Topaz Energy Corp (TSE:TPZ) has released an update.
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Topaz Energy Corp has reported a significant boost in its third-quarter 2024 financial results, driven by a strategic royalty acquisition from Tourmaline Oil Corp and robust drilling activity. The acquisition increased Topaz’s royalty acreage by 50%, resulting in a 12% immediate royalty production growth. Supported by strong cash flows and a sustainable dividend payout, Topaz is poised for continued growth in its royalty and infrastructure revenue streams.
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