United States

Tourmaline Oil Corp (TOU.TO)

TOU.TO on Toronto Stock Exchange

22 Sep 2017
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$-0.07 (-0.27%)
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Wed, Aug 2 2017

BRIEF-Tourmaline Q2 earnings per share ‍$0.40​

* Tourmaline more than doubles six month cash flow and continues profitable strong growth

BRIEF-Tourmaline expects average Q2 production volumes of 235,000 to 240,000 boepd

* Currently operating 10 drilling rigs and will ramp to full 18 rig fleet during first half of July​

BRIEF-Tourmaline Oil says Q2 2017 production has averaged 240,000-245,000 BOEPD to date

* Tourmaline oil - fy 2017 annual ep capital spending of $1.33 billion remains unchanged and will generate approximately 30% production growth in 2017

BRIEF-Tourmaline Oil reports Q1 EPS of C$0.37

* Tourmaline achieves strong earnings as well as record production and cash flow in the first quarter

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