Investing.com - Financial Markets Worldwide
🚀 ProPicks AI Hits +34.9% Return!Read Now

BRIEF-Tourmaline expects average Q2 production volumes of 235,000 to 240,000 boepd

Published 2017-07-04, 05:05 p/m
© Reuters. BRIEF-Tourmaline expects average Q2 production volumes of 235,000 to 240,000 boepd
TOU
-

July 4 (Reuters) - Tourmaline Oil Corp TOU.TO :

* Tourmaline updates Q2 2017 activities

* Currently operating 10 drilling rigs and will ramp to full 18 rig fleet during first half of July

* Expecting average Q2 2017 production volumes in 235,000-240,000 boepd range

* Approximately 175 new wells will be tied-in during second half of 2017

* Anticipates reaching 250,000 boepd production milestone during second half of August 2017

* Remains on track to achieve full-year 2017 production guidance of 240,000-260,000 boepd

* Planned outages on TCPL and Spectra/Enbridge were both extended longer than originally estimated

* Unplanned shutdown on Alliance system further reduced monthly volumes

* Cash flow, capital spending and cash costs are better or as anticipated for Q2 Source text for Eikon: ID:nCNWYKJqHa Further company coverage: TOU.TO

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.