A large white tank at a gas plant, backlit by the sun.

Peace River Triassic Oil

Tourmaline’s third core area is the Company’s exploration and production complex at Spirit River-Mulligan-Earring, Alberta.  The majority of the current production in the complex is derived from oil and natural gas-charged reservoirs of the Triassic Charlie Lake and Montney formations as well as the newly added Wapiti Cardium formation.  This area, currently producing approximately 25,000 Boe/d net to Tourmaline, has a large inventory of vertical and horizontal development drilling prospects in the Charlie Lake, Montney, and Wapiti Cardium formations as well as attractive plays in several other formations

The Company currently owns and operates two significant oil batteries capable of handling 50,000 bpd of fluids and the associated natural gas is delivered to a third party for processing.  Tourmaline also has a 100% owned and operated 60 MMcf/d sour gas processing facility at Spirit River.

A gas plant in the middle of a large forest.

25,000 boepd

PRODUCTION AS AT MARCH 2024

286 mmboe

RESERVES AS AT DEC 31, 2023

2,649 locations

DRILLING INVENTORY AS AT DEC 31, 2023