Option-related selling at Tourmaline Oil (TOU)

Option-related selling at Tourmaline Oil (T:TOU)

The following insiders exercised Options and sold the following Common Shares into the public market.

Ronald John Hill, a Senior Officer, disposed of 40,000 Common Shares on a direct ownership basis at a price of $28.326 on May 11th, 2017. This represents a $1,133,060 divestment of the company's shares and an account share holdings change of -10.6%.

Drew E. Tumbach, a Senior Officer, disposed of 40,000 Common Shares on a direct ownership basis at a price of $28.080 on May 12th, 2017. This represents a $1,123,200 divestment of the company's shares and an account share holdings change of -4.4%.

Tourmaline Oil is in the Oil & Gas Exploration and Production Sub Industry Group under the Energy Sector.

Tourmaline Oil Corp. is a Canada-based intermediate crude oil and natural gas exploration and production company. The Company is engaged in the acquisition, exploration, development and production of petroleum and natural gas properties. The Company is focused on exploration and acquisition program in the Western Canadian Sedimentary Basin. Its core areas include the Alberta Deep Basin, north east British Columbia (NEBC) Montney and Peace River High Regional Charlie Lake. It holds interests in 13 natural gas plants in the Alberta Deep Basin, 10 of which, the Wild River 14-20, the Hinton 6-32, the Minehead 15-12, the Anderson 1-9, the Musreau 8-13, the Edson 4-17, the Ansell 1-34, the Brazeau 15-36, the Oldman 10-24 and the Sundance 15-7 are owned and operated by the Company. The Peace River High in NEBC is focused on liquids rich natural gas in the Triassic Montney formation. It has drilled approximately 200 Montney multi-stage fracture-stimulated horizontal natural gas wells in NEBC.