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Tourmaline Oil Corp (TOU.TO)

TOU.TO on Toronto Stock Exchange

20.62CAD
19 Jan 2018
Change (% chg)

$0.16 (+0.78%)
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Volume
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Latest Key Developments (Source: Significant Developments)

Tourmaline Oil Corp Says ‍Achieved 2017 Exit Target Of 270,000-280,000 Boepd​
Wednesday, 10 Jan 2018 05:37pm EST 

Jan 10 (Reuters) - Tourmaline Oil Corp ::TOURMALINE PROVIDES MARKET UPDATE.TOURMALINE OIL CORP - ‍ACHIEVED 2017 EXIT TARGET OF 270,000-280,000 BOEPD, AVERAGING APPROXIMATELY 274,000 BOEPD IN DECEMBER​.TOURMALINE OIL CORP - ‍ACHIEVED YEAR-OVER-YEAR PRODUCTION GROWTH OF 30% IN 2017, ALSO ON TARGET​.TOURMALINE OIL CORP - LIQUIDS PRODUCTION IS ANTICIPATED TO GROW TO 70,000 BPD-75,000 BPD BY Q4 2019.TOURMALINE OIL CORP - TOTAL Q4 2017 LIQUIDS PRODUCTION GREW BY APPROXIMATELY 60% OVER Q4 2016​.TOURMALINE OIL CORP - INCREASED ITS OIL HEDGES FOR 2018 TO 8,663 BPD AT AN AVERAGE FIXED PRICE OF $53.87 US/BBL.TOURMALINE OIL CORP - COMPANY HAS ELECTED TO LEAVE FIVE YEAR PLAN GUIDANCE UNCHANGED AT THIS TIME.TOURMALINE OIL CORP - ‍CURRENT PRODUCTION IS RANGING BETWEEN 270,000 AND 275,000 BOEPD​.TOURMALINE OIL - ‍Q4 2017 AVERAGE PRODUCTION WAS APPROXIMATELY 263,000 BOEPD​.TOURMALINE OIL CORP - ‍CURRENT TOTAL LIQUIDS PRODUCTION IS APPROXIMATELY 48,000 BPD​.TOURMALINE OIL CORP - EXPECTS TO GENERATE APPROXIMATELY $1.6 BILLION IN FREE CASH FLOW BASED ON CURRENT FIVE-YEAR PLAN.TOURMALINE OIL - CURRENTLY SEES FY 2018 PRODUCTION GROWTH OF ABOUT 10% FROM A CAPITAL PROGRAM EXPECTED TO GENERATE "SIGNIFICANT" FREE CASH FLOW.TOURMALINE OIL - ‍ESTIMATES 2018 AVERAGE PRODUCTION OF 270,000-280,000 BOEPD​.  Full Article

Tourmaline Oil Forecasts 2018 Average Production Of 270,000 Boepd
Monday, 11 Dec 2017 05:00pm EST 

Dec 11 (Reuters) - Tourmaline Oil Corp ::TOURMALINE OIL - CONTINUE TO FORECAST 2018 AVERAGE PRODUCTION OF 270,000 BOEPD.TOURMALINE OIL - ACHIEVED 2017 EXIT PRODUCTION TARGET OF 270,000 BOEPD ON DECEMBER 1.TOURMALINE - CURRENT PRODUCTION IS 277,000 BOEPD; FURTHER EP ACTIVITIES EXPECTED TO GROW PRODUCTION TO EXCESS OF 280,000 BOEPD BY DEC.-END.  Full Article

Tourmaline reports qtrly revenue $410.6 million
Wednesday, 8 Nov 2017 05:00pm EST 

Nov 8 (Reuters) - Tourmaline Oil Corp ::Tourmaline continues profitable growth in q3 2017 and introduces growth/dividend five-year plan.Q3 earnings per share C$0.19.Tourmaline Oil Corp - ‍Q3 average production was 236,905 boepd - a 40pct increase over q3 2016​.Tourmaline Oil Corp - ‍expecting 2018 production to average between 270,000 boepd and 280,000 boepd​.Tourmaline Oil Corp - ‍expecting 2017 full-year production to average between 240,000 boepd and 250,000 boepd​.Tourmaline Oil Corp - qtrly revenue $410.6 million versus $304.5 mln‍​.  Full Article

Tourmaline Q2 earnings per share ‍$0.40​
Wednesday, 2 Aug 2017 05:00pm EDT 

Aug 2 (Reuters) - Tourmaline Oil Corp :Tourmaline more than doubles six month cash flow and continues profitable strong growth.Quarterly revenue rose 94 percent to c$479.3 million.Tourmaline Oil Corp says ‍Q2 2017 production of 235,540 boepd was up 27% over Q2 2016 production of 185,812 boepd​.Tourmaline Oil Corp says ‍Q2 2017 liquids production of 36,127 bpd was up 60% over Q2 2016 liquids production of 22,640 bpd​.Tourmaline Oil Corp says ‍continues on track to achieve full-year 2017 average production of 240,000-260,000 boepd​.Tourmaline Oil Corp says ‍anticipating reaching 250,000 boepd milestone in second half of August​.Tourmaline Oil Corp says ‍remains on track to execute a $1.3 billion 2017 EP capital program​.Tourmaline Oil Corp says ‍2018 EP capital program has been reduced from $1.79 billion to $1.52 billion​.Tourmaline Oil Corp sees ‍2018 average annual production of 280,000-300,000 boepd​.Qtrly earnings per share ‍$0.40​.  Full Article

Tourmaline expects average Q2 production volumes of 235,000 to 240,000 boepd
Tuesday, 4 Jul 2017 05:00pm EDT 

July 4 (Reuters) - Tourmaline Oil Corp ::Tourmaline updates Q2 2017 activities.Currently operating 10 drilling rigs and will ramp to full 18 rig fleet during first half of July​.Expecting average Q2 2017 production volumes in 235,000-240,000 boepd range.‍Approximately 175 new wells will be tied-in during second half of 2017​.Anticipates reaching 250,000 boepd production milestone during second half of August 2017.Remains on track to achieve full-year 2017 production guidance of 240,000-260,000 boepd​.‍Planned outages on TCPL and Spectra/Enbridge were both extended longer than originally estimated​.Unplanned shutdown on Alliance system further reduced monthly volumes​.Cash flow, capital spending and cash costs are better or as anticipated for Q2​.  Full Article

Tourmaline Oil says Q2 2017 production has averaged 240,000-245,000 BOEPD to date
Monday, 29 May 2017 05:00pm EDT 

May 29 (Reuters) - Tourmaline Oil Corp :Tourmaline oil - fy 2017 annual ep capital spending of $1.33 billion remains unchanged and will generate approximately 30% production growth in 2017.Plans to operate 18 rigs in 2h 2017, with an estimated 175 new wells completed and brought on production by year end.Tourmaline oil corp - q2 2017 production has averaged 240,000-245,000 boepd to date which is already within fy average guidance of 240,000-260,000 boepd.  Full Article

Tourmaline Oil reports Q1 EPS of C$0.37
Thursday, 4 May 2017 05:00pm EDT 

May 4 (Reuters) - Tourmaline Oil Corp :Tourmaline achieves strong earnings as well as record production and cash flow in the first quarter.Q1 earnings per share c$0.37.Q1 2017 production of 233,278 boepd, a 22% increase over prior quarter.Q1 revenue rose 67 percent to c$466.6 million.Tourmaline oil corp - current daily production is ranging between 240,000 - 245,000 boepd.expects to bring approximately 32 new wells on production during q2.first-half 2017 capital budget of $575.0 million will be less than or equal to first-half cash flow.expects full year 2017 operating expenses per boe to increase slightly over q1 rate.Tourmaline oil corp - anticipates delivering over 30% production growth in 2017 with full-year capital budget of $1.3 billion.company's average operating cost target is approximately $3.60/boe in 2017.management believes company has sufficient resources to fund its 2017 exploration and development program.  Full Article

Tourmaline Oil Corp reports Q4 EPS c$0.24
Tuesday, 7 Mar 2017 05:00pm EST 

Tourmaline Oil Corp : Earns $59.6 million in Q4 2016 . Q4 earnings per share 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 . Company expects average Q1 2017 production of between 230,000 and 235,000 BOEPD . Tourmaline has an additional 40 wells to bring on-stream during March . Company's operating costs for 2017 are forecast to average approximately $3.60/BOE . For 2017, management intends to continue matching capital budget to expected cash flow .Management believes company has sufficient resources to fund its 2017 exploration and development program.  Full Article

Tourmaline Oil Corp increases 2P reserves 64% in 2016 to reach 1.75 billion barrels of oil equivalent
Wednesday, 22 Feb 2017 05:00pm EST 

Tourmaline Oil Corp : Tourmaline Oil Corp increases 2P reserves 64% in 2016 to reach 1.75 billion barrels of oil equivalent . Tourmaline Oil Corp says current daily production is approximately 235,000 boepd . Tourmaline Oil Corp says expects average Q1 2017 production of between 230,000 and 235,000 boepd . Tourmaline Oil Corp says anticipated average annual production guidance for 2017 of 240,000-260,000 boepd . Tourmaline Oil Corp says in total, company expects to bring 75-80 new wells on-stream during q1 of 2017 . Tourmaline Oil Corp says 2016 annual production growth was 20% over 2015 .Tourmaline Oil Corp says company expects an exit 2017 debt-to-cash flow of approximately 1.0 times.  Full Article

Perpetual increases proved plus probable reserves value by 12 pct
Thursday, 9 Feb 2017 08:00am EST 

Perpetual Energy Inc : Perpetual increases proved plus probable reserves value by 12 pct and announces partial repayment and extension of financing arrangement . Perpetual Energy - announces partial repayment, refinancing of its financial arrangement previously secured by 840,619 of co's shares of Tourmaline Oil Corp .Perpetual Energy - sold Tourmaline Oil Corp shares for net proceeds of $5.7 million, reduced loan amount outstanding to $18.9 million, extended maturity to Aug 1, 2017.  Full Article

BRIEF-Tourmaline Oil Corp Says ‍Achieved 2017 Exit Target Of 270,000-280,000 Boepd​

* TOURMALINE OIL CORP - ‍ACHIEVED 2017 EXIT TARGET OF 270,000-280,000 BOEPD, AVERAGING APPROXIMATELY 274,000 BOEPD IN DECEMBER​