Tenth Avenue Petroleum Corp. is pleased to announce its financial and operating results for the three months ended June 30, 2022. The associated managements' discussion and analysis and unaudited interim statements as at the end of the three months ended June 30, 2022 ca be found at www.sedar.com and www.tenthavenuepetroleum.com The Company's key achievements in the second quarter of 2022 included the following: Achieved [...]
Tenth Avenue Petroleum Corp. is pleased to announce its financial and operating results for the three months ended March 31, 2022. The associated management's discussion and analysis and unaudited interim statements as at and for the three months ended March 31, 2022 can be found at www.sedar.com and www.tenthavenuepetroleum.com The Company's key achievements in the first quarter of 2022 included the following: Q1/22 [...]
Tenth Avenue Petroleum Corp. is pleased to announce updates to its Enhanced Oil Recovery project at Murray Lake, Alberta. The project is designed to increase oil recovery and extend the life of the field by injection of fluids into the existing producing reservoir. The Company announced the closing of 76 bbls/d of high quality, high netback, low decline oil assets in the Murray Lake and Hays area of Southern Alberta. The [...]
Tenth Avenue Petroleum Corp. is pleased to announce that further to the Company's press release dated January 13, 2022, the Company has closed the acquisition of high quality, low decline, high netback, oil production in the Murray Lake and Hays areas of Southern, Alberta from Avalon Energy Ltd. . The Acquisition is accretive on a production, cashflow and reserves basis. The consideration for the Acquisition was [...]
Tenth Avenue Petroleum is pleased to announce that, further to the Company's press release dated Jan 17, 2022, the Company has closed its previously announced non-brokered private placement and raised gross proceeds of $3,138,750 at a price of $0.25 per unit from the sale of 12,555,000 Units. Pursuant to this Offering, each Unit consists of one common share of the Company and one-half of one common share purchase warrant [...]
Tenth Avenue Petroleum is pleased to announce a non-brokered private placement offering of up to 12,000,000 units at a price of CDN $0.25 per Unit for aggregate gross proceeds of up to CDN$3,000,000. Each Unit will consist of one common share of the Company and one-half of one common share purchase warrant. Each whole Warrant issued under the Financing will entitle the holder to acquire one additional Common Share at a [...]
Tenth Avenue Petroleum is pleased to announce it has entered into an agreement with Avalon Energy to acquire high quality, crude oil assets including 88 bbls/d of low decline, high netback, oil production in the Murray Lake and Hays areas of Southern, Alberta. The transformative Acquisition is accretive on a production, cashflow and reserves basis. Total consideration for the Acquisition is $2,500,000, payable with [...]
Tenth Avenue Petroleum Corp. is pleased to announce it has completed a reorganization of the business, which provides, among other things; (i) the appointment of a new management; and (ii) the reconstitution of the board of directors of Tenth Avenue, (iii) the closing of the Plan of Arrangement and, (iv) the completion of the acquisition of Swan Hills Unit, as further disclosed below and previously disclosed in the Press [...]
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