07:29:01 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Tourmaline Oil Corp
Symbol TOU
Shares Issued 339,046,951
Close 2023-05-10 C$ 55.90
Market Cap C$ 18,952,724,561
Recent Sedar Documents

Tourmaline Oil resumes operations at seven plants

2023-05-10 13:18 ET - News Release

Mr. Michael Rose reports

TOURMALINE PROVIDES ADDITIONAL WILDFIRE UPDATE

Tourmaline Oil Corp. has provided an operations update in the wildfire-affected areas of Alberta.

Seven of Tourmaline's nine facilities, previously shut in due to the wildfires, have resumed operations and are operating at previous production rates. The remaining two facilities, West Wolf and Columbia, are undamaged and ready to resume operations; both are awaiting final start-up clearance from the Ministry of Forestry. Net production shut in from these two facilities is approximately 16,000 barrels of oil equivalent per day. The company expects the start-up of these two facilities to commence in the next several days.

Again, Tourmaline would like to thank all those involved in managing the wildfire situation.

About Tourmaline Oil Corp.

Tourmaline is Canada's largest and most active natural gas producer dedicated to producing the lowest-emission and lowest-cost natural gas in North America. The company is an investment-grade exploration and production company providing strong and predictable operating and financial performance through the development of its three core areas in the Western Canadian sedimentary basin. With its existing large reserve base, decades-long drilling inventory, relentless focus on execution and cost management, and industry-leading environmental performance, Tourmaline is excited to provide shareholders an excellent return on capital and an attractive source of income through the company's base dividend and surplus free cash flow distribution strategies.

We seek Safe Harbor.

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