Public market insider selling at Topaz Energy (TPZ)

Public market insider selling at Topaz Energy (T:TPZ)

Stephen Phillip Larke, a Director, disposed of 200,000 Common Shares on a control or direction basis for registered holder Molloy Family Trust at a price of $22.350 on March 27th, 2024. This represents a $4,470,000 divestment of the company's shares and an account share holdings change of -50.0%.

Topaz Energy is in the Oil & Gas Exploration and Production Sub Industry Group under the Energy Sector.

Topaz Energy Corp. is a Canada-based royalty and infrastructure energy company. The Company is primarily focused on developing its business by acquiring and developing relationship with natural gas producers, such as Tourmaline Oil Corp. It owns gross overriding royalty (GORR) interests on approximately 5.3 million acres of land located throughout the prolific natural gas plays in the Western Canadian Sedimentary Basin (WCSB). The Company has royalty interests in the Clearwater and Charlie Lake operating areas of Alberta, as well as working interest in a sweet natural gas processing facility and associated crude oil battery in the Wembley area. It has GORR interests on over 380 thousand acres of land located in the Clearwater area in Alberta. Its assets are located throughout Canada's resource plays, such as the NEBC Montney, Alberta Deep Basin, Central Alberta, Peace River High area of British Columbia/Alberta, Alberta Clearwater, Saskatchewan Weyburn and Manitoba.