Tenaz Energy Corp T.TNZ

ACQUISITION OF EUROPEAN GAS ASSETS T.TNZ

[Betteryear2]

/NOT FOR DISSEMINATION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES SECURITIES LAW/

CALGARY, AB, June 26, 2023 /CNW/ - Tenaz Energy Corp. ("Tenaz", "Our", "We", or the "Company") (TSX: TNZ) is pleased to announce an agreement to acquire 100% of the issued and outstanding shares (the "Acquisition") of XTO Netherlands Ltd. ("XTO") from XH LLC ("XH"), a wholly owned subsidiary of ExxonMobil Corporation. Closing of the Acquisition is expected to occur in Q3 2023. Tenaz will not be issuing equity in connection with the Acquisition.

TENAZ ENERGY CORP. ANNOUNCES ACQUISITION OF EUROPEAN GAS ASSETS (newswire.ca)

[TheRexmember]

Looks like another 45 million in cash is going to the balance sheet. There is accretive, extremely accretive and whatevervthe heck this is.  keep looking for more deals and add another 4 Leduc Woodbend wells this year guys.