Tenaz Energy Corp. is pleased to announce its 2026 production and capital guidance. Our Board of Directors has approved a capital expenditure budget of $250 to $275 million. Production guidance for 2026 is 19,500 to 22,500 boe/d1, reflecting year-over-year production growth of approximately 115% from 2025. 2026 Guidance Average production volume 19,500 to 22,500 boe/d Capital expenditures2 $250 to $275 million This [...]
Tenaz Energy Corp. is pleased to announce increased share ownership of the directors and officers of Tenaz following the exercise of warrants and stock options. The warrants were previously issued under the non-brokered private placement of units completed as part of the Company's recapitalization transaction in 2021, with an expiry date in October 2026. The stock options were granted in November 2021 as long-term [...]
Tenaz Energy Corp. is pleased to announce financial and operating results for the three and nine months ended September 30, 2025. The unaudited interim condensed consolidated financial statements and related management's discussion and analysis are available on SEDAR+ at www.sedarplus.ca and on Tenaz's website at www.tenazenergy.com. Select financial and operating information for the three and nine months ended September [...]
Tenaz Energy Corp. is pleased to announce the signing and closing of the acquisition of the issued and outstanding shares of a private company , with interests in the Gateway to the Ems[1] project on the boundary of the Dutch and German sectors of the North Sea. Purchase price was US$244 million , comprised of US$232 million in cash and US$12 million in Tenaz common shares, with contingent consideration of up to US$60 [...]
Tenaz Energy Corp. is pleased to announce the results from its annual meeting of shareholders held on May 29, 2025. A total of 10,546,547 Common Shares, representing 37.41% of the Company's issued and outstanding Common Shares, were represented in person or by proxy at the Meeting. All of the matters put forward before the shareholders, as set out in the Company's management information circular dated April 25, 2025, were [...]
/ NON-MATERIAL INFORMATION / Tenaz Energy Corp. is pleased to announce financial and operating results for the three months ended March 31, 2025. The unaudited interim condensed consolidated financial statements and related management's discussion and analysis are available on SEDAR+ at www.sedarplus.ca and on Tenaz's website at www.tenazenergy.com. Select financial and operating information for the three months ended [...]
Tenaz Energy Corp. is pleased to announce financial and operating results for the three months ended March 31, 2025. The unaudited interim condensed consolidated financial statements and related management's discussion and analysis are available on SEDAR+ at www.sedarplus.ca and on Tenaz's website at www.tenazenergy.com. Select financial and operating information for the three months ended March 31, 2025 appear below and [...]
Tenaz Energy Corp. is pleased to announce that it has completed the acquisition of 100% of the shares of NAM Offshore B.V. from Nederlandse Aardolie Maatschappij B.V. , a joint venture between Shell plc and ExxonMobil Corporation, and assumed operatorship of NOBV . Concurrent with closing of the Acquisition, NOBV has been renamed Tenaz Energy Netherlands B.V. . Cash at Close As a result of free cash flow and other [...]
Tenaz Energy Corp. is pleased to announce that it has completed nearly all of the required transition activities to assume operatorship and to close the previously announced acquisition of NAM Offshore B.V. from Nederlandse Aardolie Maatschappij B.V. , a joint venture between Shell plc and ExxonMobil Corporation. Based on our most recent timeline, closing of the NOBV acquisition is expected to occur on May 1, 2025, at [...]
Tenaz Energy Corp. is pleased to announce that we have received Toronto Stock Exchange approval of our notice of intention to make a Normal Course Issuer Bid . The NCIB will commence on February 14, 2025 and end on February 13, 2026, or such earlier date as we may determine or we may complete purchases pursuant to the NCIB. The NCIB will be funded from current cash-on-hand and future free cash flow to purchase our common [...]
Tenaz Energy Corp. is pleased to announce its 2025 guidance, prior to the closing of the acquisition of NAM Offshore BV . Tenaz will update its 2025 guidance reflecting additional investment and production from NOBV after closing, which is projected to occur at mid-year 2025 or earlier. Our Board of Directors has approved a drilling and development capital budget of $30 to $34 million. We also intend to invest [...]
Tenaz Energy Corp. is pleased to announce closing of its previously announced private placement offering of $140 million aggregate principal amount of Senior Unsecured Notes due 2029 . The Notes replace the $90 million delayed-draw term loan provided by National Bank of Canada to facilitate the acquisition of NAM Offshore B.V. . Completion of the Offering provides significant liquidity to pursue our international M&a [...]
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