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Tourmaline Oil Corp.

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Tourmaline Oil Corp.

Investor website: https://www.tourmalineoil.com/

About

Tourmaline Oil Corp. is a Canadian senior crude oil and natural gas exploration and production company focused on long-term growth through an active exploration, development, production and acquisition program in the western Canadian sedimentary basin. Since commencing operations in 2008, Tourmaline has assembled an extensive undeveloped land position with a large, multi-year drilling inventory and operating control of important natural gas processing and transportation infrastructure in three core long-term growth areas – the Alberta Deep Basin, the Northeast British Columbia (NEBC) Montney complex and the Peace River Triassic Oil complex.

Verified company data

Mineral resource
Tourmaline has major positions in two large resources plays in the Western Canadian Sedimentary Basin: the Alberta Deep Basin and the Northeast British Columbia Montney. The Company has carefully selected these resource plays based on rigorous subsurface technical and economic criteria. These complexes are derisked through the drilling of over 2,640 wells and the infrastructure skeleton is complete across all complexes.
Projects
["Alberta Deep Basin\n\n320,000 boepd\n\nproduction as at March 2025\n\n1,945 mmboe\n\nreserves as at Dec 31, 2024\n\n14,794 locations\n\ndrilling inventory as at Dec 31, 2024\n\n1,345 total\n\nwells drilled\n\nLargest Deep Basin land position with 3 million acres\n\nTourmaline is the largest producer in the Alberta Deep Basin, which represents over 50% of the Company’s production.\n\nThe Alberta Deep Basin is a multi-objective tight natural gas sand play area with up to 15 separate lower Cretaceous liquids-rich natural-gas-charged sand reservoirs. Tourmaline’s target exploration and production area is in that portion of the Alberta Deep Basin where the entire lower Cretaceous stratigraphic section is gas saturated with no mobile formation water. The primary vehicle for accessing the extensive reserves in these stacked sandstones is multi-stage fracture stimulation in both horizontal and vertical well-bores.\n\nTourmaline currently has ownership interests in 23 natural gas plants in the Alberta Deep Basin, 11 of which are 100% owned and operated by Tourmaline. In aggregate, Tourmaline has in excess of 2.5 bcf/d (net) of natural gas processing capability within this plant network. Tourmaline’s goal is to be one of the lowest-development-cost, most efficient operators in the Alberta Deep Basin, and the Company plans to optimize and systematically continue to further reduce costs of operating the Alberta Deep Basin assets.","NEBC Montney\n\nOne of Canada’s largest Montney producers\n\nFocused on liquids rich natural gas in the Montney\n\nTechnological developments, including the drilling of horizontal multi-stage fracture stimulation wells, have allowed access to the thickest, highest pressured and highest deliverability fine grained sandstone reservoirs of the Montney in the NEBC play area. Tourmaline’s Montney EP program has been focused in the Groundbirch/Sunrise/Dawson area of the Peace River Arch, as well as the Gundy CK area, which the Company acquired through a significant asset acquisition in 2016.\n\nTourmaline has ownership in and operates seven significant natural gas processing facilities with aggregate capacity of approximately 1.0 Bcf/d with related gas gathering systems and NGL handling infrastructure in the NEBC complex. This infrastructure complex includes an expanded 400 MMcf/d ethane rejection deep cut gas processing facility installed at Gundy CK in 2019.\n\n325,000 boepd\n\nPRODUCTION AS AT MARCH 2026\n\n3,866 mmboe\n\nRESERVES AS AT DEC 31, 2025\n\n8,814 wells\n\nDRILLING INVENTORY AS AT DEC 31, 2025"]
Leadership
Michael Rose (President & Chief Executive Officer, Founder of Tourmaline in 2008 with over 38 years in the oil and gas industry, previously CEO of Duvernay Oil Corp.), Brian Robinson (Chief Financial Officer, Over 37 years of experience in finance and accounting in the oil and gas sector, previously CFO of Duvernay and Berkley.), Scott Kirker (Chief Legal Officer and External Affairs, Chief Legal Officer since 2022 with over 30 years of legal experience, previously Secretary and General Counsel of Tourmaline.), Earl McKinnon (Chief Operating Officer, COO since December 2023 with a background in engineering and operations at Shell Canada, previously VP of Operations at Tourmaline.), Sherra Aspin (Vice President, Marketing, Joined Tourmaline in 2009 and appointed VP in 2017, previously part of the marketing team at Duvernay.), Katie Beck (Vice President, Legal General Counsel and Corporate Secretary, VP since 2024 with prior experience in legal roles at a midstream operator and private practice.), Allan Bush (Vice President, Corporate Affairs, VP since December 2023, previously COO and VP of Production at Tourmaline.), Colin Frostad (Vice President, Exploration, VP since 2019 with a background in geology, previously Exploration Manager at Tourmaline.), Jamie Heard (Vice President, Capital Markets, VP since December 2023 with experience in capital markets and investment analysis, previously Manager of Capital Markets at Tourmaline.), Adam Karpoff (Vice President, Land, VP since November 2025 with a background in land management, previously Manager of Mineral Land at Tourmaline.), Matthew Ockenden (Vice President, Midstream, VP since 2025 with over 20 years in oil and gas, previously Manager of Midstream Business at Tourmaline.)

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