Tourmaline Oil Corp. (TSX:TOU) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 14,943,420 shares, representing 5% of its outstanding common shares.

The shares purchased under the NCIB will be cancelled. The bid will expire no later than July 19, 2022. As of July 9, 2021, the company had 298,868,400 outstanding common shares.