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United States

Tourmaline Oil Corp (TOU.TO)

TOU.TO on Toronto Stock Exchange

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Tue, Mar 6 2018

BRIEF-Tourmaline Says Current 2018 Capital Budget Remains At $1.1 Bln

* TOURMALINE GROWS 2017 CASH FLOW BY 65%, DELIVERS EARNINGS OF $346.8 MILLION, AND ANNOUNCES INAUGURAL DIVIDEND IN Q1 2018

BRIEF-Tourmaline Oil To "Accelerate" $20 Million Peace River High Facility Project Into H2 2018

* TOURMALINE OIL - TO "ACCELERATE" A $20.0 MILLION PEACE RIVER HIGH FACILITY PROJECT INTO H2 2018 THAT WILL ADD ABOUT 3,000 BPD OF OIL PRODUCTION PRIOR TO 2018 END Source text for Eikon: Further company coverage:

BRIEF-Tourmaline Oil Forecasts 2018 Average Liquids Production OF 50,000 BPD

* TOURMALINE OIL CORP - ‍Q4 2017 AVERAGE PRODUCTION OF 263,308 BOEPD WAS 11% HIGHER THAN Q3 2017 PRODUCTION AND GENERATED FREE CASH FLOW OF $15.5 MILLION​

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​

BRIEF-Tourmaline Oil Forecasts 2018 Average Production Of 270,000 Boepd

* TOURMALINE OIL - CONTINUE TO FORECAST 2018 AVERAGE PRODUCTION OF 270,000 BOEPD

BRIEF-Tourmaline reports qtrly revenue $410.6 million

* Tourmaline continues profitable growth in q3 2017 and introduces growth/dividend five-year plan

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