Tenth Avenue Petroleum ( (TSE:TPC) ) has issued an update.
Tenth Avenue Petroleum Corp. provided an operational update highlighting its recent field activities that have increased production to approximately 212 boe/d. The company successfully completed infrastructure upgrades at Murray Lake, leading to increased water injection and oil production, while also completing minor workovers at Hays and Vulcan properties. These developments are expected to enhance recovery factors, production volumes, and cash flows without future drilling costs, thereby strengthening the company’s operational efficiency and market positioning.
More about Tenth Avenue Petroleum
Tenth Avenue Petroleum Corp. is a company engaged in the oil and gas industry, focusing on enhanced oil recovery projects and operations across various properties, including Murray Lake, Hays, and Vulcan.
YTD Price Performance: 38.33%
Average Trading Volume: 65,323
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$3.7M
Learn more about TPC stock on TipRanks’ Stock Analysis page.