Operational Updates
Tourmaline Oil Provides Montney Drilling Update
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Tourmaline Oil Corp. is pleased to announce results for the six months ended June 30, 2012 and provide an update on its 2012 EP program.
Production Outlook
Second quarter 2012 production was a record 51,022 boepd, an 81% increase over second quarter 2011 and a 9% increase from the first quarter of 2012. Oil and liquid production of 6,560 bopd in the second quarter of 2012 represented a 119% increase over second quarter 2011 volumes.
Full-year 2012 average production guidance was increased to 50,000 boepd from 47,000 boepd during the first quarter of 2012; production for the year is now expected to average between 50,000 and 51,500 boepd. The Company is targeting a 2012 exit production level of between 55,000 and 57,500 boepd.
Sunrise-Dawson, BC / Montney
Tourmaline plans to operate one rig…
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