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Peers Oil Companies. (403) 767-3587 1100, Bow Valley Square 3 Calgary, AB T2P 2W1 ; Canada A measure of oil and gas sales net of royalties, production and transportation expenses. A copy of Tourmaline’s early warning report will appear on Chinook’s profile on SEDAR at www.sedar.com and may also be obtained by contacting Scott Kirker, Secretary and General Counsel of Tourmaline, at (403) 767-3593 or scott.kirker@tourmalineoil.com. They also introduced us to a new marketing strategy of building direct relationships with the underwriting community. We can always rely on their guidance and exceptionally prompt responses. —Marcia Elaschuk, CMA Controller, Divestco Inc. Phone: (403) 266-5992 Brian Robinson (403) 767-3593 Our first renewal went much smoother than I ever could have expected, and we really enjoyed working with them. —Lance DunnChief Financial Officer, Battle River Energy Ltd. We can always count on Iridium to be available at a moment’s notice. The Chinook Shares will be delisted from the Toronto Stock Exchange within two to three business days. Tourmaline is a Canadian senior crude oil and natural gas exploration and production company focused on long-term growth through an aggressive exploration, development, production and acquisition program in the Western Canadian Sedimentary Basin. 255 – Fifth Avenue SW Whether it be to discuss a random insurance related topic, review a contract, or request documentation for board level meetings, they always deliver regardless of timing. Tourmaline Oil Corp. ... Director of Finance and Administration & Corporate Secretary, Sultran Ltd. Read Testimonials. Secretary and General Counsel The people at Iridium are true risk management and insurance professionals and I would strongly recommend their services to any firm operating in our industry. 780-865-4277. Hinton Oil Companies. The Iridium team brings extensive oil and gas experience, together with useful benchmarking, market research and relationships with insurers that results in intelligent and cost effective risk solutions. scott.kirker@tourmalineoil.com, Tourmaline Oil Corp. Tourmaline Oil Corp. As we approached our first renewal with Iridium, I was extremely impressed by the team’s operational technical expertise in helping us construct an insurance program most suitable for our risks and their ability to clearly and concisely explain everything as we went through the process. —Scott Kirker Secretary and General Counsel, Tourmaline Oil Corp. As we approached our first renewal with Iridium, I was extremely impressed by the team’s operational technical expertise in helping us construct an insurance program most suitable for our risks and their ability to clearly and concisely explain everything as we went through the process. 780-795-7360. We now consider them to be our partner in risk management. Their professionalism, ability to speak on a technical level and refreshing style are all big reasons why our firms continue to do business. We appreciate that they stay connected to Seven Generations Energy throughout the year and provide consistently excellent customer service. Chinook is a Calgary-based oil and natural gas exploration and development company with a large contiguous Montney liquids-rich natural gas position at Birley/Umbach, British Columbia. —Bruce Sherley P.Eng, President, Dundee Oil and Gas Ltd. I pass on the gratitude of our entire executive team for this support, as I have to say that without your assistance I do not believe we would have achieved the success we have had recently at Sarqala. HEAD OFFICE 1000, 600 – 3rd Avenue S.W. —Steve Downing Manager. Iridium developed and executed an intelligent marketing strategy which resulted in a competitively priced insurance program that reflected our exposure needs. About Tourmaline Oil Corp. ... production and acquisition program in the Western Canadian Sedimentary Basin. Calgary, Alberta T2P 3H7 Connect With Us Get in touch. Facsimile: (403) 266-5952, E-mail: info@tourmalineoil.com Risk and Treasury, Crescent Point Energy Corp. We have an expectation at Enerplus for accuracy and timely service. —Marley Drainville Manager Risk Management, Enerplus, 1100, Bow Valley Square 3 The people at Iridium are true risk management and insurance professionals and I would strongly recommend their services to any firm operating in our industry. —Barry C. Taylor, CAVP Finance and Administration, Propak Systems Ltd. Iridium’s energy industry knowledge, technical expertise, and meticulous attention to detail gives us the confidence that our exposures are properly managed. Calgary, Alberta – Chinook Energy Inc. (TSX: CKE) (“Chinook”) is pleased to announce that it has completed its previously announced plan of arrangement (the “Arrangement“) pursuant to which Tourmaline Oil Corp. acquired all the issued and outstanding common shares of Chinook (“Chinook Shares“) for cash consideration of $0.0675 per Chinook Share or approximately $15 million in aggregate, exclusive of assumed debt. Iridium’s understanding of our objectives, understanding of our industry and their risk-based consultative process was exactly what we needed. Iridium generated underwriter interest in our account through a strategic marketing exercise that resulted in policy coverage improvements alongside a reduction in premium. Propak is pleased to be working with such a talented and committed team at Iridium. The team at Iridium understands our business and works tirelessly to get us the best coverage possible at the best rates possible. Tourmaline Oil Corp. Fraser Surrey Docks is undertaking significant changes to our operations and we were looking for an expert who would work with us to address our evolving risk needs. Suite 3700, 250 – 6th Avenue S.W. Not only did it pay dividends at the time Iridium first became our broker, but it has continued to do so in subsequent renewals. —Kevin Johnston, CA Vice President, Accounting & Controller, Seven Generations Energy Ltd. Iridium’s energy industry knowledge, technical expertise, and meticulous attention to detail gives us the confidence that our exposures are properly managed. Iridium (Head Office) 1100, Bow Valley Square 3 255 – Fifth Avenue SW Calgary, AB T2P 3G6. Directors and Officers now serve at greater personal risk than ever before. Iridium impresses our team with their ability to develop intelligent risk solutions and they have more than delivered on their promise to be our strongest claims advocate. Tourmaline Oil Corp. Iridium’s unique approach and in depth understanding for our business made for a thorough and seamless insurance placement. We also require our Broker have legal & policy expertise and the technical resources to enable us to fully manage our portfolio of risk exposures. Vice President, Finance and Chief Financial Officer Chinook has also applied to cease to be a reporting issuer in all provinces and territories of Canada. CALGARY, Feb. 24, 2020 /CNW/ - Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the "Company") is pleased to announce a series of transactions in the NEBC Montney gas/condensate complex. Chairman, President and Chief Executive Officer Mosaic Energy Ltd (42.9 km) Niton Junction, AB, T0E 1S0. 780-693-2400. Iridium’s knowledge and strong service focus gives us confidence in knowing the job will get done right! —Scott Kirker Secretary and General Counsel, Tourmaline Oil Corp. ical, energy-specific risk management expertise, Industrial (Manufacturing and Marine) Expertise, Confidence of knowing insurance dollars are being spent the most efficiently. Overall, I am extremely pleased with the exceptional level of service provided by Iridium and value them as a trusted business partner. Harvest Operations Corp. 1500, 700 2nd Street S.W. We are thrilled to have Iridium as a valued partner in risk management. Calgary, Alberta T2P 0G5 Phone: 403-261-6401 Fax: 403-261-6424 Email: info@birchcliffenergy.com SPIRIT RIVER OFFICE Calgary, AB T2P 3G6, Tel: 403.263.9654 The legal environment surrounding the duty of care borne by Ds and Os is ever evolving, as judicial interpretations and changing statutes continue to place more liability on management and executives. Without question, I would recommend Iridium as a risk management partner to anyone. Michael Rose 255 – Fifth Avenue SW This is a non-GAAP measure used specifically in the oil and gas industry as a benchmark to compare performance between different areas of operations and different peer companies. In addition, they worked closely with our staff to compile the data requested by our insurance providers. Their collaborative and analytical approach enabled us to gain a better handle of our exposures and allowed us to put rigour around our many risk-improvement initiatives. We appreciate that they stay connected to Seven Generations Energy throughout the year and provide consistently excellent customer service. Tourmaline Oil Corp. Athabasca Oil Corporation is a differentiated Canadian energy company focused on sustainable resource development of thermal and light oil assets. In order to identify our exposures, the team at Iridium invested the time required to understand our existing business and the new acquisitions. Calgary, AB T2P 3G6, Public Offering of Securities Insurance (POSI), Industrial (Manufacturing and Marine) Expertise. Iridium has been great at bringing forward ideas, issues and solutions that have helped Perpetual build a better insurance program. The Iridium team were able to negotiate a fair price for Battle River, in a tough market, and was always quick to respond to any questions we had. Iridium analyzed our insurance program and policies, identifying gaps in coverage and wording improvements and proposing and placing new policies, ultimately optimizing our insurance program. —Dave Hawkins, CA Further details regarding the Arrangement are included in Chinook’s information circular dated March 10, 2020, a copy of which is available under Chinook’s profile on SEDAR at www.sedar.com.

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