Tenaz Energy Corp. (T:TNZ)
Business Focus: Oil & Gas Exploration and Production (NEC)
| Sector: Energy | Industry: Oil & Gas Exploration and Production |
| Company Contact | |
| Address: | 2500, 605 - 5th Ave. S.W. CALGARY AB T2P 3H5 |
| Tel: | N/A |
| Website: | https://www.tenazenergy.com |
| IR: | See website |
| Key People | ||
| Anthony W. Marino President, Chief Executive Officer, Director | Bradley Bennett Chief Financial Officer | Michael S. Kaluza Chief Operating Officer |
| David Burghardt Senior Vice President - Operations | Jennifer Russel-Houston Vice President - Geoscience | Jonathan Balkwill Vice President - Business Development |
| Business Overview |
| Tenaz Energy Corp. is a Canada-based energy company. The Company is focused on the acquisition and sustainable development of international oil and gas assets. The Company has domestic operations in Canada along with offshore natural gas assets in the Netherlands. The Company's domestic operations consist of a semi-conventional oil project in the Rex member of the Upper Mannville group at Leduc-Woodbend in central Alberta. The Company's semi-conventional development project is located in the Leduc-Woodbend area of Alberta, Canada. This project targets the Rex zone within the Manville formation and has production of approximately 2,337 barrels of oil equivalent (boe) per day. The Netherlands gas assets are located in the Dutch sector of the North Sea. Tenaz also has an ownership interest in Noordgastransport B.V. (NGT), which holds gas gathering and processing networks in the Dutch North Sea. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Tenaz Energy Corp revenues increased from C$28.1M to C$60M. Net income increased from C$5.2M to C$26.5M. Revenues reflect Petroleum and natural gas sales increase of 90% to C$64.9M, Royalties decrease of 18% to C$4.9M. Net income benefited from Loss (gain) on derivative instruments decrease from C$1.7M (expense) to C$241K (income). |
| Employees: | 12 as of Dec 31, 2022 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $60.30M as of Dec 31, 2023 |
| Annual revenue (TTM): | $60.00M as of Dec 31, 2023 |
| EBITDA (TTM): | $19.63M as of Dec 31, 2023 |
| Net annual income (TTM): | $26.55M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$9.68M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 26,703,072 as of Apr 8, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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