Tourmaline Oil is pleased to announce that it is increasing 2013 average production guidance to 80,000 boepd from the original target of 75,000 boepd. The production increase is a direct result of Tourmaline's continued success in the ongoing EP program in the Alberta Deep Basin, NEBC Montney and Spirit River, Alberta core areas. The 2013 capital program has been increased to $740 million from the original 2013 budget of [...]
CALGARY, ALBERTA -- (Marketwire) -- 02/12/13 -- 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 2012 independent reserve evaluation.
Reserve Highlights
-- Total year-end 2012 Proved plus Probable (2P) reserves of 438.0 mmboe after only four full years of operation. -- Total 2P reserve additions [...]
CALGARY, ALBERTA -- (Marketwire) -- 12/19/12 -- Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to report continued success in the Company's ongoing 2012 EP program which has generated strong production growth throughout the operated property portfolio. Tourmaline now expects to exit 2012 at 70,000 boepd, an increase from previous exit guidance of 63,000-65,000 boepd.
CALGARY, ALBERTA -- (Marketwire - Nov. 30, 2012) - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline") is pleased to announce the completion of Tourmaline's previously announced acquisition of all of the outstanding shares of Huron Energy Corporation ...
INCREASES 2012 EXIT AND 2013 PRODUCTION GUIDANCE AND EXPANDS CAPITAL PROGRAMCALGARY, Nov. 8, 2012 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to report strong Q3 2012 results and increased production guidance for exit 2012 and 2013. The Company has embarked upon an accelerated growth plan in all three core-operated areas through an expanded 2H 2012/2013 EP capital program and [...]
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. CALGARY, ALBERTA -- (Marketwire - Nov. 1, 2012) - Tourmaline Oil ...
Tourmaline Oil is pleased to announce the acquisition of Huron Energy, a private oil and gas producer with operations in NE British Columbia, in an all share transaction. the acquisition provides a significant expansion to Tourmaline's asset base in the prolific liquid rich Montney play area in NEBC. The Company's land base in NEBC will more than double to 186 sections from 78 sections and result in a significant increase [...]
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. CALGARY, ALBERTA -- (Marketwire - Oct. 10, 2012) - Tourmaline Oil ...
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. CALGARY, ALBERTA -- (Marketwire - Oct. 10, 2012) - Tourmaline Oil ...
Tourmaline Oil is pleased to announce that it has issued an additional 600,000 common shares at $29.00 per share for gross proceeds of $17.4 million pursuant to the exercise in full of the underwriters' over-allotment option in connection with its recently completed public offering. In total, Tourmaline raised $134.5 million pursuant to the public offering and the concurrent private placement.
Tourmaline Oil is pleased to announce that it has closed its public offering of 4,000,000 common shares at a price of $29.00 per common share. Concurrent with the closing of the public offering, certain directors, officers and employees of the Company and their associates, purchased a total of 39,000 common shares at the offering price of $29.00 per common share on a private placement basis. The gross proceeds from the [...]
Tourmaline Oil is pleased to announce that it has entered into a common share financing agreement on a bought deal basis with a syndicate of underwriters led by Peters & Co. Limited and including Scotia Capital Inc., FirstEnergy Capital Corp., National Bank Financial Inc., Stifel Nicolaus Canada Inc., CIBC World Markets Inc., TD Securities Inc., and Cormark Securities Inc. Tourmaline will issue 4,000,000 common shares at [...]