Welcome to our dedicated page for Tenaz Energy news (Ticker: ATUUF), a resource for investors and traders seeking the latest updates and insights on Tenaz Energy stock.
Tenaz Energy Corp (ATUUF) delivers strategic updates through this comprehensive news hub, offering investors and industry observers essential insights into its oil and gas operations. Track press releases covering asset acquisitions, production milestones, and financial strategies across Canadian and North Sea developments.
This resource consolidates official announcements including quarterly results, sustainability initiatives, and capital management updates. Users will find detailed information on operational expansions, technical innovations in mature field development, and regulatory compliance achievements.
Key content areas include earnings disclosures, partnership announcements, and progress reports on offshore natural gas projects. The curated collection enables efficient tracking of the company's dual strategy: optimizing existing assets while pursuing sustainable growth opportunities.
Bookmark this page for direct access to verified updates about Tenaz Energy's operational footprint and market positioning. Regular visitors gain timely awareness of developments impacting energy sector investments and corporate strategy execution.
Tenaz Energy Corp. has reported its 2024 year-end results, highlighting significant operational and financial achievements. Production volumes reached 2,814 boe/d in Q4 2024, up 11% from Q3, and averaged 2,688 boe/d for the full year, marking a 10% increase from 2023.
The company's funds flow from operations (FFO) for Q4 was $8.3 million ($0.30/share), though full-year FFO decreased 15% to $24.5 million. Net loss for 2024 was $7.7 million, compared to net income of $26.5 million in 2023.
Key developments include:
- Execution of agreement to purchase NOBV, with closing targeted for mid-2025
- Completion of $140 million private placement of Senior Unsecured Notes
- Year-end reserves showing increases across categories (PDP +3.5%, 1P +10%, 2P +14%)
- Total shareholder return of 257% in 2024
- 2025 planned capital expenditures of $30-34 million with production guidance of 2,900-3,100 boe/d
Tenaz Energy Corp. (TSX: TNZ) has received TSX approval for a new Normal Course Issuer Bid (NCIB) program, running from February 14, 2025, to February 13, 2026. The company is authorized to purchase up to 2,479,403 shares, representing 9.0% of outstanding shares and 10% of the public float as of February 3, 2025.
The NCIB will be funded through current cash and future free cash flow. Daily purchases are to 15,896 shares, with shares to be purchased on open markets and subsequently cancelled. Tenaz will implement an automatic share purchase plan (ASPP) with a designated broker.
Under debt facility restrictions, share repurchases are to the greater of $5 million or 2.5% of adjusted consolidated net tangible assets. In its previous NCIB (August 2023-2024), Tenaz repurchased 842,200 shares at an average price of $3.84 per share.
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