Although Tourmaline believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Tourmaline can give no assurances that it will prove to be correct. { "d": "TSX Venture" The Calgary-based company will pay for the assets with about $1 billion in cash, funded in part through $739 million in financing also announced Thursday, and the rest in shares. Tourmaline acquired a 75% working interest in a 13 section block of acreage (including 3D seismic) adjacent to the Company’s Gundy complex for $49 million in Q4 2019. Tourmaline acquired Polar Star Canadian Oil and Gas Inc. (“Polar Star”) on February 14, 2020 for total cash consideration of $9.0 million, plus working capital adjustments. Tourmaline Oil has given the green light to expand a brand new natural gas processing plant in northeast B.C. “General and administrative expenses” (“G&A”) exclude interest and financing charges. See “Non-GAAP Financial Measures” in this news release. Oilsands & Heavy Oil. "title": "Commodities", "s": "TVC:USOIL+NYMEX:WCW1! Tourmaline continues to employ multiple new technologies and field approaches to reduce drill-and-complete capital costs. He added that Gundy has superior economics compared to Tourmaline’s other operating areas, with operating costs less than $3.00/boe. We know Doug Schweitzer is a pretty busy fellow these days, what with his new job as Alberta’s Minister of…, The last couple of weeks have brought a steady stream of new pledges to achieve net-zero carbon emissions within the…, A move into renewables will give the world’s biggest commodities traders access to more capital as banks reassess their lending…. "gridLineColor": "#e9e9ea", “Cash flow” is defined as cash provided by operations before changes in non-cash operating working capital. "largeChartUrl": "http://energynow.ca/data/", "belowLineFillColorFalling": "rgba(255, 74, 104, 0.05)", Boes may be misleading, particularly if used in isolation. }, }, Other Selected Commodities { "s": "OANDA:NATGASUSD", "s": "INDEX:TTEN", Tourmaline continues to reduce completed and stimulated well costs. The ramp up increased overall corporate liquids production (oil, condensate, NGL) to an average of 61,000 – 62,000 bbls/d in September. Tourmaline also has the ability to double the capacity of the forthcoming Gundy plant. { ACQUISITION PROGRAM FUNDING. "symbols": [ "s": "FX_IDC:CADUSD", "d": "DOW JONES Index" { The lands offset the Company’s highest deliverability, most liquid-rich lands at South Gundy. ($000, except share and per share), Total revenue from commodity sales Tourmaline maintains operations in three core areas: 2021 Canada Gas & LNG Exhibition & Conference Call For Abstracts Now Open! Market quotes are powered by The Company has entered into a definitive agreement to acquire a public oil and gas producer, has also acquired a private oil and gas company and has completed a small complementary asset transaction at Gundy. Tourmaline acquired a 75% working interest in a 13 section block of acreage (including 3D seismic) adjacent to the Company’s Gundy complex for $49 million in Q4 2019. Shell said the assets were non-core and it still has about 262,000 hectares of shale properties in Canada, but the deal does represent a further narrowing of its Canadian operations after cancelling its Carmon Creek oilsands project last October and indefinitely deferring its LNG Canada project in July. { The large Gundy Montney development project is the only significant EP project for the Company in Q2 2019. Find out what's happening in your community and submit your own local events. Such rates are based on field estimates and may be based on limited data available at this time. Tourmaline’s natural gas diversification and hedging strategies provided an average realized natural gas price of, Tourmaline anticipates total Q2 2019 EP capital expenditures of, With the early start-up of the Gundy plant providing a modest production cushion and continued reduction of per-well capital costs, the Company has decided to reduce the full-year 2019 capital program by a further, The Company has decided to increase the quarterly cash dividend to.
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