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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Comment by Northforce13on Dec 02, 2019 5:19pm

84 Views

Post# 30414905

RE:This was the old 5 year plan

Looks like the "drill baby drill!!!!" plan

Production increasing 7%+ per year while nat gas demand in Canada increases at 3%(?) per year (not sure based on PEY presentation)...

I wonder what happens to the price of AECO when big producers want to increase production at 7% per year while demand only increases 3% per year.

DRILL BABY DRILL!!! GOTTA GROW GROW GROW!!!

Very responsible.

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