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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 idleweisson Feb 14, 2022 8:04am
194 Views
Post# 34425532

Gas

Gas
"Now the government is reviving plans for building a terminal for liquefied natural gas, or LNG, on Germanys northern coast. That proposal, long pushed by Washington, was previously shelved as being too costly. But in recent months, liquefied natural gas, arriving via giant tankers from the United States, Qatar and other locations, has become a vital source of fuel for Europe as supplies piped in from Russia have dwindled. Europe has more than two dozen LNG terminals, including ones in Poland, the Netherlands and Belgium, but the one proposed for Germanys coast would be the countrys first. The government is also considering rules that would require energy companies to maintain a base level of natural gas in reserve. Last week, the amount of natural gas in the countrys storage tanks had dropped to 35 to 36 percent, the government said, below the level considered necessary at the start of February to survive a week of bitter cold. Roughly a quarter of all Germanys natural gas capacity is held in facilities owned by Gazprom, including the countrys largest underground tank."
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