Tenaz Energy Corp. (TNZ:CA) M&A Call Prepared Remarks Transcript

Core Viewpoint - The company is focused on overseas acquisitions, with a significant production foothold in the Netherlands, positioning itself as the largest producer in the region, excluding the state company EBN [2] Group 1: Corporate Overview - The company has completed two major transactions this year, including the acquisition of NAM Offshore (now TEN) and a non-operated interest in the GEMS project [2] - The market capitalization before the GEMS transaction was approximately CAD 575 million, and post-transaction, the company will have over $400 million in debt, an increase from $100 million prior to the deal [3] Group 2: Production and Financial Guidance - Pro forma production for 2025, assuming ownership of both GEMS and NOBV assets for the entire year, is projected to be 16,200 BOE/D [3] - The estimated drilling and development capital expenditures (CapEx) for the year are between CAD 100 million and CAD 110 million, accounting only for CapEx after the closing dates of the transactions [3]