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CALGARY, AB, Nov. 25, 2024 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Selling Shareholder") and Topaz Energy Corp. (TSX: TPZ) ("Topaz" or the "Company") announced today that they have entered into an agreement with Peters & Co. Limited and BMO Capital Markets (the "Lead Underwriters"), on behalf of a syndicate of underwriters (together with the Lead Underwriters, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, from Tourmaline 8,700,000 common shares of the Company (the "Common Shares") at a price of $27.80 per Common Share (the "Offering Price") for total gross proceeds to the Selling Shareholder of approximately $242 million (the "Offering"). The Underwriters will have an option to purchase up to an additional 15% of the Common Shares issued under the Offering at the Offering Price to cover over-allotments and for market stabilization purposes exercisable in whole or in part at any time until 30 days after the closing. The Company will not receive any of the proceeds of the Offering.

CALGARY, AB, Nov. 6, 2024 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to release financial and operating results for the third quarter of 2024 and declare a special dividend.

HIGHLIGHTS

Third quarter cash flow(1)(2) of $741.9 million ($2.09 per diluted share(3)), underpinned by Tourmaline's average realized natural gas price of $3.19/mcf.Q3 2024 net earnings of $355.2 million ($1.00 per diluted share).The Company is declaring a special dividend of $0.50 per common share to be paid on November 26, 2024 to holders of record on November 15, 2024. Tourmaline has distributed total dividends of $3.25 per share (inclusive of this November 2024 special dividend) since December 1, 2023, an implied 5% trailing yield(4).Closed the previously announced transaction with Topaz Energy Corp. ("Topaz") on November 1, 2024, whereby the Company received consideration of $278.2 million.Closed the corporate acquisition of Crew Energy Inc. ("Crew") on October 1, 2024, and anticipates 2024 exit volumes of over 30,000 boepd from the acquired assets.Deep Basin well productivity in 2024 has improved by 20% on raw gas (IP90) and 40% on condensate/C5+ (IP90) compared to 2020-2023. This excellent overall Deep Basin well performance can be attributed to multiple Tier 1 plays across several of Tourmaline's strike areas.

Das wachsende Tankstellennetz stellt eine bedeutende Möglichkeit für den Ersatz von Dieselkraftstoff dar, da es eine zuverlässige Quelle für Erdgas (Compressed Natural Gas, CNG) für Langstrecken-Lkw und andere Fahrzeuge bietet.

CALGARY, AB, 23. Oktober 2024 /PRNewswire/ -- Tourmaline Oil Corp. (TSX: TOU) („Tourmaline") und Clean Energy Fuels Corp. (NASDAQ: CLNE) („Clean Energy") gaben heute die Eröffnung von zwei neuen CNG-Tankstellen in Alberta bekannt. Dies ist ein wichtiger Meilenstein im Rahmen der Bemühungen rund um den Aufbau des ersten kommerziellen öffentlich zugänglichen CNG-Tankstellennetzes in Westkanada. Die neuen Standorte in Calgary und Grande Prairie bilden zusammen mit der im April 2023 eröffneten Tankstelle in Edmonton einen wichtigen Verkehrskorridor für Lkw-Unternehmen, die ihre Flotten von Diesel auf CNG umstellen.

The expanding network of fueling stations represents a significant diesel displacement opportunity by providing a reliable source of compressed natural gas (CNG) for long-haul trucks and other fleets.

CALGARY, AB, Oct. 22, 2024 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline") and Clean Energy Fuels Corp. (NASDAQ: CLNE) ("Clean Energy") announced today the opening of two new compressed natural gas (CNG) fueling stations in Alberta, marking a key milestone in their continuing efforts to build Western Canada's first commercial-grade public CNG fueling network. The new locations in Calgary and Grande Prairie, along with the Edmonton station which opened in April 2023, establish a crucial transportation corridor for trucking companies converting their fleets from diesel to CNG.

The expanding network of fueling stations represents a significant diesel displacement opportunity by providing a reliable source of compressed natural gas (CNG) for long-haul trucks and other fleets.

CALGARY, AB, Oct. 22, 2024 /PRNewswire/ -- Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline") and Clean Energy Fuels Corp. (NASDAQ: CLNE) ("Clean Energy") announced today the opening of two new compressed natural gas (CNG) fueling stations in Alberta, marking a key milestone in their continuing efforts to build Western Canada's first commercial-grade public CNG fueling network. The new locations in Calgary and Grande Prairie, along with the Edmonton station which opened in April 2023, establish a crucial transportation corridor for trucking companies converting their fleets from diesel to CNG.

The expanding network of fueling stations represents a significant diesel displacement opportunity by providing a reliable source of compressed natural gas (CNG) for long-haul trucks and other fleets.

CALGARY, AB, Oct. 22, 2024 /PRNewswire/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline") and Clean Energy Fuels Corp. (NASDAQ: CLNE) ("Clean Energy") announced today the opening of two new compressed natural gas (CNG) fueling stations in Alberta, marking a key milestone in their continuing efforts to build Western Canada's first commercial-grade public CNG fueling network. The new locations in Calgary and Grande Prairie, along with the Edmonton station which opened in April 2023, establish a crucial transportation corridor for trucking companies converting their fleets from diesel to CNG.

CALGARY, AB, Oct. 1, 2024 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce that it has closed the acquisition of Crew Energy Inc. ("Crew"), pursuant to which the Company acquired all of the issued and outstanding common shares of Crew in exchange for 18.778 million Tourmaline common shares and the assumption of net debt of approximately $230 million, including all transaction costs, for total consideration of approximately $1.4 billion(1) (the "Crew Acquisition").

CALGARY, AB, Sept. 3, 2024 /CNW/ - Tourmaline Oil Corp. (TSXL TOU) ("Tourmaline" or the "Company") is pleased to announce that its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.35 per common share. The dividend will be payable on September 27, 2024 to shareholders of record at the close of business on September 13, 2024. This quarterly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes.

CALGARY, AB, Aug. 12, 2024 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce that it has entered into a definitive arrangement agreement with Crew Energy Inc. ("Crew") to acquire all of the issued and outstanding common shares of Crew(1) (the "Acquisition" or the "Arrangement") in exchange for 18.778 million Tourmaline common shares and the assumption of net debt of approximately $240 million, including all transaction costs, for total consideration of approximately $1.3 billion(2). The Acquisition is expected to close in early October 2024, subject to customary closing conditions.