Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/tourmaline-oil-reserves-reach-11-billion-boe.shtmlTourmaline Oil reserves reach 1.1 billion boe
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
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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.
