tourmaline issued 1,150,000 common shares (of which 1,000,000 were issued on a "bought deal" basis through a syndicate of underwriters and 150,000 were placed directly by Tourmaline primarily to directors, officers and employees of Tourmaline) on a "flow-through" basis in accordance with the [...]
Tourmaline Oil is pleased to announce that it has increased the size of its previously announced bought deal private placement flow-through common share offering with a syndicate of underwriters led by Peters & Co. Limited and including FirstEnergy Capital Corp., Scotia Capital Inc., CIBC World Markets Inc., National Bank Financial Inc., RBC Capital Markets and TD Securities Inc. Tourmaline will now issue 1,000,000 [...]
Tourmaline Oil is pleased to announce that it has entered into a private placement flow-through common share financing agreement on a bought deal basis with a syndicate of underwriters led by Peters & Co. Limited and including FirstEnergy Capital Corp., Scotia Capital Inc., CIBC World Markets Inc., National Bank Financial Inc., RBC Capital Markets and TD Securities Inc. Tourmaline will issue 750,000 flow-through common [...]
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