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BRIEF-Tourmaline Says revised full year average 2015 production of between 155,000-160,000

Published 2015-10-14, 05:29 p/m
© Reuters. BRIEF-Tourmaline Says revised full year average 2015 production of between 155,000-160,000
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Oct 14 (Reuters) - Tourmaline Oil Corp TOU.TO :
* Updates 2016 and 2017 guidance
* Says in 2016, Tourmaline expects production to average 200,000 boepd with
annual ep capital spending of $1.1 billion
* Says revised full year average 2015 production of between 155,000-160,000
boepd
* Says if natural gas prices are in excess of $3.50/mcf (aeco) in 2016, expects
average production of 220,000 boepd
* Currently operating 18 drilling rigs throughout three core complexes, and
plans to reduce this rig fleet to 15 by year end
* Says expects to tie-in a total 89 new wells during the fourth quarter of 2015

* Source text for Eikon ID:nCCN7PFSmm

* Further company coverage TOU.TO

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