Tourmaline announced the acquisition of assets in the Minehead-Edson-Ansell region of the Alberta Deep Basin for $183 mm in cash, which appear consistent with assets sold by Enerplus in mid-January 2016. Concurrently, the Company has reduced its 2016e E&D capital budget to $925 mm from $1,100 mm prior with no changes to 2016e volume guidance of 200,000 boe/d or 2016e exit debt levels all else equal.
Noting strong cost synergies with the inclusion of volumes into its owned and operated AB Deep B ....
02 Feb 2016
Tourmaline Acquires Deep Basin Assets for $183 mm, Finances Transaction Through Concurrent E&D Capital Budget Reduction, Reiterates 2016e Guidance
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Tourmaline Acquires Deep Basin Assets for $183 mm, Finances Transaction Through Concurrent E&D Capital Budget Reduction, Reiterates 2016e Guidance
Tourmaline Oil Corp. (TOU:TSE) | 0 0 2.9% | Mkt Cap: 5,137m
- Published:
02 Feb 2016 -
Author:
Robert Fitzmartyn -
Pages:
6
Tourmaline announced the acquisition of assets in the Minehead-Edson-Ansell region of the Alberta Deep Basin for $183 mm in cash, which appear consistent with assets sold by Enerplus in mid-January 2016. Concurrently, the Company has reduced its 2016e E&D capital budget to $925 mm from $1,100 mm prior with no changes to 2016e volume guidance of 200,000 boe/d or 2016e exit debt levels all else equal.
Noting strong cost synergies with the inclusion of volumes into its owned and operated AB Deep B ....