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Tourmaline Oil Corp. (TSX – TOU) (“Tourmaline” or the “Company”) continues its impressive run as one of the largest, most efficient producers of oil and gas in Canada. In January 2021 alone, the company has covered a well-depth of over 360 million meters which is about 22.6% of all drilling activities in Canada for January. Other very active licensees include Canada Natural Resources and Cenovus with 17% and 11.5% respectively of Canada’s total well-depth at the end of January 2021. Tourmaline’s perfect start of the year comes after the strategic acquisition of Jupiter Resources . This ensured 2P reserves of 357 mmboe, over 500 net sections of land (average working interest 84%), and working interests in three. Simultaneously, two of it is operated in the deep cut natural gas processing plants in the Resthaven and Kakwa areas.
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