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TOURMALINE DECLARES QUARTERLY DIVIDEND AND PROVIDES MANAGEMENT UPDATE
TOURMALINE DECLARES QUARTERLY DIVIDEND AND PROVIDES MANAGEMENT UPDATE Canada NewsWire ...
About this update from Tourmaline Oil Corp.
[{"type":"text","content":"\n \n \n \n TOURMALINE DECLARES QUARTERLY DIVIDEND AND PROVIDES MANAGEMENT UPDATE\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n Dec. 1, 2023\n \n \n /CNW/ - Tourmaline Oil Corp. (TSX: TOU) (\"\n \n Tourmaline\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that its Board of Directors has declared a quarterly cash dividend on its common shares of\n \n C$0.28\n \n per common share. The dividend will be payable on\n \n December 29, 2023\n \n to shareholders of record at the close of business on\n \n December 15, 2023\n \n . This quarterly cash dividend is designated as an \"eligible dividend\" for Canadian income tax purposes.\n \n \n \n \n \n \n \n \n \n \n Management Update\n \n \n \n As part of Tourmaline's planned leadership succession process, Mr.\n \n Earl McKinnon\n \n has been appointed Chief Operating Officer of the Company.  Mr. McKinnon has served as the Vice President, Operations of Tourmaline since 2015 and has been instrumental in the Company's development of improved drilling and completions techniques, cost reduction initiatives, enhanced well design, and relentless focus on execution of all of Tourmaline's operations. Mr.\n \n Al Bush\n \n , who joined Tourmaline in 2009 and served as Chief Operating Officer from 2013 to 2023, has been a key contributor to Tourmaline's profitable growth and success to date.  He will continue as a member of Tourmaline's senior management team as Vice President, Corporate Affairs and will ensure an orderly transition of the COO responsibilities.\n \n \n In addition, Ms.\n \n Sarah Tait\n \n , currently Controller at Tourmaline, has been appointed Vice President, Finance, Mr.\n \n Jamie Heard\n \n , currently Manager, Capital Markets, has been appointed Vice President, Capital Markets, and Ms.\n \n Katie Beck\n \n , currently Associate General Counsel and Corporate Secretary, has been appointed General Counsel and Corporate Secretary of the Company.  With the exception of the foregoing promotions, Tourmaline's sen...