March 7, 2017 / 10:34 PM / in 7 months

BRIEF-Tourmaline Oil Corp reports Q4 EPS c$0.24

March 7 (Reuters) - Tourmaline Oil Corp

* Earns $59.6 million in Q4 2016

* Q4 earnings per share c$0.24

* Q4 2016 production averaged 191,814 boepd, a 13 pct increase over Q3 production and a 7 pct increase over Q4 of 2015

* Company expects average Q1 2017 production of between 230,000 and 235,000 BOEPD

* Tourmaline has an additional 40 wells to bring on-stream during March

* Company’s operating costs for 2017 are forecast to average approximately $3.60/BOE

* For 2017, management intends to continue matching capital budget to expected cash flow

* Management believes company has sufficient resources to fund its 2017 exploration and development program Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below