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Tourmaline Oil Corp (Alberta) T.TOU

Alternate Symbol(s):  TRMLF

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

Comment by CriticalMind55on Jan 13, 2024 2:04pm
207 Views
Post# 35825257

RE:Where’s the Special this year

RE:Where’s the Special this yearI am sure next week this time, we will know, my guess range 0.75 -1.25, any thing above 1.25 Special Div.  would be due to "the Tourmaline Oil Corp. has recently acquired assets of Saguaro Resources Ltd. in the Laprise-Conroy North Montney play area of NEBC for cash consideration of $205 million 1. The acquired assets consist of net average production of 9,000 boepd in March 2021 with Q4 2021 anticipated production levels of 12,500 boepd after approximately $35 million of net 2H 2021 capital expenditures, proved plus probable (2P) reserves of 187.1 mmboe (internally estimated at December 31, 2020), 645 gross future Montney horizontal locations, and a 50% working interest in, and operatorship of, existing Saguaro facilities 12. The acquired Saguaro assets are expected to generate a free cash flow yield of approximately 17% in 2022 at April 30, 2021 strip pricing 1."
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