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Tenaz Energy Corp. (TNZ:CA) Q1 2026 Earnings Call Prepared Remarks Transcript

Seeking Alpha·SA Transcripts·21 days ago
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Anthony Marino President, CEO & Non-Independent Director Hello. I'm Tony Marino, President and CEO of Tenaz Energy. Thanks for joining our Q1 2026 update. I'd first ask you to note our investment advisories on Slide 2. I'm going to begin with a discussion of our operating and financial results using the first Slide 4. So in Q1 '26, our production was up 4%, reaching a level of approximately 16,200 BOE/D with the vast majority of that production coming out of Netherlands. FFO for Q1 '26 was approximately CAD 65 million. That was a 4% increase from the fourth quarter of '25. We certainly had our most active capital program we've ever had in the company's history, 3 offshore jack-ups running on licenses in which we have an interest. I'll cover it more later, but one of these operated in 2 non-operated drilling rigs in the Dutch North Sea. An offshore workover campaign going in Q1 as well. And we also drilled 3 gross wells in Canada that we operated. Our CapEx for the first quarter was CAD 92 million.…

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