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Tourmaline Oil Corp (TOU.TO)

TOU.TO on Toronto Stock Exchange

29 Jul 2016
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$0.63 (+1.92%)
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Wed, Jun 15 2016

BRIEF-Tourmaline says plans to run 5-6 rigs in Alberta Deep Basin in Q3

* Tourmaline Oil Corp provides operations and financial update

BRIEF-Perpetual Energy announces swap of $62.5 mln senior notes for Tourmaline Oil

* Swapped additional $62.5 million aggregate principal amount of senior notes pursuant to previously announced securities swap proposal

BRIEF-Perpetual Energy swaps an additional $2.0 mln of 8.75 pct senior notes for Tourmaline Oil shares

* Swaped an additional $2.0 million of 8.75% senior notes for tourmaline oil corp. Shares and extends securites swap proposal acceptance date

BRIEF-Tourmaline Oil Corp qtrly daily production of 195,828 BOEPD, a 36% increase

* Qtrly total revenue from natural gas, oil and NGL sales $279.1 million, down 13 percent

BRIEF-Perpetual Energy swaps $150 mln of 8.75 pct senior notes for Tourmaline Oil shares

* Perpetual successfully swaps $150 million of 8.75 pct senior notes for Tourmaline Oil Corp. shares, proposes a new minimum swap amount of $175 million and maximum swap amount of up to $235 million Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)

BRIEF-Perpetual Energy announces credit facility reduction, note-swap proposal

* Revolving credit facility with a syndicate of banks will be reduced from $20 million to $6 million

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