TOURMALINE OIL CORP. IS A CANADIAN SENIOR CRUDE OIL AND NATURAL GAS EXPLORATION AND PRODUCTION COMPANY
We are focused on long-term growth through an aggressive exploration, development, production and acquisition program in the Western Canadian Sedimentary Basin.
Tourmaline's business strategy is to maximize shareholder value by increasing reserves, production and cash flows through the exploitation and development of a continually growing asset base.
Tourmaline seeks to execute this strategy by:
- aggressively drilling and developing its extensive undeveloped land position;
- employing advanced drilling and completion techniques;
- optimizing returns by focusing on operational and cost efficiencies;
- pursuing strategic acquisitions with significant potential synergies; and
- wildcat exploration drilling for new pool discoveries.
TOURMALINE OIL CORP. RELEASED Q3 INTERIM RESULTS ON NOVEMBER 14, 2016 AFTER MARKET CLOSE.
A conference call discussing results was held at 0800 hr MT on November 15, 2016. To replay the conference call dial 1-(855) 859-2056 and specify your interest in the Tourmaline Oil Corp. Q3 interim results conference call ID# 91127771.
December 5, 2016 Update - Tourmaline has implemented our emergency response action plan and have control of our well North of Grande Prairie.
Impact is minimal and has been localized to one well site. There are no injuries to workers and the general public was not impacted.
Our efforts at this time are focused on returning to daily operations.
December 5, 2016 - Tourmaline Oil Corp. is currently handling a well control issue on a service rig working north of Grande Prairie, Alberta.
The release is confined to the worksite and all workers have been moved to a safe area. There are no residents within the emergency planning zone and the general public is not at risk.
Tourmaline has an action plan in place and is mobilizing resources to secure the well and minimize any environmental impact.
All regulatory authorities have been notified and are being updated on an ongoing basis.