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Tourmaline Oil Corp.

Tourmaline Oil Corp.

Sector: Crude Petroleum And Natural Gas Region: Canada


: | Toronto Stock Exchange: TOU | Berlin Stock Exchange: 08T | OTC Markets: TRMLF


Tourmaline commenced active operations in the fall of 2008 with the objective of building a successful Canadian intermediate crude oil and natural gas exploration, development and production company with a long-term business strategy similar to that of Duvernay Oil Corp. and Berkley Petroleum Corp., companies previously founded and managed by certain key members of Tourmaline’s senior management team. During the two-year period since commencing active operations, Tourmaline, through a series of strategic acquisitions, farm-ins and land acquisitions combined with its active capital exploration and development program, has assembled an extensive undeveloped land position with a large, multi-year drilling inventory and operating control of important natural gas processing and transportation infrastructure in two core long-term growth areas – the Alberta Deep Basin and the Greater Peace River High. Tourmaline is executing a large-scale, repeatable capital exploration and development program in these two core long-term growth areas.

Tourmaline’s long-term business strategy is to increase shareholder value by building an extensive asset base over two to three core exploration and production areas and exploiting and developing these areas to increase reserves, production and cash flows at an attractive return on invested capital. The Company seeks to execute this strategy by: aggressively drilling and developing its extensive undeveloped land position; adopting and employing advanced drilling and completion techniques; enhancing returns by focusing on operational and cost efficiencies; pursuing strategic acquisitions with significant potential synergies; and wildcat exploration drilling for new pool discoveries.

Management believes Tourmaline has a number of competitive advantages that management expects will help the Company successfully execute its long-term business strategy including: an extensive undeveloped land position in two long-term growth areas; a large, multi-year drilling inventory; an incentivized management team with demonstrated operating and acquisition skills; majority operating control of the Company’s core assets; a strong balance sheet; and a focus on operational efficiencies and cost containment.

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Executives

Michael L. Rose, Chairman, President and Chief Executive Officer
Michael L. Rose has more than 30 years of experience in the oil and natural gas industry. Mr. Rose founded and served as President and Chief Executive Officer of Duvernay and Berkley. Prior to that, he was employed for 14 years at Shell Canada in various exploration and production positions and was Manager of Exploration and Petroleum Engineering Research at the time he departed to found Berkley in 1993. Mr. Rose holds a Bachelor of Science in Geology from Queen's University.
Brian G. Robinson , Director and Vice President, Finance and Chief Financial Officer
Brian G. Robinson has 30 years experience in the oil and natural gas industry. Mr. Robinson also served as Vice President, Finance and Chief Financial Officer for Duvernay and Berkley. Prior to these appointments, he held various finance and accounting positions in public oil and gas companies. Mr. Robinson holds a Bachelor of Commerce degree from the University of Calgary and is a Chartered Accountant.
Jill T. Angevine, Director and Executive Vice President, Exploration
Vice President, Portfolio Manager at Matco Financial Inc. Prior thereto, Vice President and Director, Institutional Research at FirstEnergy Capital Corp.
Allan J. Bush, Vice President, Production and Chief Operating Officer
Vice President and Chief Operating Officer of Tourmaline since April 2014, prior thereto VP of Production since March 2013. Prior to March 2013, Completions and Operations Engineering Manager of Tourmaline and before that Completions and Operations Engineering Manager of Duvernay Oil Corp.
Ronald J. Hill , Vice President, Exploration
Ronald J. Hill has 30 years experience working in the oil and natural gas industry, with an emphasis on the play geology of the WCSB. Mr. Hill began his professional career at Petro-Canada; rising to the position of Exploration Team Leader for NEBC. For the majority of the last 15 years, he has worked at Berkley, Duvernay and now Tourmaline with increasing roles and responsibilities. Mr. Hill holds a Bachelor of Science, with honours, in Geology, graduating in 1980 from the University of Western Ontario.
Drew E. Tumbach , Vice President, Land and Contracts
Drew E. Tumbach has more than 25 years of experience in the oil and gas industry. Mr. Tumbach was Vice President, Land and Contracts at Duvernay and prior to that, was Vice President, Land at Anadarko Canada Corporation, following his tenure at Berkley as Vice President, Land and Contracts. Mr. Tumbach holds a Bachelor of Commerce degree from the University of Calgary and is a member of the Canadian Association of Petroleum Landmen.
W. Scott Kirker , Secretary and General Counsel
W. Scott Kirker has over 29 years of legal experience. Prior to joining Tourmaline, Mr. Kirker served as Manager of Corporate Affairs at Duvernay. Mr. Kirker has held various legal positions in private corporations and teaching positions at the University of Calgary Haskayne School of Business. Mr. Kirker is a member of the Law Society of Alberta and holds a Bachelor of Arts and Masters of Science degree from the University of Calgary and a Bachelor of Law from the University of Alberta.

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