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TENAZ ENERGY CORP. ANNOUNCES 2024 BUDGET AND GUIDANCE

Newswire.ca - Thu Dec 21, 2023

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

CALGARY, AB, December 21, 2023 /CNW/ - Tenaz Energy Corp. ("Tenaz", "Our", "We", or the "Company") (TSX: TNZ) is pleased to announce its 2024 budget and guidance. Our Board of Directors has approved a drilling and development capital ("D&D CAPEX") budget of $23 to $25 million for 2024. We also intend to invest $3 million in exploration and evaluation capital ("E&E CAPEX") to evaluate a potential CCS project in the Dutch North Sea.

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