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TOPAZ ANNOUNCES TUCK-IN ACQUISITION OF NEBC MONTNEY ROYALTY ASSETS
TOPAZ ANNOUNCES TUCK-IN ACQUISITION OF NEBC MONTNEY ROYALTY ASSETS Canada NewsWire ...
About this update from Topaz Energy Corp
[{"type":"text","content":"\n\n\n\n TOPAZ ANNOUNCES TUCK-IN ACQUISITION OF NEBC MONTNEY ROYALTY ASSETS\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n CALGARY, AB\n \n\n ,\n \n\n Sept. 30, 2025\n \n\n /CNW/ - Topaz Energy Corp. (TSX: TPZ) (\"Topaz\" or the \"Company\") is pleased to announce that it has entered into definitive agreements with Tourmaline Oil Corp. (\"Tourmaline\") to acquire gross overriding royalty interests on approximately 134,000 gross acres, over 65% undeveloped, in its NEBC Montney core royalty area (the \"Acquisition Lands\") for total cash consideration of\n \n $71.7 million\n \n , before customary closing adjustments (the \"Acquisition\").\n \n\n\n\n\n\n\n\n\n The Acquisition Lands feature approximately 410 primarily tier one future\n \n Montney\n \n drilling locations\n \n (1)\n \n , multi-zone upside optionality, and provides Topaz full alignment to each of Tourmaline's future growth projects under their multi-year NEBC Montney build-out plan. The Acquisition will be funded using the Company's existing credit facilities.\n \n\n\n Third Quarter 2025 Results\n \n\n\n Topaz is scheduled to release its third quarter 2025 financial results on\n \n November 3, 2025\n \n . Topaz will host the third quarter conference call on November 4, 2025 at\n \n 9:00 a.m. MST\n \n (\n \n 11:00 a.m. EST\n \n ).\n \n\n\n Additional information\n \n\n\n Additional information about Topaz is available on SEDAR+ at\n \n www.sedarplus.ca\n \n under the Company's profile, and on Topaz's website,\n \n www.topazenergy.ca\n \n .\n \n\n\n ABOUT THE COMPANY\n \n\n\n Topaz is a unique royalty and infrastructure energy company focused on generating free cash flow growth and paying reliable and sustainable dividends to its shareholders, through its strategic relationship with\n \n Canada's\n \n largest and most active natural gas producer, Tourmaline, an investment-grade senior Canadian E&P company, and leveraging industry relationships to execute complementary acquisitions from other high-quality energy companies. Topaz focuses on top-quartile energy resource...