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Tourmaline Oil Corp (TOU.TO)

TOU.TO on Toronto Stock Exchange

20.79CAD
17 Jan 2018
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Latest Key Developments (Source: Significant Developments)

Tourmaline Oil Corp Says ‍Achieved 2017 Exit Target Of 270,000-280,000 Boepd​
Thursday, 11 Jan 2018 

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
Tuesday, 12 Dec 2017 

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
Thursday, 9 Nov 2017 

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 Qtrly loss per share $0.34
Thursday, 4 Aug 2016 

Tourmaline Oil Corp : Tourmaline achieves strong first half growth with a cash flow budget . Qtrly revenue $247.1 million versus $298.7 million . Q2 2016 average production of 185,812 boepd represents a 29% increase over q2 2015 production of 143,634 boepd . Company remains on track for full-year 2016 average production of between 190,000 and 195,000 boepd . Current 2017 production guidance of 215,000 boepd is based on a 12-rig drilling program . Will expand 2017 drilling program should commodity prices generate incremental cash flow in excess of current 2017 forecast of $1.2 billion . Expects strong second half 2016 production growth with over 100 new wells across all 3 core complexes coming on-stream prior to year-end . Current 2017 production guidance of 215,000 boepd . Will expand 2017 drilling program should commodity prices generate incremental cash flow in excess of current 2017 forecast of $1.2 billion . Expects strong h2 2016 production growth with over 100 new wells across all three core complexes coming on-stream prior to year-end . Qtrly loss per share $0.34 .First half 2016 average production of 190,820 boepd, within fy guidance range of 190,000-195,000 boepd and 33% increase over 1h 2015.  Full Article

Tourmaline Oil Corp increases size of bought deal financing
Tuesday, 15 Mar 2016 

Tourmaline Oil Corp:Will now issue 9,000,000 common shares ("Common Shares") at a price of $27.11 per Common Share for gross proceeds of $243,990,000.Net proceeds of the Offering and the private placement will be used to temporarily reduce indebtedness, for general working capital purposes, and to fund potential acquisition opportunities.  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​