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Canada's Topaz Energy sees record Q4 results

Created with a focus on gas, the Tourmaline Oil subsidiary has been increasing its focus on liquids. ....

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Canada's Topaz Energy builds Montney royalty position

Canada's Topaz Energy builds Montney royalty position
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Canada's Topaz Energy adds to royalty lands

Canada’s Topaz Energy adds to royalty lands
May 3, 2021 2:30:pm
Summary
by: Dale Lunan
Posted in:
Canada’s Topaz Energy adds to royalty lands
Canadian royalty and infrastructure company Topaz Energy said May 3 it has reached a definitive agreement with Reserve Royalty Income Trust to acquire all of its subsidiaries for about C$26mn (US$21.1mn), payable through the issuance of nearly 1.8mn Topaz shares.
The acquisition adds 345,000 gross acres of developed and un-developed fee mineral title and royalty interest lands across western Canada along with corporate tax pools of about C$100mn.
The assets produced average royalty production and royalty production revenue of 609 barrels of oil equivalent (boe)/day and C$1.6mn in Q1 2021. Production consisted of 141 b/day of crude oil, 2.2mn ft ....

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