CALGARY, AB, Oct. 15, 2021 /CNW/ - Altura Energy Inc. (the
"Company") (TSXV: ATU) is pleased to announce that it has
completed its previously announced name change to "Tenaz Energy
Corp." pursuant to a shareholders' resolution passed at the special
meeting of shareholders held on October 7,
2021. Effective at the opening of trading on Tuesday, October 19, 2021, the common shares of
the Company will trade under the new name and the new stock trading
symbol of "TNZ". Shareholders are not required to take any steps to
exchange their share certificates as a result of this change.
About Tenaz Energy Corp.
Tenaz is an energy company focused on the acquisition and
sustainable development of international oil and gas assets capable
of returning free cash flow to shareholders. In addition, Tenaz
conducts development of a semi-conventional oil project in the Rex
member of the Upper Mannville group at Leduc-Woodbend in central
Alberta.
READER ADVISORIES
Forward– looking
Information and Statements
This press release contains certain forward-looking information
and statements within the meaning of applicable securities laws.
The use of any of the words "expect", "anticipate", "budget",
"forecast", "continue", "estimate", "objective", "ongoing", "may",
"will", "project", "should", "believe", "plans", "intends",
"strategy" and similar expressions are intended to identify
forward-looking information or statements. In particular, but
without limiting the foregoing, this press release contains
forward-looking information and statements pertaining to: the
Company's expectations regarding the common shares trading under
its new name and new ticker symbol; and the focus of the
Company.
The forward-looking information and statements contained in this
press release reflect several material factors and expectations and
assumptions of the Company including, without limitation: the
continued performance of the Company's oil and gas properties in a
manner consistent with its past experiences; that the Company will
continue to conduct its operations in a manner consistent with past
operations; the general continuance of current industry conditions;
the continuance of existing (and in certain circumstances, the
implementation of proposed) tax, royalty and regulatory regimes;
the accuracy of the estimates of the Company's reserves and
resource volumes; certain commodity price and other cost
assumptions; the continued availability of oilfield services; and
the continued availability of adequate debt and equity financing
and cash flow from operations to fund its planned expenditures. The
Company believes the material factors, expectations and assumptions
reflected in the forward-looking information and statements are
reasonable, but no assurance can be given that these factors,
expectations, and assumptions will prove to be correct.
The forward-looking information and statements included in this
press release are not guarantees of future performance and should
not be unduly relied upon. Such information and statements involve
known and unknown risks, uncertainties and other factors that may
cause actual results or events to differ materially from those
anticipated in such forward-looking information or statements
including, without limitation: changes in commodity prices; changes
in the demand for or supply of the Company's products;
unanticipated operating results or production declines; changes in
tax or environmental laws, royalty rates or other regulatory
matters; changes in development plans of the Company or by third
party operators of the Company's properties, increased debt levels
or debt service requirements; inaccurate estimation of the
Company's oil and gas reserve and resource volumes; limited,
unfavorable or a lack of access to capital markets; increased
costs; a lack of adequate insurance coverage; the impact of
competitors; and certain other risks detailed from time to time in
the Company's public documents.
The forward-looking information and statements contained in this
press release speak only as of the date of this press release, and
the Company does not assume any obligation to publicly update or
revise them to reflect new events or circumstances, except as may
be required pursuant to applicable laws.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Altura Energy Inc.
