Technological developments, including the drilling of horizontal multi-stage fracture stimulation wells, have allowed access to the thickest, highest pressured and highest deliverability fine grained sandstone reservoirs of the Montney in the NEBC play area. Tourmaline’s Montney EP program has been focused in the Groundbirch/Sunrise/Dawson area of the Peace River Arch, as well as the Gundy CK area, which the Company acquired through a significant asset acquisition in 2016

Tourmaline owns and operates five significant natural gas processing facilities with aggregate capacity of 325 MMcf/d with related gas gathering systems and NGL handling infrastructure. The Company is also planning a new 200 MMcf/d facility at Gundy in 2019 to efficiently process the liquids-rich natural gas produced as a result of ongoing development in the Gundy CK area including installation of an ethane rejection deep-cut gas processing facility. Tourmaline has also begun phase 2 construction of the Gundy Deep Cut Plant, with expected start-up for early 2022 adding another 200MMcf/d of capacity.