Tenth Avenue Petroleum Corp. is pleased to announce that the Company has signed a non-binding Letter of Intent to acquire approximately 82 boe/d of low decline, long-life producing natural gas assets located north east of Brooks, Alberta from an arm's length party. The Company is also pleased to announce a non-brokered private placement of up to 17,000,000 units of the Company, at an offering price of $0.10 per Unit, with [...]
Tenth Avenue Petroleum Corp. is pleased to announce its financial and operating results for the three months ended March 31, 2024. The associated management's discussion and analysis and unaudited interim financial statements for the three months ended March 31, 2024, can be found at www.sedarplus.ca and www.tenthavenuepetroleum.com The Company's key achievements in the first quarter of 2024 included the following [...]
Tenth Avenue Petroleum Corp. is pleased to announce its financial and operating results for the three months ended March 31, 2024. The associated management's discussion and analysis and unaudited interim financial statements for the three months ended March 31, 2024, can be found at www.sedarplus.ca and www.tenthavenuepetroleum.com The Company's key achievements in the first quarter of 2024 included the following [...]
Tenth Avenue Petroleum Corp. is pleased to announce its financial and operating results for the three months and twelve months ended December 31, 2023, and highlights of the Company's year-end independent reserve evaluation. During 2023, the Company increased production by 24% to average 144 boe/d compared to 116 boe/d in 2022, negative $13,667 of adjusted funds flow from operations and shallowing production declines at [...]
Tenth Avenue Petroleum Corp. is pleased to announce its financial and operating results for the three and nine months ended September 30, 2023. The associated management's discussion and analysis and unaudited interim financial statements for the three and nine months ended September 30, can be found at www.sedarplus.ca and www.tenthavenuepetroleum.com The Company's key achievements in the third quarter of 2023 included [...]
Tenth Avenue Petroleum Corp. is pleased to announce its financial and operating results for the three and six months ended June 30, 2023. The associated managements' discussion and analysis and unaudited interim financial statements for the three and six months ended June 30, 2023 can be found at www.sedarplus.ca and www.tenthavenuepetroleum.com The Company's key results in the second quarter of 2023 included the [...]
Tenth Avenue Petroleum Corp. is pleased to announce its financial and operating results for the three months ended March 31, 2023. The associated management's discussion and analysis and unaudited interim statements as at the three months ended March 31, 2023 and 2022 can be found at www.sedar.com and www.tenthavenuepetroleum.com The Company's key achievements in the first quarter of 2023 included the: Achieved production [...]
Tenth Avenue Petroleum Corp. is pleased to announce the appointment of Sonja Kuehnle as Chief Financial Officer , effective May 9, 2023. Mrs. Kuehnle is a Chartered Professional Accountant and Chartered Accountant, with over 15 years' experience in the energy, forestry, and accounting sectors. As well as working in the Calgary offices of the international accounting firm KPMG LLP, she served in several finance and [...]
Tenth Avenue Petroleum Corp. is pleased to announce its financial and operating results for the fourth quarter and year ended December 31, 2022, as well as highlights of the Company's year-end reserves evaluation. Financial and operational information set out below should be read in conjunction with the Company's audited financial statements and related managements' discussion and analysis for the years ended December 31 [...]
Tenth Avenue Petroleum Corp. is pleased to provide results from its successful re-entry of the 102/6-11-15-26W4 natural gas well in the upper Bow Island formation, located in the area of Parkland, Alberta. Highlights The 102/6-11 re-entry well was placed on production on January 30, 2023 and based on estimated field receipts has averaged IP30 of 60 boe/d gross over its initial 30 days of production; Based on net capital [...]
Tenth Avenue Petroleum Corp. is pleased to announce its financial and operating results for the three months ended September 30, 2022. The associated management's discussion and analysis and unaudited interim statements as at the end of the three months ended September 30, 2022 can be found at www.sedar.com and www.tenthavenuepetroleum.com The Company's key achievements in the third quarter of 2022 included the following [...]
Tenth Avenue Petroleum Corp. is pleased to announce that the Company has closed the acquisition of a light oil, high netback asset in Southern Alberta from Danzig Resources Ltd. . SUMMARY ACQUISITION HIGHLIGHTS Production of 38 boe/d , including 26 bbls/d of light oil; Operating netback of $66.90/boe ; Estimated run-rate of approximately$698,000 net operating income; Attractive purchase price of approximately1.1x run rate [...]
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