March 7 (Reuters) - Tourmaline Oil Corp TOU.TO
* Earns $59.6 million in Q4 2016
* Q4 earnings per share c$0.24
* Q4 2016 production averaged 191,814 boepd, a 13 pct increase over Q3 production and a 7 pct increase over Q4 of 2015
* Company expects average Q1 2017 production of between 230,000 and 235,000 BOEPD
* Tourmaline has an additional 40 wells to bring on-stream during March
* Company's operating costs for 2017 are forecast to average approximately $3.60/BOE
* For 2017, management intends to continue matching capital budget to expected cash flow
* Management believes company has sufficient resources to fund its 2017 exploration and development program Source text for Eikon: ID:nCNWzPKTQa Further company coverage: TOU.TO