Latest news with #Tourmaline
Washington Post
3 days ago
- Entertainment
- Washington Post
Capturing the vibrant life of LGBT activist Marsha P. Johnson
Just ahead of Pride season, a new biography of the venerated activist Marsha P. Johnson by the multidisciplinary artist Tourmaline has hit bookstore shelves. When Marsha P. Johnson died in 1992, she was a beloved figure in New York's LGBTQ+ social scenes and liberation movements. Since then — thanks to work from community activists and historians, including Tourmaline — her legacy has grown deeper, her reputation traveling further. Today, there is a state park in New York named after her and a bronze bust of her housed in the New York LGBT Center. Online, tributes pop up on social media every summer commemorating her activism.
Yahoo
19-05-2025
- Business
- Yahoo
Tourmaline Bio to Present Topline Results from the Ongoing Phase 2 TRANQUILITY Trial of Pacibekitug on May 20, 2025
NEW YORK, May 19, 2025 (GLOBE NEWSWIRE) -- Tourmaline Bio, Inc. (Tourmaline) (NASDAQ: TRML), a late-stage clinical biotechnology company developing transformative medicines to dramatically improve the lives of patients with life-altering immune and inflammatory diseases, will host a conference call and webcast on Tuesday, May 20, 2025 beginning at 8:30 a.m. ET to present topline results from the Phase 2 TRANQUILITY trial evaluating pacibekitug in patients with elevated high-sensitivity C-reactive protein and chronic kidney disease. Members of Tourmaline management will be joined by Dr. Deepak L. Bhatt, Director of the Mount Sinai Fuster Heart Hospital and the Dr. Valentin Fuster Professor of Cardiovascular Medicine at the Icahn School of Medicine at Mount Sinai in New York. Dr. Bhatt also serves as the Chair of Tourmaline's Cardiovascular Scientific Advisory Board (for which he is compensated). To register for this event, please click here or visit the 'Events and Presentations' section of Tourmaline's website. A replay will be available on Tourmaline's website following the event. About Tourmaline Bio:Tourmaline is a late-stage clinical biotechnology company driven by its mission to develop transformative medicines that dramatically improve the lives of patients with life-altering immune and inflammatory diseases. Tourmaline's lead asset is pacibekitug. For more information, please visit or follow us on LinkedIn or X. About Pacibekitug:Pacibekitug is a long-acting, fully-human, anti-IL-6 monoclonal antibody with best-in-class potential and differentiated properties including a naturally long half-life, low immunogenicity, and high binding affinity to IL-6. Excluding ongoing trials, pacibekitug was previously studied in approximately 450 participants, including patients with autoimmune disorders, across six completed clinical trials. Tourmaline is currently developing pacibekitug in atherosclerotic cardiovascular disease (ASCVD) and thyroid eye disease (TED) as its first two indications, with plans to expand into abdominal aortic aneurysm (AAA) and additional diseases in the future. Media Contact:Scient PRSarah MishekSMishek@ Investor Contact:Meru AdvisorsLee M. Sternlstern@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
07-05-2025
- Business
- Cision Canada
TOURMALINE DELIVERS RECORD PRODUCTION IN Q1 2025, ANNOUNCES TWO ACQUISITIONS AND DECLARES A SPECIAL DIVIDEND
CALGARY, AB, May 7, 2025 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to release financial and operating results for the first quarter of 2025, announce two acquisitions in the NEBC Montney and declare a special dividend. HIGHLIGHTS First quarter 2025 average production was 637,867 boepd, an 8% increase over first quarter 2024 and ahead of the 630,000 – 635,000 boepd first quarter 2025 expected range announced on March 5, 2025. First quarter 2025 cash flow (1) ("CF") was $963.0 million ($2.56 per diluted share (2)) on total capital expenditures (3) of $825.0 million (EP spending (4) of $797.7 million) generating free cash flow (5) ("FCF") of $149.1 million for the quarter ($0.40 per diluted share (6)). In 2025, at strip pricing (7), the Company now expects to generate CF of $3.9 billion ($10.44 per diluted share) and FCF of $960.0 million ($2.55 per diluted share) on EP spending of $2.725 billion (midpoint of 2025 guidance range). Tourmaline continues to consolidate the NEBC Montney, one of the most profitable gas plays in North America, in concert with the Company's NEBC infrastructure buildout. In the North Montney, the Company has entered into an agreement to acquire the balance of the jointly-owned Laprise-Conroy assets through the acquisition of Saguaro Resources Ltd. In addition, Tourmaline has entered into an agreement to acquire assets located in the Greater Septimus area of the South Montney. The Company expects these acquisitions to close in Q2 2025. Tourmaline's Board of Directors has declared a special dividend of $0.35 per share payable on May 26, 2025 to shareholders of record on May 15, 2025. The Company intends to declare a quarterly dividend of $0.50 per share, payable on June 30, 2025, to shareholders of record on June 16, 2025. PRODUCTION UPDATE First quarter 2025 average production was 637,867 boepd, slightly ahead of the guidance range announced on March 5, 2025 and up 8% from the first quarter of 2024. March 2025 average production was 645,036 boepd. First quarter 2025 average liquids production (oil, condensate, NGLs) was 147,438 bpd, up 2% over the first quarter 2024 average liquids production of 145,016 bpd. The 2025 forecast production range of 635,000 - 665,000 boepd remains unchanged. Production averaged 660,000 boepd for the first half of April. The Company expects second quarter 2025 average production in the 615,000 - 625,000 boepd range, reflecting increased maintenance now scheduled given the anticipated weaker gas prices during that time period, particularly at Station 2 where pricing and volume in April was impacted by maintenance at the third party-operated Aitken storage facility. FINANCIAL RESULTS First quarter 2025 cash flow was $963.0 million ($2.56 per fully diluted share) and FCF was $149.1 million ($0.40 per fully diluted share). First quarter 2025 earnings were $212.7 million ($0.56 per fully diluted share). First quarter EP capital spending was $797.7 million. The Company expects EP capital spending to be approximately $560.0 million in Q2 2025 during spring break-up, yielding an estimated 1H 2025 FCF of $430.0 million ($1.14 per diluted share) based on strip pricing. The Company expects commodity prices to improve in the 2H 2025 with the start-up of the LNG Canada facility on the West Coast, resulting in higher FCF in 2H 2025 relative to 1H 2025. 2025 CAPITAL PROGRAM The full year 2025 EP capital program remains unchanged at $2.60 to $2.85 billion. Given weak Station 2 gas prices, the Company intends to defer some planned Q2 frac activity into the third quarter of 2025. The Company continues to expect stronger prices at both the Station 2 and AECO hubs during the second half of 2025 as gas volumes commence flowing west to the LNG Canada liquification facility. The Company will continue to match planned production growth to the anticipated increasing natural gas price curve. The Company expects to release an updated multi-year EP plan, including the full NEBC Montney gas and liquids infrastructure buildout, and incorporation of all recent acquisitions in the second half of 2025. Inclusive of projects not yet incorporated in the EP plan and recent acquisitions, the Company forecasts to enter the next decade producing at approximately 850,000 boepd (8). ACQUISITION UPDATE Tourmaline continues to consolidate the NEBC Montney, one of the most profitable gas plays in North America, in concert with the Company's NEBC infrastructure buildout. In the North Montney, the Company has entered into an agreement to acquire the balance of the jointly-owned Laprise-Conroy assets through the acquisition of Saguaro Resources Ltd., and in the South Montney, Tourmaline has entered into an agreement to acquire assets in the Greater Septimus area from a third party. Both transactions are expected to close in Q2 2025, and Tourmaline's forward guidance and EP plan will reflect these acquisitions in the Company's next update. In aggregate, these two transactions add approximately 20,000 boepd of current production, an estimated 369.4 mmboe of current 2P reserves (9), and approximately 410 primarily Tier 1 future net drilling locations. Production and reserves from these assets are expected to experience significant future growth as each asset is systematically developed as part of the Company's NEBC Montney buildout. The Laprise-Conroy asset is the key component of the North Montney Phase 2 project, and the Greater Septimus asset is complementary and adjacent to Tourmaline's planned Groundbirch 400 mmcfpd / 20,000 bpd two-phase gas plant development project. As part of these transactions, Tourmaline will also acquire 9 net sections and an estimated 54 net drilling locations in the Resthaven area of the Alberta Deep Basin. Tourmaline will issue a total of approximately 13 million common shares as consideration for the two transactions, leaving the balance sheet in a very strong position for potential further asset acquisitions going forward. The final number of shares to be issued pursuant to these acquisitions will be determined at the closing of the transactions based on the price of Tourmaline common shares leading up to the respective closing dates. MARKETING UPDATE Tourmaline's average realized natural gas price in the first quarter of 2025 was CAD $4.30/mcf, meaningfully (CAD $2.11/mcf) above the AECO 5A benchmark price of CAD $2.19/mcf over the same time period, as the Company continues to benefit from its diversification portfolio and strategic hedging program. From Q2 to Q4 2025, Tourmaline will average 2.1 bcfpd of natural gas sales that are not exposed to floating local market prices (AECO and Station 2). Tourmaline has an average of 1.16 bcfpd hedged in 2025 at a weighted average fixed price of CAD $4.95/mcf. This includes 72 mmcfpd hedged at a weighted average price of CAD $20.76/mcf in international markets and 156 mmcfpd at a weighted average price of CAD $6.68/mcf in Western US markets. The Company is highly encouraged by the growing demand-driven natural gas price outlook in North America, including the Western Canadian gas trading hubs. The Company's EP and acquisition activities are guided by this strong multi-year price outlook; however, Tourmaline continues to remain disciplined to not oversupply local hubs. The natural gas growth achieved by the Company in 2023-24 was primarily matched with new export contracts out of the Western Canadian Sedimentary Basin, including 95 mmcfpd that will flow to the Gulf Coast in November of this year. EP UPDATE First quarter 2025 EP activity was highlighted by a series of pads in NEBC that are well ahead of performance type curve thus far. At Sunrise in the South Montney, the 4 well pad produced at average per well 30-day IP rates of 7.2 mmcfpd and 218 bbls/day of condensate. At Groundbirch, the 6 wells on the 4-17 well pad have average 30-day IP rates of 10.4 mmcfpd at a flowing casing pressure of 11.9 MPa. At Gundy in the North Montney, the 7 wells on the C-2-G pad have average 30-day IP rates of 8.4 mmcfpd and 128 bbls/day of condensate. At Aitken, the 4 wells on the C-100-C pad have averaged 8.2 mmcfpd with 169 bbls/day of condensate over the first 22 days of production. The strong 2024 well performance in the Alberta Deep Basin continued in the first quarter of 2025 with record March average production of 330,000 boepd. Strong pads ahead of performance curves were delivered across the entire complex, including at Hanlan (6-29 pad), Lambert-Minehead and Kakwa (3-28 pad). The Company plans to drill a total of 364 net wells in 2025, including 169 wells in the Alberta Deep Basin, 159 wells in the NEBC gas condensate complex, and 36 wells on the Peace River High. Notable exploration successes were realized in the South Deep Basin. At Willesden Green, the Company's initial Belly River well tested at over 700 bblpd of wellhead liquids (<1% water cut) plus approximately 1.0 mmcfpd of natural gas. In the down-dip high pressure Glauconite play, several new successful wells were brought on-stream. The Company is optimistic on the new incremental drilling inventory associated with both of these South Deep Basin successes. DIVIDENDS Tourmaline's Board of Directors has declared a special dividend of $0.35 per share, payable on May 26, 2025 to shareholders of record on May 15, 2025. The Company intends to declare the quarterly base dividend of $0.50 per share in early June, which will be payable on June 30, 2025 to shareholders of record at the close of business on June 16, 2025. The special dividend is, and the quarterly base dividend will be, designated as an eligible dividend for Canadian income tax purposes. Notes: (1) Product prices include premiums and losses on risk management activities and financial instrument contracts. (2) See "Non-GAAP and Other Financial Measures" in this news release and in the Q1 2025 MD&A. (3) Excluding interest and financing charges. Conference Call Tomorrow at 9:00 a.m. MT (11:00 a.m. ET) Tourmaline will host a conference call tomorrow, May 8, 2025, starting at 9:00 a.m. MT (11:00 a.m. ET). To participate without operator assistance, you may register and enter your phone number at to receive an instant automated call back. To participate using an operator, please dial 1-888-510-2154 (toll-free in North America), or 1-416-900-0527 (international dial-in), a few minutes prior to the conference call. REPLAY DETAILS If you are unable to dial into the live conference call on May 8, 2025, a replay will be available by dialing 1-888-660-6345 (international 1-289-819-1450), referencing Encore Replay Code 08772. The recording will expire on May 22, 2025. Reader Advisories CURRENCY All amounts in this news release are stated in Canadian dollars unless otherwise specified. This news release contains forward-looking information and statements (collectively, " forward-looking information") within the meaning of applicable securities laws. The use of any of the words "forecast", "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "on track", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information. More particularly and without limitation, this news release contains forward-looking information concerning Tourmaline's plans and other aspects of its anticipated future operations, management focus, objectives, strategies, financial, operating and production results and business opportunities, including the following: the future declaration and payment of base and special dividends and the timing and amount thereof which assumes, among other things, the availability of free cash flow to fund such dividends; anticipated cash flow and free cash flow levels; anticipated liquids and natural gas production and production growth for various periods including estimated production levels; expected full-year 2025 EP capital budget; anticipated natural gas prices and demand growth outlooks; the timing for the release of updated guidance and an updated EP plan; the completion of the acquisitions described in this news release including the timing and terms thereof and the anticipated benefits to be derived therefrom including the anticipated number of shares to be issued in connection with such acquisitions; as well as Tourmaline's future drilling prospects and plans, business strategy, future development and growth opportunities, prospects and asset base. The forward-looking information is based on certain key expectations and assumptions made by Tourmaline, including expectations and assumptions concerning the following: prevailing and future commodity prices and currency exchange rates; the degree to which Tourmaline's operations and production may be disrupted or by circumstances attributable to supply chain disruptions; applicable royalty rates and tax laws; interest rates; inflation rates; future well production rates and reserve volumes; operating costs, receipt of regulatory approvals and the timing thereof (including with respect to the acquisitions described in this news release); the performance of existing and future wells; the success obtained in drilling new wells; anticipated timing and results of capital expenditures; the sufficiency of budgeted capital expenditures in carrying out planned activities; the timing, location and extent of future drilling operations; the benefits to be derived from acquisitions (including the acquisitions described in this news release); the state of the economy and the exploration and production business; the availability and cost of financing, labour and services; ability to maintain investment grade credit rating; and ability to market crude oil, natural gas and natural gas liquids successfully. Without limitation of the foregoing, future dividend payments, if any, and the level thereof is uncertain, as the Company's dividend policy and the funds available for the payment of dividends from time to time is dependent upon, among other things, free cash flow, financial requirements for the Company's operations and the execution of its growth strategy, fluctuations in working capital and the timing and amount of capital expenditures, debt service requirements and other factors beyond the Company's control. Further, the ability of Tourmaline to pay dividends is subject to applicable laws (including the satisfaction of the solvency test contained in applicable corporate legislation) and contractual restrictions contained in the instruments governing its indebtedness, including its credit facility. Statements relating to "reserves" are also deemed to be forward looking information, as they involve the implied assessment, based on certain estimates and assumptions, that the reserves described exist in the quantities predicted or estimated and that the reserves can be profitably produced in the future. Although Tourmaline believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Tourmaline can give no assurances that it will prove to be correct. Since forward-looking information addresses future events and conditions, by its very nature it involves inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include, but are not limited to: the risks associated with the oil and gas industry in general such as operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; supply chain disruptions; the uncertainty of estimates and projections relating to reserves, production, revenues, costs and expenses; health, safety and environmental risks; commodity price and exchange rate fluctuations; interest rate fluctuations; changes in rates of inflation; marketing and transportation; loss of markets; environmental risks; competition; incorrect assessment of the value of acquisitions; failure to complete or realize the anticipated benefits of acquisitions or dispositions; stock market volatility; ability to access sufficient capital from internal and external sources; uncertainties associated with counterparty credit risk; failure to obtain required regulatory and other approvals including drilling permits and the impact of not receiving such approvals on the Company's long-term planning; climate change risks; severe weather (including wildfires and drought); risks of wars or other hostilities or geopolitical events, civil insurrection and pandemics; risks relating to Indigenous land claims and duty to consult; data breaches and cyber attacks; risks relating to the use of artificial intelligence; changes in legislation, including but not limited to tax laws, royalties and environmental regulations (including greenhouse gas emission reduction requirements and other decarbonization or social policies) and including uncertainty with respect to the interpretation of omnibus Bill C-59 and the related amendments to the Competition Act (Canada)); trade policy, barriers, disputes or wars (including new tariffs or changes to existing international trade arrangements); general economic and business conditions and markets. Readers are cautioned that the foregoing list of factors is not exhaustive. Additional information on these and other factors that could affect Tourmaline, or its operations or financial results, are included in the Company's most recently filed Management's Discussion and Analysis (See "Forward-Looking Statements" therein), Annual Information Form (See "Risk Factors" and "Forward-Looking Statements" therein) and other reports on file with applicable securities regulatory authorities which may be accessed through the SEDAR+ website ( or Tourmaline's website ( The forward-looking information contained in this news release is made as of the date hereof and Tourmaline undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise, unless expressly required by applicable securities laws. The reserves data set forth in this new release is based upon internal estimates. There are numerous uncertainties inherent in estimating quantities of crude oil, natural gas and NGL reserves and the future cash flows attributed to such reserves. The reserve and associated cash flow information set forth above are estimates only. In general, estimates of economically recoverable crude oil, natural gas and NGL reserves and the future net cash flows therefrom are based upon a number of variable factors and assumptions, such as historical production from the properties, production rates, ultimate reserve recovery, timing and amount of capital expenditures, marketability of oil and natural gas, royalty rates, the assumed effects of regulation by governmental agencies and future operating costs, all of which may vary materially. For those reasons, estimates of the economically recoverable crude oil, NGL and natural gas reserves attributable to any particular group of properties, classification of such reserves based on risk of recovery and estimates of future net revenues associated with reserves prepared by different engineers, or by the same engineers at different times, may vary. The Company's actual production, revenues, taxes and development and operating expenditures with respect to its reserves will vary from estimates thereof and such variations could be material. BOE EQUIVALENCY In this news release, production and reserves information may be presented on a "barrel of oil equivalent" or "BOE" basis. BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 Mcf:1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. In addition, as the value ratio between natural gas and crude oil based on the current prices of natural gas and crude oil is significantly different from the energy equivalency of 6:1, utilizing a conversion on a 6:1 basis may be misleading as an indication of value. FINANCIAL OUTLOOKS Also included in this news release are estimates of Tourmaline's 2025 cash flow and free cash flow, which are based on, among other things, the various assumptions as to production levels, capital expenditures and other assumptions disclosed in this news release and including Tourmaline's estimated 2025 average production of 635,000 – 665,000 boepd, 2025 commodity price assumptions for natural gas ($3.78/mmbtu NYMEX US, $2.58/mcf AECO, $12.60/mcf JKM US), crude oil ($62.72/bbl WTI US) and an exchange rate assumption (CAD/USD) of $0.71. These estimates are included to provide readers with an understanding of Tourmaline's anticipated cash flow and free cash flow based on the capital expenditure, production, pricing, exchange rate and other assumptions described herein and readers are cautioned that the information may not be appropriate for other purposes. NON-GAAP AND OTHER FINANCIAL MEASURES This news release contains the terms "cash flow", "capital expenditures", "EP spending", "free cash flow", and "operating netback", which are considered "non-GAAP financial measures" and the terms "cash flow per diluted share", "free cash flow per diluted share", "operating netback per boe", and "cash flow per-boe", which are considered "non-GAAP financial ratios". These terms do not have a standardized meaning prescribed by GAAP. In addition, this news release contains the terms "adjusted working capital" and "net debt", which are considered "capital management measures" and do not have standardized meanings prescribed by GAAP. Accordingly, the Company's use of these terms may not be comparable to similarly defined measures presented by other companies. Investors are cautioned that these measures should not be construed as an alternative to or more meaningful than the most directly comparable GAAP measures in evaluating the Company's performance. See "Non-GAAP and Other Financial Measures" in the most recent Management's Discussion and Analysis for more information on the definition and description of these terms. Non-GAAP Financial Measures Cash Flow Management uses the term "cash flow" for its own performance measure and to provide shareholders and potential investors with a measurement of the Company's efficiency and its ability to generate the cash (net of current income taxes) necessary to fund its future growth expenditures, to repay debt or to pay dividends. The most directly comparable GAAP measure for cash flow is cash flow from operating activities. A summary of the reconciliation of cash flow from operating activities to cash flow, is set forth below: Capital Expenditures Management uses the term "capital expenditures" as a measure of capital investment in exploration and production activity, as well as property acquisitions and dispositions, and such spending is compared to the Company's annual budgeted capital expenditures. The most directly comparable GAAP measure for capital expenditures is cash flow used in investing activities. A summary of the reconciliation of cash flow used in investing activities to capital expenditures, is set forth below: EP Spending Management uses the term "EP spending" or exploration and production expenditures as a measure of capital investment in exploration and production activity, and such spending is compared to the Company's annual budgeted exploration and production expenditures. The most directly comparable GAAP measure for EP spending is cash flow used in investing activities. A summary of the reconciliation of cash flow used in investing activities to EP spending is set forth below: Free Cash Flow Management uses the term "free cash flow" for its own performance measure and to provide shareholders and potential investors with a measurement of the Company's efficiency and its ability to generate the cash necessary to fund its future growth expenditures, to repay debt and provide shareholder returns. Free cash flow is defined as cash flow less capital expenditures, excluding acquisitions and dispositions. Free cash flow is prior to dividend payment. The most directly comparable GAAP measure for cash flow is cash flow from operating activities. See "Non-GAAP Financial Measures – Cash Flow" and " Non-GAAP Financial Measures – Capital Expenditures" above. Operating Netback Management uses the term "operating netback" as a key performance indicator and one that is commonly presented by other oil and natural gas producers. Operating netback is defined as the sum of commodity sales from production, premium on risk management activities and realized (loss) on financial instruments less the sum of royalties, transportation costs and operating expenses. A summary of the reconciliation of operating netback from commodity sales from production, which is a GAAP measure, is set forth below: Non-GAAP Financial Ratios Operating Netback per-boe Management calculates "operating netback per-boe" as operating netback divided by total production for the period. Operating netback per-boe is a key performance indicator and measure of operational efficiency and one that is commonly presented by other oil and natural gas producers. A summary of the calculation of operating netback per boe, is set forth below: Capital Management Measures Adjusted Working Capital Management uses the term "adjusted working capital" for its own performance measures and to provide shareholders and potential investors with a measurement of the Company's liquidity. A summary of the reconciliation of working capital (deficit) to adjusted working capital (deficit), is set forth below: Net Debt Management uses the term "net debt", as a key measure for evaluating its capital structure and to provide shareholders and potential investors with a measurement of the Company's total indebtedness. A summary of the composition of net debt, is set forth below: Supplementary Financial Measures The following measures are supplementary financial measures: cash flow per diluted share, operating expenses ($/boe), cash general and administrative expenses ($/boe) and transportation costs ($/boe). These measures are calculated by dividing the numerator by a diluted share count or by total production for the period, depending on the financial measure discussed. ESTIMATED DRILLING INVENTORY This news release discloses drilling locations in respect of the two acquisitions. Drilling locations are categorized as follows: (i) proved undeveloped locations; (ii) probable undeveloped locations; (iii) unbooked locations; and (iv) an aggregate total of (i), (ii) and (iii). Of the 464 (net) locations disclosed in this press release, 119.1 are proved undeveloped locations, 0.0 (net) are proved non-producing locations, 83.7 (net) are probable undeveloped locations, and 261.8 (net) are unbooked. Proved producing wells, proved undeveloped locations, proved non-producing locations, probable undeveloped locations and probable non-producing locations are based on internal estimates and account for drilling locations that have associated proved and/or probable reserves, as applicable, and expected to be booked in the Company's 2025 reserve report. Unbooked locations are internal estimates based on the Company's prospective acreage and an assumption as to the number of wells that can be drilled per section based on industry practice and internal review. Unbooked locations do not have attributed reserves or resources (including contingent and prospective). Unbooked locations have been identified by management as an estimation of the Company's multi-year drilling activities based on evaluation of applicable geologic, seismic, engineering, production and reserves information. There is no certainty that the Company will drill all unbooked drilling locations and if drilled there is no certainty that such locations will result in additional oil and gas reserves, resources or production. The drilling locations on which the Company will actually drill wells, including the number and timing thereof is ultimately dependent upon the availability of funding, regulatory approvals, seasonal restrictions, oil and natural gas prices, costs, actual drilling results, additional reservoir information that is obtained and other factors. While a certain number of the unbooked drilling locations have been derisked by drilling existing wells in relative close proximity to such unbooked drilling locations, the majority of other unbooked drilling locations are farther away from existing wells where management has less information about the characteristics of the reservoir and therefore there is more uncertainty whether wells will be drilled in such locations and if drilled there is more uncertainty that such wells will result in additional oil and gas reserves, resources or production. OIL AND GAS METRICS This news release contains certain oil and gas metrics which do not have standardized meanings or standard methods of calculation and therefore such measures may not be comparable to similar measures used by other companies and should not be used to make comparisons. Such metrics have been included in this document to provide readers with additional measures to evaluate the Company's performance; however, such measures are not reliable indicators of the Company's future performance and future performance may not compare to the Company's performance in previous periods and therefore such metrics should not be unduly relied upon. This news release includes references to Q1 2025 average daily production, Q2 2025 forecast average daily production and 2025 forecast average daily production. The following table is intended to provide supplemental information about the product type composition for each of the production figures that are provided in this news release: (1) For the purposes of this disclosure, condensate has been combined with Light and Medium Crude Oil as the associated revenues and certain costs of condensate are similar to Light and Medium Crude Oil. Accordingly, NGLs in this disclosure exclude condensate. Credit ratings are intended to provide investors with an independent measure of credit quality of an issue of securities. Credit ratings are not recommendations to purchase, hold or sell securities and do not address the market price or suitability of a specific security for a particular investor. There is no assurance that any rating will remain in effect for any given period of time or that any rating will not be revised or withdrawn entirely by a rating agency in the future if, in its judgment, circumstances so warrant. INITIAL PRODUCTION RATES Any references in this news release to initial production rates are useful in confirming the presence of hydrocarbons; however, such rates are not determinative of the rates at which such wells will continue production and decline thereafter and are not necessarily indicative of long-term performance or ultimate recovery. While encouraging, readers are cautioned not to place reliance on such rates in calculating the aggregate production for the company. Such rates are based on field estimates and may be based on limited data available at this time. See also "Forward-Looking Statements", and "Non-GAAP and Other Financial Measures" in the most recently filed Management's Discussion and Analysis. MANAGEMENT'S DISCUSSION AND ANALYSIS AND CONSOLIDATED FINANCIAL STATEMENTS To view Tourmaline's Management's Discussion and Analysis and Consolidated Financial Statements for the periods ended March 31, 2025 and 2024, please refer to SEDAR+ ( or Tourmaline's website at ABOUT TOURMALINE OIL CORP. Tourmaline is Canada's largest and most active natural gas producer dedicated to producing the lowest-development-cost natural gas in North America. 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, cost management, safety and environmental performance improvement, 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. SOURCE Tourmaline Oil Corp.
Time Business News
25-04-2025
- Health
- Time Business News
Black Tourmaline Jewelry: Protective, Powerful, Elegant, Stylish
Have you ever ever felt just like the weight of the world is to your shoulders? Or maybe you've been surrounded through negative power that just drains your temper? In that case, you're no longer by myself. the sector may be a chaotic area, complete of distractions, stress, and negativity. But what if there was a thanks to protect yourself from all that? A way to ground your electricity and sense a experience of balance inside the midst of the typhoon? enter Black Tourmaline, a stone it really is been revered for its protecting and grounding homes for hundreds of years. You would possibly have visible Black Tourmaline jewelry or perhaps even a Black Tourmaline ring sitting on a shelf in a boutique. However have you ever stopped to marvel what makes this stone so special? Why are so many humans turning to Black Tourmaline for protection and healing? In this newsletter, we'll dive deep into the numerous surprising fitness blessings of Black Tourmaline. The way it works, and why you ought to consider adding it on your life. Before we go any similarly, let's take a second to recognize what Black Tourmaline is. Black Tourmaline is a powerful mineral that has been used for hundreds of years in various cultures for safety, healing, and non secular purposes. Acknowledged for its hanging black color, this gemstone is a part of the bigger Tourmaline family, which is available in numerous hues. But it's the black range that stands proud on the subject of its active benefits. This stone is a favorite among crystal healers and electricity employees by virtue of its ability to take in and neutralize poor energies. It's believed to have a excessive vibration that connects deeply with the Earth, presenting grounding power and emotional balance. Whether you put on it as Black Tourmaline rings or preserve it in your table as a protective talisman. This stone is said to offer a mess of blessings. One of the maximum generally recognised blessings of Black Tourmaline is its protecting characteristics. Consider it as a shield on your electricity. Believe you are strolling via a crowd and also you experience like you are being bombarded by using negativity. Maybe it's a irritating conversation, or perhaps you're actually surrounded by way of stressful vibes. Carrying Black Tourmaline can help you beat back these dangerous energies and guard your own energy area. The stone is said to behave like a magnet for terrible energies, pulling them away from you. It is nearly like having an invisible barrier round you that keeps the horrific vibes out. So, in case you frequently sense emotionally drained after being in a crowded area or dealing with tough human beings. A Black Tourmaline ring or piece of jewelry could be your new satisfactory friend. Feeling unbalanced or scattered? Black Tourmaline is understood for its grounding houses, making it an remarkable stone that will help you feel greater linked to the Earth. Believe you are a tree, and your roots are firmly planted in the soil. The Earth offers balance and nourishment, permitting the tree to stand tall and sturdy. That is how Black Tourmaline works to ground your power. When you wear Black Tourmaline rings or carry the stone with you, it is stated that will help you reconnect with the Earth's power, presenting a sense of calm and balance. This grounding impact may be particularly helpful in case you're feeling demanding, burdened, or disconnected out of your environment. It allow you to sense more focused, allowing you to navigate existence's demanding situations with greater ease. All of us go through difficult times. Whether or not it's a breakup, loss, or just the every day grind of existence, emotions can every now and then get the fantastic people. Black Tourmaline is assumed to help with emotional recuperation through absorbing bad feelings and promoting a extra balanced emotional state. By using wearing Black Tourmaline earrings, like a Black Tourmaline ring, you may be aware a shift in your emotional nicely-being. Human beings often file feeling much less overwhelmed and more at peace once they have this stone round. It's not a magic cure-all, but it could definitely assist offer that emotional cushion while life receives hard. You is probably surprised to examine that Black Tourmaline is not simply extraordinary to your emotional and non secular nicely-being. It's additionally believed to have physical fitness advantages. At the same time as there's no medical evidence that Black Tourmaline can therapy illnesses. Many people claim to revel in enhancements of their bodily fitness after incorporating it into their recurring. A few people say that Black Tourmaline helps with cleansing, helping the frame in freeing pollutants and selling typical properly-being. Others believe that it may assist with boosting the immune system and assuaging symptoms of strain-associated illnesses, including complications or fatigue. Whilst those claims aren't guaranteed, many find consolation and relief from the use of the stone of their every day lifestyles. Now which you recognise how effective Black Tourmaline may be, you're probable wondering the way to comprise it into your life. Thankfully, there are numerous methods to use this stone for protection and grounding. Put on Black Tourmaline jewelry: One of the simplest methods to enjoy the advantages of Black Tourmaline is with the aid of wearing it. You can find lovely Black Tourmaline rings, from earrings to necklaces. That make it smooth to hold the stone with you anywhere you go. A Black Tourmaline ring, as an instance, can be a elegant way to protect your electricity at some point of the day. Carry a Tumbled Stone: In case you choose not to put on earrings, you can deliver a small tumbled piece of Black Tourmaline for your pocket or bag. This is an smooth way to hold the protecting power close to you, particularly whilst you recognise you'll be in difficult environments. Place it in your property or workplace: area a Black Tourmaline stone in your private home or workspace to take in any negative strength. Many humans region it near their front door, of their bedroom, or maybe on their table to shield their space. Meditate with Black Tourmaline: For folks who meditate, Black Tourmaline may be a effective tool to ground your strength and protect your charisma during your practice. Without a doubt maintain the stone or vicinity it at the floor near you whilst you meditate. Within the global of electricity recuperation, Black Tourmaline is regularly related to the root Chakra, the electricity middle placed at the base of your spine. The root Chakra is answerable for grounding, stability, and emotions of safety. When this chakra is out of balance, you may experience irritating, ungrounded, or disconnected. By means of the use of Black Tourmaline, you're stated to assist balance and align your Root Chakra. This will lead to greater emotions of safety, balance, and a greater stable connection to the Earth. In case you're feeling unbalanced or disconnected, incorporating Black Tourmaline into your every day recurring may be a useful thanks to repair concord to this important power center. If you're interested in wearing Black Tourmaline as a form of safety and grounding, you'll want to pick out the proper piece of jewelry. Whilst selecting Black Tourmaline rings, it's essential to focus at the nice of the stone, in addition to the format that resonates with you individually. A Black Tourmaline ring is an wonderful choice for each day put on, as it keeps the stone close to your electricity discipline. Look for a ring with a robust putting, so you don't have to worry approximately losing the stone. Moreover, think about the scale and form of the stone. A few human beings decide on huge, statement portions, even as others choose smaller, greater diffused designs. Black Tourmaline is extra than just a quite gemstone. It's a stone that's deeply linked to the Earth and is known for its defensive, grounding, and healing homes. Whether or not you're looking to shield yourself from bad energy, locate emotional balance, or floor your strength, Black Tourmaline can offer a powerful assist system. So, next time you're inside the marketplace for a brand new piece of jewelry, why not attempt a Black Tourmaline ring or a few Black Tourmaline jewelry? No longer solely will you be including a lovely accent to your series, but you'll additionally be welcoming the protecting electricity that includes it. Embody the electricity of Black Tourmaline and notice how it may transform your energy and nicely-being. 1. What's Black Tourmaline used for? People frequently use Black Tourmaline for protection and grounding. They believe it absorbs negative strength, promotes emotional healing, and connects them with the Earth's electricity. 2. How do you wear Black Tourmaline for safety? You could put on Black Tourmaline as rings, which includes a Black Tourmaline ring or necklace. As an alternative, you may bring a tumbled stone to your pocket or vicinity it in your home. 3. Does Black Tourmaline heal physical illnesses? Even as there is no medical proof to support the recuperation of physical illnesses. Many people file feeling higher after the use of Black Tourmaline for emotional or energetic balance. 4. Is Black Tourmaline safe to put on every day? Sure, Black Tourmaline is safe to put on each day. Many human beings pick to wear it as a each day protecting talisman. 5. Can Black Tourmaline assist with emotional healing? Yes, Black Tourmaline is believed to assist with emotional recovery through soaking up poor emotions and selling a experience of peace and stability. TIME BUSINESS NEWS
Associated Press
03-03-2025
- Business
- Associated Press
Tourmaline Bio to Present at the Leerink Partners Global Healthcare Conference 2025
NEW YORK, March 03, 2025 (GLOBE NEWSWIRE) -- Tourmaline Bio, Inc. (Tourmaline) (NASDAQ: TRML), a late-stage clinical biotechnology company developing transformative medicines to dramatically improve the lives of patients with life-altering immune and inflammatory diseases, today announced that Sandeep Kulkarni, MD, Co-Founder and Chief Executive Officer, is expected to participate in the following investor conference: Leerink's Global Healthcare Conference 2025, Miami Fireside Chat Tuesday, March 11, 2025, at 4:20 pm ET A live webcast and replay, when available, will be available under 'Events and Presentations' in the News & Investors section of the Tourmaline Bio website at About Tourmaline Bio Tourmaline is a late-stage clinical biotechnology company driven by its mission to develop transformative medicines that dramatically improve the lives of patients with life-altering immune and inflammatory diseases. Tourmaline's lead asset is pacibekitug (also referred to as TOUR006). For more information about Tourmaline Bio and pacibekitug, please visit or follow us on LinkedIn or X. Media Contact Scient PR Sarah Mishek Investor Contact Meru Advisors Lee M. Stern
