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Tenth Avenue Petroleum Announces Second Quarter 2025 Financial & Operating Results, Annual & Special General Meeting and Investor Relations Agreement
(TheNewswire) Calgary, Alberta – TheNewswire - (August 25, 2025) – Te...
About this update from Decimus Oil Corp.
[{"type":"text","content":"Tenth Avenue Petroleum Announces Second Quarter 2025 Financial & Operating Results, Annual & Special General Meeting and Investor Relations Agreement\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Calgary, Alberta –\n \n\n TheNewswire\n-\n \n\n (August 25, 2025) – Tenth Avenue Petroleum\nCorp. (“TPC”\n \n\n or the\n \n\n “Company”) (TSXV:TPC)\n \n\n is pleased to\nannounce its financial and operating results for the three and six\nmonths ended June 30, 2025. The associated management’s\n \n\n discussion and analysis (“\n \n\n MD&A\n \n\n ”) and unaudited interim\nfinancial statements for the three and six months ended June 30, 2025,\n \n\n can be found at\n \n\n\n www.sedarplus.ca\n \n\n\n and\n \n\n\n www.tenthavenuepetroleum.com\n \n\n\n\n\n The Company’s key achievements in the second quarter\nof 2025 included the following:\n \n\n\n\n\n\n Average production decreased by 6% to 176 boe/d in\nQ2/25 from Q1/25 at 187 boe/d, however increased by 89% when comparing\nto 93 boe/d in Q2/24.\n \n\n\n\n\n\n Revenue in Q2/25 was $615,001, a 25% decrease from\nQ1/25 revenue of $818,394, due in part to several contributing factors\nincluding overall lower commodity prices and the 6% decrease in sales\nvolumes. Oil revenues decreased by 24% to $532,341 when compared to\nQ1/25 of $697,634 and natural gas revenues also decreased by 33% to\n$76,128 when comparing to Q1/25 of $113,062.\n \n\n\n\n\n\n Net production expenses decreased to $549,811 in Q2/25\nfrom $587,788 in Q2/24, as well as on a per boe basis, decreasing by\n50% to $34.35/boe in Q2/25 from $69.11 in Q2/24.\n \n\n\n\n\n\n Third party processing income increased by 7% to\n$34,078 in Q2/25 from $31,817 in Q2/24. The increase in third party\nprocessing income was a direct result of the Company upgrading its\nexisting infrastructure and injection equipment in Vulcan and Murray\nLake.\n \n\n\n\n\n\n\n\n Adjusted funds flow (see\n“Non-IFRS Financial Measures”) deficit of $199,775 in Q2/25\ncompared to a funds flow deficit of $86,540 in Q2/24.\n \n\n\n\n\n\n Selected Quarterly Information\n \n\n\n\n\n\n\n\n\n Three months ended\n \n\n\n\n June 30\n \n\n\n\n\n\n Six months ended\n \n\n\n\n June 30\n \n\n\n\n\n\n\n\n ($)\n \n\n\n\n\n\n 2025\n \n\n\n\n\n\n 2024\n \n\n\n\n\n\n % ...