TOURMALINE PROVIDES WILDFIRE UPDATE

About this update from Tourmaline Oil Corp.

[{"type":"text","content":"\n \n \n \n TOURMALINE PROVIDES WILDFIRE 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.prntaj{\nTEXT-ALIGN: JUSTIFY\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 May 8, 2023\n \n \n /CNW/ - Tourmaline Oil Corp. (TSX: TOU) (\"Tourmaline\" or the \"Company\") provides an update on operations impacted by\n \n Alberta\n \n wildfires.\n \n \n \n \n \n \n \n \n \n Tourmaline staff and families have been safely evacuated from certain operated facilities and homes in the greater\n \n Edson\n \n area. The Company evacuated and shut down nine South and West Deep Basin gas processing facilities between the afternoon of\n \n Friday, May 5\n \n and the afternoon of\n \n Saturday, May 6\n \n as nearby fires expanded and new wildfires rapidly emerged.\n \n \n Tourmaline is not aware of any damage to those facilities to date, and access to the sites is currently prohibited.\n \n \n Tourmaline will quantify the timeline for production resumption at the 9 sites and the total production impact on Q2 in subsequent updates.\n \n \n Tourmaline is extremely thankful for the efforts of all personnel engaged in fighting these dangerous fires and hopes all remain safe.\n \n \n ABOUT TOURMALINE OIL CORP.\n \n \n Tourmaline is\n \n Canada's\n \n largest and most active natural gas producer dedicated to producing the lowest-emission and lowest-cost natural gas in\n \n North America\n \n . We are an investment grade exploration and production company providing strong and predictable operating and financial performance through the development of our three core areas in the Western Canadian Sedimentary Basin. With our existing large reserve base, decades-long drilling inventory, relentless focus on execution and cost management, and industry-leading environmental performance, we are excited to provide shareholders an excellent return on capital, and an attractive source of income through our base dividend and surplus free cash flow distribution strategies.\n \n \n \n \n Forward-Looking Information\n \n \n \n \n This news release may contain forward-loo...

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