April 13, 2011 / 10:12 PM / 7 years ago

UPDATE 1-Tourmaline Oil says production already above forecast

* Says current prodn levels are over 30,000 boe/d

* Q2 forecast was 27,500 boe/d

* Completes Minehead Alberta gas plant and Dawson pipeline interconnect (Follows alerts)

April 13 (Reuters) - Canada’s Tourmaline Oil Corp said production in the second quarter so far has already exceeded its estimates, as the oil and natural gas producer completed and brought two projects online.

Tourmaline said production levels were over 30,000 barrels of oil equivalent per day (boe/d), handily beating the 27,500 boe/d originally estimated for the second quarter.

The company said the Minehead Alberta gas plant and the Dawson British Columbia pipeline interconnect have been online for the last 10 days and it would monitor production before it raises its forecast for the full year.

Shares of the Calgary, Alberta-based Tourmaline closed at C$24.57 on Wednesday on the Toronto Stock Exchange. (Reporting by Abhiram Nandakumar in Bangalore;Editing by Vyas Mohan)

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