Latest news with #TenazEnergy
Globe and Mail
3 days ago
- Business
- Globe and Mail
TENAZ ENERGY CORP. ANNOUNCES 2025 ANNUAL MEETING RESULTS
CALGARY, ALBERTA--(Newsfile Corp. - May 29, 2025) - Tenaz Energy Corp. ("Tenaz", "We", "Our", "Us" or the "Company") (TSX: TNZ) is pleased to announce the results from its annual meeting of shareholders (the "Meeting") 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 approved by the shareholders. Number of Directors: The number of directors to be elected was fixed at 6. Election of Directors: Each of the following six nominees were elected as directors of the Company: Nominee Votes for Votes withheld # % # % Anna Alderson 6,660,932 99.31 46,242 0.69 John Chambers 6,661,132 99.31 46,042 0.69 Anthony Marino 6,706,974 100.00 200 0.00 Marty Proctor 6,660,932 99.31 46,242 0.69 Varinia Radu 6,661,132 99.31 46,042 0.69 Mark Rollins 6,661,847 99.32 45,327 0.68 Appointment of Auditor: Deloitte LLP was reappointed as auditor of the Company. Unallocated Awards: All unallocated awards under the Tenaz Incentive Plan were approved. Votes for Votes against # % # % 6,048,334 90.18 658,840 9.82 About Tenaz Energy Corp. Tenaz is an energy company focused on the acquisition and sustainable development of international oil and gas assets. Tenaz is the second largest operator of natural gas assets in the Dutch sector of the North Sea and develops crude oil and natural gas at Leduc-Woodbend in Alberta. Additional information regarding Tenaz is available on SEDAR+ and at Tenaz's Common Shares are listed for trading on the Toronto Stock Exchange under the symbol "TNZ". For further information, contact: Tenaz Energy Corp. investors@ Anthony Marino President and Chief Executive Officer Direct: 587 330 1983 Bradley Bennett Chief Financial Officer Direct: 587 330 1714 /NOT FOR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW/ To view the source version of this press release, please visit
CTV News
3 days ago
- Business
- CTV News
‘Great deal of opportunity': Tenaz Energy's CEO discusses Netherlands natural gas acquisition
Tony Marino, president and CEO at Tenaz Energy, discusses the company's growth plans and the acquisition of operated assets in Netherlands. Sorry, we're having trouble with this video. Please try again later. [5006/404] A Calgary-based energy company is expecting the acquisition of a natural gas and petroleum company in the Netherlands to boost its organic growth and cash flow, according to it's CEO. Tenaz Energy announced in a release earlier this month that it completed the acquisition of 100 per cent of the shares of NAM Offshore B.V. from Nederlandse Aardolie Maatschappij B.V., a joint venture between Shell PLC and ExxonMobil Corporation. The deal was initially announced in July of last year, delivering on Tenaz's stated mergers and acquisitions strategy to obtain high margin assets with high-capacity infrastructure. Tenaz Energy President and CEO Tony Marino said in an interview with BNN Bloomberg Thursday that the assets have produced around 10,000 to 11,000 barrels of oil equivalent per day. He said the acquired assets have been the NAM portfolio for their entire life and due to having only one owner, there hasn't been a 'gush of development' with relatively low reinvestment over the past 15 years. 'So, it leaves a great deal of opportunity for us to reinvest in well workovers and development drilling and exploration, in facility in compression projects to drive up production, we think at pretty low levels of capital investment,' he said. 'It's a low base decline, about a 10 per cent base decline, and as a result of that, with a quite large amount of development activity that's available, we think we can drive up production organically at the same time that we're throwing off free cash. And of course, that $17 per MCF (thousand cubic fee) gas price helps in generating free cash.'
Yahoo
11-05-2025
- Business
- Yahoo
Tenaz Energy First Quarter 2025 Earnings: CA$0.19 loss per share (vs CA$0.021 loss in 1Q 2024)
Revenue: CA$16.3m (flat on 1Q 2024). Net loss: CA$5.31m (loss widened by CA$4.75m from 1Q 2024). CA$0.19 loss per share (further deteriorated from CA$0.021 loss in 1Q 2024). This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. All figures shown in the chart above are for the trailing 12 month (TTM) period Looking ahead, revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Oil and Gas industry in Canada. Performance of the Canadian Oil and Gas industry. The company's shares are down 4.0% from a week ago. While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Tenaz Energy's balance sheet health. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
