Tourmaline Oil Corp (Alberta) T.TOU

Alternate Symbol(s): TRMLF

Energy Oil & Gas E&P

Tourmaline Oil Corp. is a Canada-based crude oil and natural gas exploration and production company. The Company is focused on long-term growth through an aggressive exploration, development, production and acquisition program in the Western Canadian Sedimentary Basin. It operates in three basins, which include the Alberta Deep Basin, NEBC Montney Gas/Condensate and Peace River Triassic Oil. The Company has ownership interests in 16 natural gas plants in the Alberta Deep Basin. It owns and operates five natural gas processing facilities with an aggregate capacity of approximately 325 million cubic feet per day (MMcf/d) with related gas gathering systems and NGL handling infrastructure at NEBC Montney Gas basin. The Company owns and operates two oil batteries at the Peace River Triassic Oil basin, which handles approximately 48,000 barrels per day of fluids and the associated natural gas is delivered to a third party for processing.

TSX:TOU - Post by User

Tourmaline Oil Corp (Alberta) > Difficulty

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Post by fishcarrieron Dec 30, 2022 10:55am

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Post# 35196934

Difficulty

All right guys, I could stand some help. 1. I see that TOU hopes to produce 527,000 bbls in Q 4 over the 481,000 in Q3. That's an increase of almost 10%. 2. For 2023 TOU hopes to produce an average of 545,000 bbls - 126,000 oil, NGL and liquids, leaving 419,000 bbls of NG. Also a nice increase. Something we tend to forget with our focus on price per mcf.

Now the conundrum for me: TOU hopes to ship 140 mmcf/d to Japan starting on Sunday, rising to 926,000, which perhaps would average out to 533 mmcf/d. Just how mant bbls would that be?

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