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.

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Tourmaline Oil Corp (Alberta) > Exclusive: Electricity constraints force Canada's first LNG

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Comment by JohnSPon Jan 16, 2023 4:29pm

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Post# 35226502

RE:Exclusive: Electricity constraints force Canada's first LNG

Thank you, that's probably why the LNG Canada consortium hasn't announced FID for Phase 2 . . . while they have permits for gas powered turbines to compress and freeze the natural gas, local support for conversion to electric compression of the gas is waiting on power lines, I assume from BC's new Site C Dam.

Directly impacts BC & Alberta natural gas prodyucers like TOU, albeit long term, need to first get Phase 1 commissioned and ramped up!

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