Tourmaline has also entered into an agreement with Topaz on the Black Swan and Paramount Birch assets in NEBC, whereby Tourmaline will grant a GORR to Topaz (4% on gas for 2021-2023, reducing to 3 ...

Under the deal, Tourmaline will issue 26 million of its shares for Black Swan. It will also assume up to $350-million of debt, bringing the total value of the acquisition to $1.1-billion.

Tourmaline will acquire an expected average production capacity of over 50,000 boepd when the deal closes, likely in the second half of July. The company, which also raised its dividend by 1 Canadian ...