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How it Works. Create a Profile Create your profile in seconds with our easy -up. Browse Photos Search our large member base with ease, with a range of preferences and settings. Start Communicating Send a message or interest to start communicating with members. You might also be interested. Free cash flow is prior to dividend payments. Based on oil and gas commodity strip pricing at October 27, Reserves are working interest gross reserves before deduction of royalties payable to others and without including any royalty interests.
Total revenue from commodity sales and realized gains. Cash flow per share diluted 3. Net earnings loss per share diluted. Capital expenditures net of dispositions. Weighted average shares outstanding diluted. Product prices include realized gains and losses on risk management and financial instrument contracts.
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Tourmaline will host a conference call tomorrow, November 5, starting at a. To participate, please dial toll-free in North Americaor international dial-ina few minutes prior to the conference call. 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. Further, the ability of Tourmaline to pay dividends will be 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.
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Our site has. 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 could differ materially from those currently anticipated due to a of factors and risks. Readers are cautioned that the foregoing list of factors is not exhaustive.
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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.
Also included in this news release are estimates of Tourmaline's exit net debt-to-cash flow ratio as well as cash flow and cash flow from the Jupiter and Modern acquisitions, which are based on, among other things, the various assumptions as to production levels, capital expenditures, annual cash flows and other assumptions disclosed in this news release and including Tourmaline's estimated average production of—boepd for and 75, — 85, boepd average production related to the Modern and Jupiter acquisitions.
To the extent such estimates constitute financial outlooks, they were approved by management and the board of directors of Tourmaline on November 4, and are included to provide readers with an understanding of Tourmaline's anticipated exit net debt-to-cash flow ratio and cash flow and free cash flow based on the capital expenditure, production and other assumptions described herein and readers are cautioned that the information may not be appropriate for other purposes.
In particular, readers are cautioned that estimates for are provided for illustration only as budgets and forecasts beyond have not been finalized and are subject to a variety of factors including prior year's. This news release includes references to "free cash flow", "cash flow", "net debt" and "net capital expenditures" which are financial measures commonly used in the oil and gas industry and do not have a standardized meaning prescribed by International Financial Reporting Standards "GAAP".
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