Tourmaline Oil Corp.

CALGARY, Dec. 11, 2017 /CNW/ - Tourmaline Oil Corp. is pleased to provide an update on 2017 exit production and EP results. PRODUCTION UPDATE Tourmaline achieved its 2017 exit production target of 270,000 boepd on December 1. Current production is 277,000 boepd; further EP activities in December are expected to grow production to levels in excess of 280,000 boepd by the end of the month. The Company continues to forecast [...]

CALGARY, Nov. 8, 2017 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to release strong financial and operating results for the third quarter of 2017. PRODUCTION UPDATE Current production is ranging between approximately 255,000-265,000 boepd and the Company expects 2017 exit production of between 270,000-280,000 boepd, both ahead of original internal estimates. The Company also [...]

CALGARY, Aug. 2, 2017 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to release strong financial and operating results for the second quarter of 2017. HIGHLIGHTS Financial Results Second quarter earnings were $108.6 million ($0.40/share) underscoring the fundamental profitability of Tourmaline's EP business in all three core complexes. Second quarter 2017 cash flow(1) was $ 313.3 [...]

CALGARY, July 4, 2017 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to provide an update on its EP activities. The Company is currently operating 10 drilling rigs and will ramp to the full 18 rig fleet during the first half of July.  Frac operations are underway on 4 of the 8 pads drilled during spring break-up.  Approximately 175 new wells will be tied-in during the second half of [...]

CALGARY, June 20, 2017 /CNW/ - Tourmaline Oil Corp. (TSX - TOU) ("Tourmaline") is pleased to announce that its President and Chief Executive Officer, Michael Rose, is donating a total of $26 million to multiple ongoing charitable initiatives supporting youth education, health, and sports and include: major donation to the new Innovation Commons in the Engineering Faculty at Queen's University, and ongoing funding of the [...]

CALGARY, June 8, 2017 /CNW/ - Tourmaline Oil Corp. (TSX - TOU) ("Tourmaline") is pleased to announce that the nominees listed in its information circular dated April 24, 2017 were elected as directors of Tourmaline at its annual and special meeting of shareholders on June 7, 2017 in Calgary, Alberta (the "Meeting"). All matters presented for approval at the Meeting, including the adoption of new by-laws containing advance [...]

CALGARY, May 29, 2017 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to announce three new extensive exploration and production ("EP") opportunities within its existing core complexes and provide an update on its EP activities. NEW LIQUID-RICH OPPORTUNITIES Liquid-rich Viking at Brazeau River Tourmaline has been delineating a new extensive liquid-rich opportunity in the Brazeau River [...]

CALGARY, May 4, 2017 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to release strong financial and operating results for the first quarter of 2017. HIGHLIGHTS Record Q1 2017 production of 233,278 boepd, a 22% increase over the prior quarter. Strong first quarter 2017 earnings of $99.5 million ($0.37/diluted share) underscoring the fundamental profitability of Tourmaline's asset base [...]

CALGARY, March 7, 2017 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") achieved exceptional growth in reserves (64%) and top-tier production growth (20%) in 2016 while continuously improving its industry-leading cost structure. HIGHLIGHTS Q4 after-tax earnings of $59.6 million ($0.24/diluted share), re-emphasizing the underlying profitability of Tourmaline's E&P business, even in a low commodity [...]

CALGARY, Feb. 22, 2017 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") enjoyed another record year of material, profitable reserve additions with ever-improving efficiencies. HIGHLIGHTS Proved plus probable reserves ("2P") increased to 1,746.8 mmboe during 2016, a 58% increase over 2015 reserves of 1,108.3 mmboe and a 64% increase (34% per diluted share) before taking into account annual production [...]