Feb 2 (Reuters) - Tourmaline Oil Corp TOU.TO :
* Announces deep basin acquisition and reduces 2016 ep budget
* Says has acquired assets for approximately $183 million cdn in the
minehead-edson-ansell area of the Alberta deep basin
* Says reduce the current $1.1 billion 2016 ep capital program by $175 million
* Says current production from the assets is ranging between 4,500 and 5,000
boepd
* Says plans to redirect this gas to the company's three gas plants at
banshee-edson-ansell during the first half of 2016
* Says 2016 cash flow from the acquisition is estimated at between $30 and $35
million
* Will reduce the current $1.1 billion 2016 ep capital program to $925 million
* Says acquisition will not increase the overall 2016 capital program, exit
debt levels, or the anticipated corporate debt to cash flow level
* All figures in c$
* Source text for Eikon ID:nMKWZ76bra
* Further company coverage TOU.TO