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)

Bullboard Posts

Post by kijijion Nov 30, 2020 7:21pm

835 Views

Post# 32006142

2020’s top producer based on meters drilled

for the period January-to-September 2020:

Tourmaline Oil Corp. was the top operator across the basin during the first nine months of 2020 based on metres drilled, including experimental/test wells. Tourmaline drilled 615,313 metres to the end of September.

Including exploratory, development and test metres, Tourmaline was the top operator in Alberta with a total of 306,883 metres, and it also led in B.C. with 308,430 metres.

TOU Consensus Price Target: C$25.98.

Bullboard Posts

3 Mid-Sized Stocks to Consider This Season