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Tourmaline Oil Corp (TOU.TO)

TOU.TO on Toronto Stock Exchange

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$0.42 (+1.34%)
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Volume
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Latest Key Developments (Source: Significant Developments)

Tourmaline Oil Corp reports third quarter results and updates EP activities
Monday, 14 Nov 2016 05:00pm EST 

Tourmaline Oil Corp : Tourmaline Oil Corp reports third quarter results and updates EP activities . Tourmaline Oil Corp says has approved a $1.35 billion 2017 capital program, pro forma shell Canada acquisition . Tourmaline Oil Corp says expects to achieve 2016 exit production target of 210,000-215,000 boepd in late November . Tourmaline oil corp says pro forma shell Canada transaction, Tourmaline is expecting average production between 250,000 and 260,000 boepd in 2017 . Tourmaline Oil Corp says expecting a further 20-25% growth in production in 2018. . Tourmaline Oil Corp says qtrly natural gas production 895,256 mcf/d versus 786,910 mcf/d . Tourmaline Oil Corp says qtrly oil equivalent production 169,347 boe/d versus 150,297 boe/d . Tourmaline Oil says now expecting full-year 2017 average production of 225,000 boepd, up from 215,000 boepd previously, not including shell Canada deal . Tourmaline Oil Corp says qtrly earnings per share $0.10 .Tourmaline Oil Corp says qtrly crude oil and ngl production 20,138 bbl/d versus 19,146 bbl/d.  Full Article

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