Topaz Energy Corp (TSE:TPZ) has released an update.
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Topaz Energy Corp. has announced positive first quarter 2024 results, with substantial development on its royalty acreage and a strong financial performance including $78.2 million in revenue. The company has maintained a steady level of development activity, increased heavy oil royalty production significantly, and upheld a robust cash flow of $67.9 million. Furthermore, Topaz declared a second quarter dividend after reducing net debt by 6%, reinforcing its commitment to shareholder returns and financial stability.
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