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Tourmaline Oil Corp (TOU.TO)

TOU.TO on Toronto Stock Exchange

35.70CAD
29 Sep 2016
Change (% chg)

$-0.17 (-0.47%)
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$35.87
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Volume
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$37.90
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Latest Key Developments (Source: Significant Developments)

Tourmaline Qtrly loss per share $0.34
Wednesday, 3 Aug 2016 05:00pm EDT 

Tourmaline Oil Corp : Tourmaline achieves strong first half growth with a cash flow budget . Qtrly revenue $247.1 million versus $298.7 million . Q2 2016 average production of 185,812 boepd represents a 29% increase over q2 2015 production of 143,634 boepd . Company remains on track for full-year 2016 average production of between 190,000 and 195,000 boepd . Current 2017 production guidance of 215,000 boepd is based on a 12-rig drilling program . Will expand 2017 drilling program should commodity prices generate incremental cash flow in excess of current 2017 forecast of $1.2 billion . Expects strong second half 2016 production growth with over 100 new wells across all 3 core complexes coming on-stream prior to year-end . Current 2017 production guidance of 215,000 boepd . Will expand 2017 drilling program should commodity prices generate incremental cash flow in excess of current 2017 forecast of $1.2 billion . Expects strong h2 2016 production growth with over 100 new wells across all three core complexes coming on-stream prior to year-end . Qtrly loss per share $0.34 .First half 2016 average production of 190,820 boepd, within fy guidance range of 190,000-195,000 boepd and 33% increase over 1h 2015.  Full Article

Tourmaline Oil Corp increases size of bought deal financing
Tuesday, 15 Mar 2016 09:21am EDT 

Tourmaline Oil Corp:Will now issue 9,000,000 common shares ("Common Shares") at a price of $27.11 per Common Share for gross proceeds of $243,990,000.Net proceeds of the Offering and the private placement will be used to temporarily reduce indebtedness, for general working capital purposes, and to fund potential acquisition opportunities.  Full Article

Tourmaline Oil Corp lowers FY 2015 production guidance
Wednesday, 14 Oct 2015 05:00pm EDT 

Tourmaline Oil Corp:Revises full year average 2015 production of between 155,000-160,000 boepd, down from original production guidance of 164,500 boepd.  Full Article

Tourmaline Oil Corp completes acquisition of Mapan Energy Ltd
Friday, 14 Aug 2015 04:20pm EDT 

Tourmaline Oil Corp:And Mapan Energy Ltd jointly announce the completion of Tourmaline's previously announced acquisition of all of the outstanding Mapan common shares pursuant to an arrangement.  Full Article

Tourmaline Oil Corp reaffirms FY 2015 production guidance
Wednesday, 5 Aug 2015 05:00pm EDT 

Tourmaline Oil Corp:Expects FY 2015 Average production of 164,500 boepd.  Full Article

Tourmaline Oil Corp to acquire Mapan Energy Ltd
Monday, 29 Jun 2015 08:00am EDT 

Tourmaline Oil Corp:To acquire Mapan Energy Ltd as it continues its deep basin consolidation and growth strategy.Says deal valued at C$106 million.Deal value comprised of the issuance of approximately 2.73 million Tourmaline common shares.Says Mapan transaction will be accretive to Tourmaline on a reserve and production basis.Says peters & co. limited is acting as exclusive financial advisor to Tourmaline with respect to the arrangement.  Full Article

Tourmaline Oil Corp reaffirms FY 2015 production guidance
Monday, 9 Mar 2015 05:00pm EDT 

Tourmaline Oil Corp:Says estimated FY 2015 average production of 164,500 boepd.Expects to achieve FY 2015 average production target of 164,500 boepd in late April 2015.  Full Article

Canadian Non-Operated Resources Corp closes joint venture with Tourmaline Oil
Tuesday, 6 Jan 2015 02:00am EST 

Canadian Non-Operated Resources Corp:Says it closed the previously announced Peace River High joint venture arrangement with Tourmaline Oil Corp. (Tourmaline or the Seller) on Dec. 23, 2014.Says the venture covers the Peace River High operated area in Alberta, Canada, through which Tourmaline sold 25 pct of the existing complex (all lands, wells, production, reserves, and facilities) for C$500 mln subject to customary adjustments.REL originally committed $90 mln to CNOR on Aug. 12, 2014 and announced the signing of the joint venture with Tourmaline on Nov. 06, 2014.REL invested about $69 mln in CNOR upon closing of the Tourmaline joint venture arrangement, bringing total invested capital in CNOR to about $70 mln.  Full Article

Tourmaline Oil Corp reaffirms FY 2015 production guidance
Monday, 15 Dec 2014 08:11am EST 

Tourmaline Oil Corp:Says for FY 2015 production guidance remains unchanged at 164,500 boepd.  Full Article

Riverstone Energy Ltd - CNOR announces joint venture with Tourmaline Oil
Thursday, 6 Nov 2014 02:01am EST 

Riverstone Energy Ltd:Says Canadian Non-Operated Resources Corp has entered into an arrangement with Tourmaline Oil Corp.Says the agreement covers the Peace River High operated area in Alberta, Canada, through which Tourmaline will sell 25 pct of the existing complex (all lands, wells, production, reserves, and facilities) for C$500 million.Says subsequent to deal close, which is expected to occur in Dec. 2014, CNOR will be a 25 pct working interest joint venture partner in the complex and will be responsible for its share of expenditures on a go forward basis.  Full Article

BRIEF-Perpetual energy to dispose off eastern Alberta gas properties

* Perpetual Energy Inc announces strategic disposition of eastern Alberta shallow gas properties