United Kingdom

Tourmaline Oil Corp (TOU.TO)

TOU.TO on Toronto Stock Exchange

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Wed, Nov 8 2017

BRIEF-Tourmaline reports qtrly revenue $410.6 million

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

BRIEF-Tourmaline Q2 earnings per share ‍$0.40​

* Tourmaline more than doubles six month cash flow and continues profitable strong growth

BRIEF-Tourmaline expects average Q2 production volumes of 235,000 to 240,000 boepd

* Currently operating 10 drilling rigs and will ramp to full 18 rig fleet during first half of July​

BRIEF-Tourmaline Oil says Q2 2017 production has averaged 240,000-245,000 BOEPD to date

* Tourmaline oil - fy 2017 annual ep capital spending of $1.33 billion remains unchanged and will generate approximately 30% production growth in 2017

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