Tourmaline Oil reserves reach 1.1 billion boe (Scandinavian Oil-Gas Magazine)

Tourmaline Oil reserves reach 1.1 billion boe

Published Feb 25, 2016

Tourmaline Oil Corp has enjoyed another record year of material, profitable reserve additions with ever-improving efficiencies.

Company’s proved plus probable reserves increased to 1,108.3 mmboe during 2015, a 30% increase over 2014 reserves of 855.8 mmboe and a 36% increase (22% per diluted share) before taking into account annual production of 56.4 mmboe.

Total proved reserves increased 48% and proved developed producing reserves increased by 80% over 2014 before taking into account annual production of 56.4 mmboe.

Tags: Tourmaline Oil Corp

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