PR Newswire
CALGARY, AB, Feb. 3, 2025 /CNW/ - Topaz Energy Corp. (TSX: TPZ) ("Topaz" or the "Company") is pleased to announce that on January 31, 2025 it acquired a gross overriding royalty interest across approximately 0.1 million gross acres (over 60% undeveloped) (the "Royalty Interest"), and entered into a definitive agreement to acquire a 35% working interest in a 40 MMcf/d natural gas processing facility (the "Facility Interest"), in the Alberta Montney, for total cash consideration of $43.0 million (the "Alberta Montney Acquisition"). The Alberta Montney Acquisition is expected to provide approximately $5.0 million of annualized total revenue(1)(2) to Topaz before consideration of royalty revenue growth from future acreage development.
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