Exploration & Production | Top Story | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update
Tourmaline Talks 2014 Canadian Ops; Outlines Rig Fleet
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Tourmaline Oil Corp. achieved exceptional growth in reserves (41%), production (47%) and cash flow (88%) in 2013 while delivering strong profitability.
The Company posted significant after-tax earnings of $148.1 million for the 2013 fiscal year.
Additionally, Tourmaline has reported information on its 2014 operations.
Highlights: Record full year after tax earnings of $148.1 million ($0.79 per diluted share), an 854% increase over 2012, and record quarterly after tax earnings of $56.8 million in the fourth quarter, underscoring the fundamental full cycle profitability of Tourmaline's natural gas business. 2013 cash flow of $526.8 million ($2.80 per diluted share), an 88% increase over 2012 (67% per diluted share). Record quarterly cash flow of $160.7 million ($0.83 per diluted share) in…- ✓ Full news archive — U.S., Canada & international coverage
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