Leduc-Woodbend

Conventional heavy and light oil development in central Alberta producing from the Rex, Sparky, Glauconite and Ellerslie members of the Mannville formation. Production is tied into four multi-well batteries and two single well batteries owned and operated by the Company, plus one well processed by a third party. Crude oil is trucked to multiple sales points and natural gas is processed at the Company's gas plant. In Q2 2024, Tenaz acquired a gas plant and oil and gas leasehold assets in Alberta for $2.8 million, providing ownership and operating control of the gas plant and pipeline infrastructure that processes Leduc-Woodbend gas.