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Tourmaline Oil Corp (Alberta) T.TOU

Alternate Symbol(s):  TRMLF

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

Post by xauxag9on Aug 25, 2017 3:07pm
129 Views
Post# 26622873

Hurricane Harvey upgraded to CAT 3....probably nothing

Hurricane Harvey upgraded to CAT 3....probably nothingThe offshore platforms are not expected to be affected, but they don't produce that much oil anyways. The supply problem will be with Eagleford and the Permian Basin, where the big chunk of output is located. Rain expected to linger for a long time so many oil fields will be inaccessible due to deep mud. Imported oil coming in by tanker will be delayed till navigation improves. Let's hope not too many Texan homes get flooded.
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