The after-tax net present value of the Company's oil and gas properties reflects the tax burden on the properties on a stand-alone basis and utilizes the Company's tax pools. Reserves, Capital Expenditures and Cash Flow((1)), Finding, Development and Acquisition Costs, Conference Call Tomorrow at 9:00 a.m. MT (11:00 a.m. The company was founded in 2008 and is headquartered in Calgary, Canada. These metrics are "reserve replacement", "F&D" costs, "FD&A" costs, "recycle ratio", "F&D recycle ratio", "FD&A recycle ratio" and "NPV per share". The Company uses F&D and FD&A as a measure of the efficiency of its overall capital program including the effect of acquisitions and dispositions. Tourmaline will host a conference call tomorrow, March 4, 2020 starting at 9:00 a.m. MT (11:00 a.m.
FD&A costs, including FDC, includes all capital expenditures in the year inclusive of the net acquisition costs and disposition proceeds as well as the change in FDC required to bring the reserves within the specified reserves category on production. The aggregate of the exploration and development costs incurred in the most recent financial year and the change during that year in estimated future development costs generally will not reflect total finding and development costs related to reserves additions for that year. Tourmaline Oil declares CAD 0.12 dividend, Tourmaline reports increase in Q1 production; reduces 2020 budget to maintenance capital, Tourmaline Announces NEBC Montney Consolidation Activities, Tourmaline spikes after spinning off hybrid royalty company, http://www.tourmalineoil.com/investor-relations/, Tourmaline Oil Corp Third Quarter Earnings Conference Call for 2020, Tourmaline Oil Corp Third Quarter Earnings for 2020 Release, Amount: 0.0910, Declared Date: Sep 02 2020, Pay Date: Sep 30 2020, Tourmaline Oil Corp Second Quarter Earnings Conference Call for 2020, Tourmaline Oil Corp Second Quarter Earnings Results for 2020, Amount: 0.0880, Declared Date: Jun 03 2020, Pay Date: Jun 30 2020, Amount: 0.0860, Declared Date: Mar 03 2020, Pay Date: Mar 31 2020, Tourmaline Oil Corp Annual Report for 2019, Amount: 0.0912, Declared Date: Dec 05 2019, Pay Date: Dec 31 2019, Tourmaline Oil Corp Third Quarter Earnings Conference Call for 2019. The Company's financial statements and the management's discussion and analysis should be consulted for information at the level of the Company. SUPPLEMENTAL INFORMATION REGARDING PRODUCT TYPES. ET). To the extent such estimates constitute financial outlooks, they were approved by management and the Board of Directors of Tourmaline on March 3, 2020 and are included to provide readers with an understanding of Tourmaline's anticipated free cash flow based on the capital expenditure, production and other assumptions described herein and readers are cautioned that the information may not be appropriate for other purposes.
As of September 15th, there was short interest totalling 837,400 shares, a … More particularly and without limitation, this news release contains forward-looking information concerning Tourmaline's plans and other aspects of its anticipated future operations, management focus, objectives, strategies, financial, operating and production results and business opportunities, including the following: anticipated petroleum and natural gas production and production growth for various periods including estimated production levels for 2020 and beyond; expected free cash flow and cash flow levels; potential for share buybacks; targeted 2020 exit net debt to cash flow ratio; the future declaration and payment of dividends and the timing and amount thereof including any future increase; cash flow and free cash flow levels; production levels supported by certain of the Company's reserves and drilling inventory; capital spending over various periods; cost reduction initiatives; improvements in capital efficiency; projected operating and drilling costs; the timing for facility expansions and facility start-up dates; environmental improvement initiatives; anticipated future commodity prices including the expectation for future increases above current levels; the ability to generate, and the amount of, anticipated free cash flow including in 2020 and over the five year development plan; as well as Tourmaline's future drilling prospects and plans, business strategy, future development and growth opportunities, prospects and asset base. Unbooked locations do not have attributed reserves or resources (including contingent and prospective). This quarterly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes. 191,564 Shares in Atmos Energy Co. Acquired by SeaTown Holdings Pte. ET). The following tables summarize the Company's gross reserves defined as the working interest share of reserves prior to the deduction of interest owned by others (burdens). The following tables highlight Tourmaline's reserves, F&D and FD&A costs as well as the associated recycle ratios. Reader Advisories. TRMLF has been the topic of several analyst reports. See "Non-GAAP Financial Measures" in the December 31, 2019 Management's Discussion and Analysis for the definition and description of these terms. Posted by Sarita Garza on Oct 1st, 2020 // Comments off. The use of any of the words "forecast", "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "on track", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information. This news release includes references to 2019 annual production, 2019 average daily production, Q4 average daily production, current average daily production and 2020 average daily production. All evaluations and reviews of future net revenue are stated prior to any provisions for interest costs or general and administrative costs and after the deduction of estimated future capital expenditures for wells to which reserves have been assigned. Based on an average trading volume of 5,000 shares, the days-to-cover ratio is presently 167.5 days. Without limitation of the foregoing, future dividend payments, if any, and the level thereof is uncertain, as the Company's dividend policy and the funds available for the payment of dividends from time to time is dependent upon, among other things, free cash flow, financial requirements for the Company's operations and the execution of its growth strategy, fluctuations in working capital and the timing and amount of capital expenditures, debt service requirements and other factors beyond the Company's control. It holds interests in properties located in the Alberta Deep Basin, Northeast British Columbia Montney, and the Peace River High Triassic oil complex.
In addition, as the value ratio between natural gas and crude oil based on the current prices of natural gas and crude oil is significantly different from the energy equivalency of 6:1, utilizing a conversion on a 6:1 basis may be misleading as an indication of value. Tourmaline is a Canadian senior crude oil and natural gas exploration and production company focused on long-term growth through an aggressive exploration, development, production and acquisition program in the Western Canadian Sedimentary Basin. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. "F&D" costs are calculated by dividing the sum of the total capital expenditures for the year (in dollars) by the change in reserves within the applicable reserves category (in boe). The estimates of reserves and future net revenue for individual properties may not reflect the same confidence level as estimates of reserves and future net revenue for all properties, due to effects of aggregations. Tourmaline Oil Corp. (TSX:TOU.TO) ("Tourmaline" or the "Company") is pleased to release financial and operating results for the full year and fourth quarter of 2019 as well as 2019 reserves results.
For exchange delays and terms of use, please read disclaimer (will open in new tab). All amounts in this news release are stated in Canadian dollars unless otherwise specified. Since forward-looking information addresses future events and conditions, by its very nature it involves inherent risks and uncertainties. Shareholders receive a double win - a cleaner environment via Tourmaline's net-cleanest hydrocarbon molecule and enhanced returns via the Company's improved efficiencies. Conference Call Tomorrow at 9:00 a.m. MT (11:00 a.m.
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