Tourmaline’s long-term business strategy is to increase shareholder value by building a sustainable and extensive asset base over the two core exploration and production areas and developing these areas to increase reserves, production and cash flows with an attractive return on invested capital.
The Company seeks to execute this strategy through the following:
Tourmaline focuses on selecting premium subsurface targets and continually reducing capital and cash costs as development plans are executed.
The Company drives efficiencies by focusing on two core areas: the Alberta Deep Basin and Northeast British Columbia Montney.
Tourmaline has built an operating and EP execution team focused on low-cost and efficient horizontal well development.
Tourmaline has systematically built company owned and operated infrastructure across its core complexes since 2010.
Tourmaline has assembled a highly talented and dedicated staff capable of continued corporate outperformance.
Tourmaline executes a long-term transportation and marketing strategy to access premium pricing hubs.