May 8 (Reuters) - Tourmaline Oil Corp TOU.TO :
* TOURMALINE REALIZES RECORD PRODUCTION AND INCREASES DIVIDEND
* Q1 EARNINGS PER SHARE C$0.32
* SETS QUARTERLY CASH DIVIDEND OF C$0.12PER SHARE
* SETS QUARTERLY CASH DIVIDEND OF C$0.12PER SHARE
* Q1 2019 PRODUCTION AVERAGED 293,434 BOEPD, A 9% INCREASE OVER Q1 2018
* DECIDED TO INCREASE QUARTERLY CASH DIVIDEND BY 20% TO $0.12 PER COMMON SHARE FROM $0.10 PER COMMON SHARE
* FULL-YEAR 2019 AVERAGE PRODUCTION GUIDANCE REMAINS UNCHANGED AT 300,000 BOEPD
* DECIDED TO REDUCE FULL-YEAR 2019 CAPITAL PROGRAM BY A FURTHER $25.0 MILLION TO $1.2 BILLION
* TOURMALINE ANTICIPATES TOTAL Q2 2019 EP CAPITAL EXPENDITURES OF $200.0 - $210.0 MILLION.
* QTRLY TOTAL REVENUE FROM COMMODITY SALES AND REALIZED GAINS $664.3 MILLION, UP 21%