Tourmaline Oil: DECLARES A QUARTERLY DIVIDEND

AlbertaTourmaline Oil Corp. (TSX – TOU) (“Tourmaline” or the “Firm”) is happy to announce that its Board of Administrators has declared a quarterly money dividend on its frequent shares of CA $ 0.17 per frequent share.

The dividend will probably be payable on September 29, 2021 to shareholders of file on the shut of enterprise on September 15, 2021. This quarterly money dividend is known as an “eligible dividend” for Canadian earnings tax functions.

CURRENCY

All quantities on this press launch are expressed in Canadian {dollars}, until in any other case indicated.

FORWARD-LOOKING INFORMATION

This press launch incorporates forward-looking data and statements (collectively, “forward-looking data”) inside the that means of relevant securities legal guidelines. Using any of the phrases “anticipate”, “count on”, “anticipate”, “proceed”, “estimate”, “goal”, “in progress”, “on monitor”, “might”, “will”, “plan”, “ought to”, “consider”, “plans”, “intentions” and related expressions are meant to establish forward-looking data. Extra notably and with out limitation, this press launch incorporates data forward-looking statements relating to the longer term declaration and fee of dividends and the timing and quantity thereof which assume the provision of free money stream to fund such dividends. Ahead-looking data relies on sure key expectations and assumptions made by Tourmaline, together with expectations and assumptions relating to the next: present and future commodity costs and trade charges; the diploma to which operations and manufacturing of Tourmaline will probably be disrupted by circumstances attributable to the COVID pandemic 19 and authorities and public responses to the pandemic; relevant royalty charges and tax legal guidelines; rate of interest; future effectively manufacturing charges and reserve volumes; working prices, timing of receipt of regulatory approvals; the efficiency of present wells; success in drilling new wells; the timing and anticipated outcomes of capital expenditures; the adequacy of the capital expenditure budgeted for the conclusion of the deliberate actions; the timing, location and extent of future drilling operations; the advantages to be derived from acquisitions; the state of the financial system and exploration and manufacturing actions, together with the impacts of the COVID-19 pandemic and the responses of governments and the general public to the pandemic thereon; the provision and value of financing, labor and companies; and the power to efficiently market crude oil, pure gasoline and pure gasoline liquids. With out limitation of the foregoing, future dividend funds, if any, and their degree are unsure because the dividend coverage of the Firm and the funds out there for the fee of dividends now and again rely, amongst different issues, on the free money stream, the monetary necessities for the operations of the Firm and the execution of its development technique, fluctuations in working capital and the timing and quantity of capital expenditures, the necessities of debt service and d different elements past the management of the Firm. As well as, Tourmaline’s means to pay dividends will probably be topic to relevant legal guidelines (together with satisfaction of the solvency take a look at contained in relevant firm regulation) and to contractual restrictions contained within the devices governing its indebtedness, together with its facility. credit score. Though Tourmaline believes that the expectations and assumptions upon which this forward-looking data relies are cheap, forward-looking data shouldn’t be relied on unduly as Tourmaline can not assure that it’s going to show to be right. As a result of forward-looking data offers with future occasions and circumstances, by its very nature it entails inherent dangers and uncertainties. Precise outcomes might differ materially from these at present anticipated as a consequence of numerous elements and dangers. These embrace, however are usually not restricted to: dangers related to the oil and gasoline business basically, comparable to operational dangers associated to improvement, exploration and manufacturing; delays or modifications in plans for exploration or improvement tasks or capital expenditures; the unsure impacts of COVID-19 on Tourmaline’s enterprise, and the societal, financial and authorities response to COVID19; the uncertainty of estimates and projections of reserves, manufacturing, revenues, prices and expenditures; dangers to well being, security and the setting; fluctuations in commodity costs and trade charges; rate of interest fluctuations; advertising and marketing and transport; lack of markets; environmental dangers; competetion; poor evaluation of the worth of acquisitions; the lack to comprehend or notice the anticipated advantages of acquisitions or disposals; means to entry ample capital from inner and exterior sources; uncertainties related to counterparty credit score threat; failure to acquire required regulatory and different approvals and modifications in laws, together with, however not restricted to, tax legal guidelines, royalties and environmental rules. Readers are cautioned that the above record of things is just not exhaustive. Extra data on these and different elements that would have an effect on Tourmaline, or its operations or monetary outcomes, is included within the newest MD&A filed by the Firm, the Annual Info Type and different studies filed with the regulatory authorities. relevant securities rules and could be seen via the SEDAR web site (www.sedar.com) or the Tourmaline web site (www.tourmalineoil.com).

The forward-looking data contained on this press launch is made as of the date hereof and Tourmaline assumes no obligation to publicly replace or revise any forward-looking data, whether or not on account of new data, future occasions or in any other case, until expressly required by relevant securities legal guidelines.

IN REGARDS TO TOURMALINE OIL CORP.

Tourmaline is a number one Canadian exploration and manufacturing firm of premium crude oil and pure gasoline targeted on delivering sturdy, predictable long-term development and constant shareholder returns via a aggressive exploration, improvement, manufacturing and acquisition program within the Western Canada Sedimentary Basin by constructing its huge asset base in its three foremost exploration and manufacturing areas and by exploiting and creating these areas to extend reserves, manufacturing and money stream at a gorgeous return on invested capital.

Contact:

Michel rose

Telephone. : (403) 266-5992

Net: www.tourmalineoil.com

About Edith J.

Check Also

Have you ever thought of an escalation clause to cope with rising prices? | Smith Gambrell Russell

Earlier this 12 months, hovering prices for lumber and different constructing supplies made headlines within …