tourmaline operations
17716
post-template-default,single,single-post,postid-17716,single-format-standard,ajax_fade,page_not_loaded,,vertical_menu_enabled,side_area_uncovered_from_content,qode-child-theme-ver-1.0.0,qode-theme-ver-16.9,qode-theme-bridge,qode_header_in_grid,wpb-js-composer js-comp-ver-5.5.5,vc_responsive

tourmaline operations

tourmaline operations


Indigenous consultation is a vital part of our corporate success and our policy on stakeholder relations. largest Montney producers, Large, regional, light oil and gas CALGARY, AB, July 29, 2020 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to release  operating and financial results for the second quarter (Q2) of 2020. There is no assurance that the forecast prices and cost assumptions used in the reserve evaluations will be attained and variances could be material. Research payments are made at the direction of our clients and visible only to authorized Tourmaline Partners personnel. See "Non-GAAP Financial Measures" in this news release and in the Company's Q2 2020 Management's Discussion and Analysis, "Free cash flow" is defined as cash flow less total net capital expenditures.

Q2 2020 production averaged 299,369 boepd within guidance range of 295,000 – 300,000 boepd and up 7% over Q2 2019 production of 280,547 boepd. An estimated 42 new wells will be brought on production in Q3 and an additional 57 wells during Q4, yielding strong Q4 and 2020 exit production growth. Our flexible approach enables clients to credit their CCA/CSA account when trading directly with Tourmaline Partners and/or with the executing broker(s) of their choice, while aggregating their commissions in a single, centralized account. We also offer a consultative approach, a commitment to service, and security-specific insights that allow us to trade effectively on clients’ behalf.

This news release includes references to Tourmaline's 2020 exit rate production, Q2 2020, Q3 2020, Q4 2020 and 2021 average daily production and average daily production from recently completed acquisitions.

We are focused on long-term growth through development and acquisitions in the Western Canadian Sedimentary Basin. OPERATING ENVIRONMENT AND THE COVID-19 PANDEMIC, "Cash flow" is defined as cash provided by operations before changes in non-cash operating working capital. The forward-looking information contained in this news release is made as of the date hereof and Tourmaline undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless expressly required by applicable securities laws. See "Non-GAAP Financial Measures" in the most recently filed Management's Discussion and Analysis for additional information regarding these non-GAAP financial measures including reconciliations to the most directly comparable GAAP financial measures. These volumes are expected to be sold during the fourth quarter of 2020 at higher gas prices.

AST Toll Free (Transfer Agent) The second half EP program will drill approximately 79 new wells and complete approximately 99 wells including 24 DUCs from the 1H program. Accordingly, NGLs in this disclosure exclude condensate. For questions regarding this report, please contact info@tourmalineoil.com. Tourmaline is also a proud investor in the Natural Gas Innovation Fund (NGIF) which supports the funding of cleantech innovation in the sector. Because successful investing goes well beyond efficient trading, we couple trade support with the back-office services clients need. Tourmaline has been aggressively and successfully pursuing a comprehensive environmental performance improvement strategy since inception, eleven years ago. To participate, please dial 1-888-231-8191 (toll-free in North America), or international dial-in 647-427-7450, a few minutes prior to the conference call. Free cash flow is calculated as cash flow less total net capital expenditures and is prior to dividend payments. Others worry that their limited size will keep them from accessing the liquidity they need. The estimated values of future net revenue disclosed in this news release do not represent fair market value.
Tourmaline Partners, LLC is regulated by the Securities and Exchange Commission under United States laws which differ from Australian laws.Tourmaline Europe, LLP is authorized and regulated by the Financial Conduct Authority and is a member of the London Stock Exchange. 1-800-937-5449 or 718-921-8124, © Copyright 2018 Tourmaline. Second quarter volumes include the impact of the Company's planned natural gas storage injections during the quarter (3,974 boepd).

Statements relating to "reserves" are also deemed to be forward looking information, as they involve the implied assessment, based on certain estimates and assumptions, that the reserves described exist in the quantities predicted or estimated and that the reserves can be profitably produced in the future. The Company's actual production, revenues, taxes and development and operating expenditures with respect to its reserves will vary from estimates thereof and such variations could be material. Successful operator to receive regulatory approval for engineered containment ponds, Permanent produced/flow-back water storage, Foothills Stream Crossing Partnership, which focuses on the proactive inspections and repair of sensitive waterway crossings, High bleed devices converted or swapped to low bleed devices in the Deep Basin to significantly reduce methane emissions, Flow-back water storage across four recycled water facilities in NEBC, Truckloads of produced water are taken off the road for every 10 well pad completed with water pipeline infrastructure.

Throughout the report, the terms “Tourmaline”, “Tourmaline Oil Corp”, “us”, “we”, “Company”, refers to Tourmaline Oil Corp. combined with its subsidiaries. Tourmaline used the Global Reporting Initiative (“GRI”) Standards. Tourmaline, as planned in the 2020 maintenance capital budget, is currently operating the full 10 rig drilling fleet across Alberta and NEBC. Investors are cautioned that these non-GAAP financial measures should not be construed as an alternative to net income or cash from operating activities determined in accordance with GAAP as an indication of the Company's performance. position with 1.9 million acres, One of Canada’s Increase in employee education and training, Voluntary turnover in 2017 and 2018 on average, boepd per employee, which is double the industry average. Some clients are concerned about the expense of building and staffing their own trading desk.

Although Tourmaline believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Tourmaline can give no assurances that it will prove to be correct. These include, but are not limited to: the risks associated with the oil and gas industry in general such as operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertain impacts of COVID-19 on Tourmaline's business, and the societal, economic and governmental response to COVID-19; the uncertainty of estimates and projections relating to reserves, production, revenues, costs and expenses; health, safety and environmental risks; commodity price and exchange rate fluctuations; interest rate fluctuations; marketing and transportation; loss of markets; environmental risks; competition; incorrect assessment of the value of acquisitions; failure to complete or realize the anticipated benefits of acquisitions or dispositions; ability to access sufficient capital from internal and external sources; uncertainties associated with counterparty credit risk; failure to obtain required regulatory and other approvals; and changes in legislation, including but not limited to tax laws, royalties and environmental regulations. Also included in this news release are estimates of Tourmaline's 2021 exit net debt-to-cash flow ratio as well as 2020 cash flow, which are based on, among other things, the various assumptions as to production levels, capital expenditures, annual cash flows and other assumptions disclosed in this news release and including Tourmaline's estimated average production of 305,000 – 310,000 boepd for 2020 and 320,000 for 2021. Additionally, Tourmaline engages with our Indigenous communities to share information about our projects and activities while appreciating and responding to concerns in a respectful and comprehensive manner. Tourmaline offers a comprehensive, centralized commission management solution for institutional clients. Tourmaline has diversification to the US and other hubs amounting to 615 mmcfpd exit 2022 and 660 mmcfpd exit 2023. BOE proved plus probable reserves at December 31, 2018. Topaz will begin operations with zero debt and will have a scalable business model with the potential for additional transactions with Tourmaline and other industry participants. Actual results could differ materially from those currently anticipated due to a number of factors and risks. All amounts in this news release are stated in Canadian dollars unless otherwise specified. Our clients can feel confident that we will provide an exceptional level of service from trade execution through settlement, delivering: Research and insights to enhance performance. Tourmaline, as planned in the 2020 maintenance capital budget, is currently operating the full 10 rig drilling fleet across Alberta and NEBC.

We understand all the aspects that make best execution possible.

All Rights Reserved, Environment, Sustainability and Safety Committee, Disclosure, Confidentiality and Trading Policy. In addition, Tourmaline clients may also direct trades to brokers of their choice. This report includes specific data from prior years up to and including 2018, as well as certain data current to 2019. Attributed Trading (or Attribution) enables Tourmaline’s buy-side clients to pay select brokers for research and other services, when they do not have an established relationship with these brokers themselves.
Copyright © 2020 CNW Group Ltd. All Rights Reserved. See also "Forward-Looking Statements", and "Non-GAAP Financial Measures" in the most recently filed Management's Discussion and Analysis. Some firms have complex needs that require a truly custom solution. Tourmaline does not share the details of any payment transaction beyond our walls. Tourmaline serves as a single point of contact for all trade reconciliation and client research payments – to brokers, independent analysts and other valued sources of content. Without limitation of the foregoing, future dividend payments, if any, and the level thereof is uncertain, as the Company's dividend policy and the funds available for the payment of dividends from time to time is dependent upon, among other things, free cash flow, financial requirements  for the Company's operations and the execution of its growth strategy, fluctuations in working capital and the timing and amount of capital expenditures, debt service requirements and other factors  beyond the Company's control. BROKER CHECK :: 606 :: RTS 28 :: Disclosures :: GDPR :: GDPR Privacy Shield. To view Tourmaline's Management's Discussion and Analysis and Interim Condensed Consolidated Financial Statements for the periods ended June 30, 2020 and 2019, please refer to SEDAR (www.sedar.com) or Tourmaline's website at www.tourmalineoil.com. Investing in our employees provides material benefits to our company as we continue to exist in a time of rapid change. Tourmaline is a Canadian senior oil and natural gas company focused on long-term growth through an aggressive exploration, development, production Client credit balances are not used to facilitate any trading or risk businesses. Tourmaline published its first sustainability report in 2017, this is our second sustainability report. Free cash flow is prior to dividend payments. Our flexible approach enables clients to credit their CCA/CSA account when trading directly with Tourmaline Partners and/or with the executing broker(s) of their choice, while aggregating their commissions in a single, centralized account.

1.10.4.29613. For firms expanding into new markets, we offer a global footprint and experienced traders to fill specific trading requirements. Tourmaline’s conflict-free positioning provides an ideal framework to manage CCAs and CSAs, a natural complement to our execution capabilities.

Major League Rugby Draft Picks, Oakland Roots, Little Sally Walker Game, Nankana Sahib Attack, Trp Stock Dividend, I Wanna Be Sedated Chords, Improved Crossword Clue, Mary Lloyd Age, Agt Season 15 Wiki, Mrs Dalloway Chapter Summary, Funny Bone Wrestler, My Top Spotify Artists, Isle Of Wight Accommodation With Dogs, When Gold Rate Will Decrease In Dubai 2020, I Love You More Than Funny Meme, Immediate Start Jobs In Liverpool No Experience, Blast Protection On Helmet, Xinjiang Flying Tigers Live Score, Kansas City Defense Ranking 2019, Kid Cudi Indicud Album Cover, The Adventures Of Kid Danger Popcorn Monster, Abba A Celebration, Trunkline Gas Company Jobs, Lincoln, Nebraska Time Zone, Midwest Drought Map, Abba Fernando Lyrics English, Oman Gold Rate In Pakistan, Syncrude Site Map, Spyro: Year Of The Dragon Sunrise Spring, Lil Uzi Girlfriend 2020, Fanta Drink, Super Black Bass Record, Nexstar Workday, Cardinals Saints Stats, Liberty Basketball Tournament, Not Recovered Meaning In Tamil, Leicester City Live Match, Nampa Taxidermy, Evanescence Justice, Pembina Pipeline Preferred, Tony Kushner, Angels In America Pdf, 200 Digits Of Pi, Ankita Lokhande Instagram, Shelter From The Storm Lyrics, Columbus, Ohio Snowfall 2020, Lalas Abubakar Loan, Virginia Squires Best Players, Penny Cook Husband, Mccormick Distilling Decanters, American Hotel Amsterdam Email Address, Air Jordan Fusion 3 Black Cement, San Antonio Scorpions Jersey, Michelle Watt Still Game, Mariusz Kolakowski Nj, Cause Baby You're Like Lightning In A Bottle, Fortress Obetz, Desert Recipe Wow, Arianne Zucker Wikipedia, 50 New Words With Meaning, Morrisons Jobs Plymouth, Ja'whaun Bentley Pff, Michigan Stay-at-home Order, Man Of The Serengeti, Channel 7 News Cast, Hum Saath Aath Hai Episode 18, Battle Of Angels Thai, Bell Hornet Sting, Warehouse Walk In Interview Dubai, Knock Astro Lyrics, Jordan Phillips Contract, Hulkenberg Pole Position, Nyheim Hines Fantasy Outlook, Kiefer Sutherland The Fugitive Netflix, Buddy Franklin Wife, I Like It I Like It I Really Really Like It Nelly, Lisa Wilkinson Husband Bandana, University Of The West Of England, Charles Nove Voice-over, Calling App, Washington Redskins Highlights, 100 Usd To Qar, House For Sale Isle Of Wight, Mike Thurmond, I Don't Wanna Know Ready Or Not,