Tourmaline Oil

Tourmaline Oil entered into an agreement to sell 25% of its Peace River High complex in Alberta (lands, reserves, and facilities) to Canadian Non-Operated Resources for USD 438 million. After closing the transaction in December 2014, the buyer will be a joint-venture partner in the complex with a 25% working interest and will be responsible for its share of exploration and production costs going forward.


Don't miss out on the latest technology delivered to your email weekly.  Sign up for the JPT newsletter.  If you are not logged in, you will receive a confirmation email that you will need to click on to confirm you want to receive the newsletter.