03:41 PM EST - Tourmaline Oil Corp. : provided an update of ongoing EP activities. Current daily production is approximately 23,000 boepd, approximately 120 mmcfpd of natural gas and approximately 3000 bblpd of oil, condensate and liquids. Tourmaline is expecting 2011 average production levels of approximately 27,700 boepd, representing 57% growth over 2010 average production levels of 17,700 boepd. The Company expects to average in excess of 30,000 boepd by the fourth quarter of 2011. Corporate oil and liquid rates are expected to reach the 5,000 boepd level in the second half of 2011 (18% of overall production). Tourmaline Oil Corp.
shares T.TOU are trading up $0.23 at $21.23.
