Tenaz Energy Corp (TSE:TNZ) has released an update.
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Tenaz Energy Corp. reports a record-breaking production average of 3,135 barrels of oil equivalent per day (boe/d) in the fourth quarter of 2023, doubling their full-year average to 2,439 boe/d due to new acquisitions and organic growth. The company’s funds flow from operations soared by 236% to $28.9 million for the year. Additionally, net income spiked to $26.5 million, marking a substantial increase from the previous year, attributed mainly to gains from the XTO Netherlands acquisition.
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