May 4 (Reuters) - Tourmaline Oil Corp TOU.TO
* Tourmaline achieves strong earnings as well as record production and cash flow in the first quarter
* Q1 earnings per share c$0.37
* Q1 2017 production of 233,278 boepd, a 22% increase over prior quarter
* Q1 revenue rose 67 percent to c$466.6 million
* Tourmaline oil corp - current daily production is ranging between 240,000 - 245,000 boepd
* expects to bring approximately 32 new wells on production during q2
* first-half 2017 capital budget of $575.0 million will be less than or equal to first-half cash flow
* expects full year 2017 operating expenses per boe to increase slightly over q1 rate
* Tourmaline oil corp - anticipates delivering over 30% production growth in 2017 with full-year capital budget of $1.3 billion
* company's average operating cost target is approximately $3.60/boe in 2017
* management believes company has sufficient resources to fund its 2017 exploration and development program Source text for Eikon: Further company coverage: TOU.TO