CALGARY, ALBERTA--(Marketwired - May 7, 2014) - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to announce record financial and operating results for the first quarter of 2014. Highlights Record cash flow(1) of $252.6 million in the first quarter of 2014, a 117% increase over first quarter 2013 cash flow of $116.6 million. First quarter 2014 earnings of $89.9 million, a 72% increase over first [...]
A Deletion from the S&P/TSX SmallCap Index TORONTO, April 24, 2014 /CNW/ - S&P Dow Jones Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices: The shareholders of Santonia Energy Inc. (TSX:STE) have approved a Plan of Arrangement with Tourmaline Oil Corp. (TSX:TOU). Santonia Energy shareholders will receive 0.03012 shares of Tourmaline for each share held. Santonia Energy will be [...]
Tourmaline Oil is pleased to announce the completion of its previously announced acquisition of all of the outstanding common shares of Santonia Energy pursuant to an arrangement under the Business Corporations Act (Alberta). Under the Arrangement, which was approved by Santonia shareholders by greater than a 99% majority, Santonia shareholders received 0.03012 of a Tourmaline common share for each Santonia common share [...]
Santonia Energy is pleased to announce that today it received shareholder and court approval for the previously announced plan of arrangement pursuant to which Tourmaline Oil will acquire all the issued and outstanding common shares of Santonia. Pursuant to the Arrangement, Santonia shareholders will receive 0.03012 of a common share of Tourmaline for each common share of Santonia held. The Arrangement was approved by [...]
CALGARY, ALBERTA--(Marketwired - Mar 17, 2014) - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") achieved exceptional growth in reserves (41%), production (47%) and cash flow(1) (88%) in 2013 while delivering strong profitability. The Company posted significant after-tax earnings of $148.1 million for the 2013 fiscal year. Highlights Record full year after tax earnings of $148.1 million ($0.79 per diluted [...]
Santonia Energy is pleased to announce that it has entered into an arrangement agreement with Tourmaline Oil pursuant to which Tourmaline, has agreed to acquire all of the issued and outstanding common shares of Santonia on the basis of 0.03012 of a Tourmaline common share for each outstanding Common Share. The transaction is to be completed by way of a plan of arrangement under the Business Corporations Act (Alberta [...]
CALGARY, ALBERTA--(Marketwired - Mar 4, 2014) - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline") is pleased to announce that it has entered into an agreement with Santonia Energy Inc. (TSX: STE) ("Santonia") pursuant to which Tourmaline will acquire all of the issued and outstanding common shares of Santonia on the basis of 0.03012 of a Tourmaline common share for each Santonia common share. The acquisition will be effected [...]
CALGARY, ALBERTA--(Marketwired - Feb 19, 2014) - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to provide the following operations and financial update and highlights from its year-end 2013 independent reserve evaluation. Reserve Highlights Total year-end 2013 Proved plus Probable (2P) reserves of 590.1 mmboe after only five full years of operation. Total 2P reserve additions of 179.4 mmboe in [...]
Tourmaline is pleased to announce that it has closed its public offering of 4,600,000 common shares at a price of $47.50 per share, which includes 600,000 common shares issued pursuant to the exercise in full of the over-allotment option, for gross proceeds of $218.5 million. Concurrent with the closing of the public offering, certain directors, officers and employees of the Company and their associates, purchased a total [...]
Tourmaline is pleased to announce that in connection with its previously announced bought-deal financing, Tourmaline and the syndicate of underwriters led by Peters & Co. Limited and including Scotia Capital Inc., FirstEnergy Capital Corp., CIBC World Markets Inc., National Bank Financial Inc., RBC Capital Markets and TD Securities Inc. have agreed to increase the size of the financing. Tourmaline will now issue 4,000,000 [...]
Tourmaline is pleased to announce that it has entered into a bought-deal financing with a syndicate of underwriters led by Peters & Co. Limited and including Scotia Capital Inc., FirstEnergy Capital Corp., CIBC World Markets Inc., National Bank Financial Inc., RBC Capital Markets and TD Securities Inc. Tourmaline will issue 3,300,000 common shares at a price of $47.50 per Common Share for gross proceeds of $156,750,000 [...]
CALGARY, ALBERTA--(Marketwired - Jan 6, 2014) - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to report that estimated daily production volumes reached a record of 111,200 boepd (564 mmcfpd (94,000 boepd) natural gas and 17,200 bpd of oil, condensate and ngls) during the second half of December following the start-up of the Wild River and Banshee gas plant expansions. The Company has an [...]