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Tourmaline Oil Corp (Alberta) T.TOU

Alternate Symbol(s):  TRMLF

Energy Oil & Gas E&P
Tourmaline Oil Corp. is a natural gas producer, which is focused on producing natural gas in North America. 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. It has ownership interests in 22 natural gas plants in the Alberta Deep Basin. It owns and operates seven natural gas processing facilities with an aggregate capacity of approximately 1.0 Bcf/d with related gas gathering systems and NGL handling infrastructure in the NEBC complex. The Company owns and operates two oil batteries in the Peace River Triassic Oil basin. The Company’s operations are focused on northeast British Columbia and include a large contiguous land base with a Montney resource. Its Montney area assets include Septimus / West Septimus, Groundbirch, Monias and Tower.


TSX:TOU - Post by User

Tourmaline Oil Corp (Alberta)
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Post by oldrancheron Dec 10, 2015 12:40pm
174 Views
Post# 24373466

But, Jim Gray made money at $1.35 a barrel !

But, Jim Gray made money at $1.35 a barrel !Matt,

Jim says that horizontal drilling changes all assumptions, and costs are being substantially reduced,
 so can we really forcast oil back up to 40 bucks?  maybe not:

https://www.cbc.ca/news/business/jim-gray-oilpatch-1.3357704


Bullboard Posts
Dealroom for high-potential pre-IPO opportunities