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Tourmaline Oil Corp (TOU.TO)

TOU.TO on Toronto Stock Exchange

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Thu, May 4 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

BRIEF-Tourmaline Oil Corp reports Q4 EPS c$0.24

* Q4 2016 production averaged 191,814 boepd, a 13 pct increase over Q3 production and a 7 pct increase over Q4 of 2015

BRIEF-Perpetual increases proved plus probable reserves value by 12 pct

* Perpetual increases proved plus probable reserves value by 12 pct and announces partial repayment and extension of financing arrangement

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