Aug 3 (Reuters) - Tourmaline Oil Corp
* Tourmaline achieves strong first half growth with a cash flow budget
* Qtrly revenue $247.1 million versus $298.7 million
* Q2 2016 average production of 185,812 boepd represents a 29% increase over q2 2015 production of 143,634 boepd
* Company remains on track for full-year 2016 average production of between 190,000 and 195,000 boepd
* Current 2017 production guidance of 215,000 boepd is based on a 12-rig drilling program
* Will expand 2017 drilling program should commodity prices generate incremental cash flow in excess of current 2017 forecast of $1.2 billion
* Expects strong second half 2016 production growth with over 100 new wells across all 3 core complexes coming on-stream prior to year-end
* Current 2017 production guidance of 215,000 boepd
* Will expand 2017 drilling program should commodity prices generate incremental cash flow in excess of current 2017 forecast of $1.2 billion
* Expects strong h2 2016 production growth with over 100 new wells across all three core complexes coming on-stream prior to year-end
* Qtrly loss per share $0.34
* First half 2016 average production of 190,820 boepd, within fy guidance range of 190,000-195,000 boepd and 33% increase over 1h 2015 Source text for Eikon: ID:nCNWHWL17a Further company coverage: TOU.TO