Topaz Energy Corp.

Topaz Energy Corp. is pleased to announce financial results for the three months ended March 31, 2021 and increased 2021 guidance estimates to incorporate recent acquisition activity. Through a combination of organic growth, accretive acquisitions and stable EBITDA generated from Topaz's infrastructure assets, Topaz's total revenue and other income grew 66% from the prior year. Topaz's low cost, high margin business [...]

Topaz Energy Corp. is pleased to announce that it has entered into a definitive agreement with Reserve Royalty Income Trust for the purchase of its subsidiaries which hold all of the Reserve Royalty assets, for approximately $26.0 million, payable through the issuance of 1,794,886 Topaz shares . Reserve Royalty Acquisition The Reserve Royalty Acquisition adds a large royalty portfolio consisting of 345,000 gross acres of [...]

Topaz Energy Corp. is pleased to announce that it has entered into a non binding agreement with Tamarack Valley Energy Ltd. for the purchase of a newly created gross overriding royalty interest in the Peace River High area of Alberta for total purchase consideration of $32.0 million . The Royalty Acquisition provides free cash flow growth and enhanced financial sustainability for Topaz while enabling Tamarack to advance [...]

Topaz Energy Corp. is pleased to announce financial results for the three months and year ended December 31, 2020. Despite the challenging backdrop of COVID-19, Topaz achieved the strategic objectives it established for 2020 demonstrating the resiliency of its business model. During 2020, Topaz established an independent management team, expanded its board of directors, delivered a reliable and sustainable $0.20 per share [...]

Topaz Energy Corp. is pleased to announce it has entered into a non binding agreement with Tamarack Valley Energy Ltd. for the purchase of a newly created gross overriding royalty interest underpinned by a multi-year minimum capital development commitment for total purchase consideration of $13.7 million . The Royalty Acquisition demonstrates Topaz's strategy of generating free cash flow growth while enabling Tamarack to [...]

Topaz Energy Corp. is pleased to announce that its Board of Directors has declared a quarterly cash dividend on its common shares of $0.20 per common share. The dividend will be payable March 31, 2021 to shareholders of record at the close of business on March 15, 2021. This quarterly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes. About Topaz Energy Corp. Topaz is a unique royalty [...]

Topaz Energy Corp. is pleased to announce that it has entered into an amended and restated credit agreement with a syndicate of Canadian banks providing for a $300 million combined operating and syndicated credit facility due February 19, 2024 . The Amended Credit Facility replaces the Company's prior credit facility, which was undrawn, due June 10, 2022, and provided for aggregate borrowing capacity of $125 million . The [...]

Topaz Energy Corp. is pleased to announce that it has entered into a strategic alliance with a private midstream water company, and together, entered into definitive agreements to each acquire a working interest in certain water infrastructure assets from an E&P producer along with a long-term fixed take-or-pay water disposal agreement whereby the Producer retains operatorship and obtains committed access to cost [...]

Topaz Energy Corp. is pleased to announce the completion of two previously announced gross overriding royalty acquisitions which enhance Topaz's future growth outlook and demonstrate the Company's growth strategy to acquire value-enhancing assets from high-quality strategic partners that are accretive on a per share basis. The acquisitions were funded from the Company's available cash on hand. Topaz acquired a [...]

Topaz Energy Corp. is pleased to announce it has entered into a non binding letter of intent with Tamarack Valley Energy Ltd. for the purchase of royalty interests which includes a minimum capital development commitment. The Royalty Acquisition provides free cash flow growth and diversification for Topaz while enabling Tamarack to advance its own growth; demonstrating Topaz's growth strategy of acquiring low-risk, stable [...]