Brief: Baytex Energy- Certain Of Co's Units Receiving Notice Of Confirmation

Baytex Energy

13/11/2023 14:44

Nov 13 (Reuters) - Baytex Energy Corp  BTE.TO :
    * BAYTEX ENERGY-  CERTAIN OF CO'S UNITS RECEIVED NOTICE OF
CONFIRMATION FROM THE APPEALS DIVISION OF THE CANADA REVENUE
AGENCY
    * BAYTEX ENERGY-  NOTICE DENY NON-CAPITAL LOSS DEDUCTIONS
RELEVANT
TO THE CALCULATION OF INCOME TAXES FOR THE YEARS 2011 THROUGH
2014
    * BAYTEX ENERGY-  REMAINS CONFIDENT THAT TAX FILINGS ARE
CORRECT
AND WILL BE FILING APPEALS TO THE TAX COURT OF CANADA
    * BAYTEX ENERGY-  CO NOT REQUIRED TO PAY ANY AMOUNT IN
RESPECT OF
THE REASSESSED AMOUNTS OWING IN ORDER TO LITIGATE THE APPEALS IN
COURT
    * BAYTEX ENERGY-  ESTIMATES THAT APPEALS TO THE TAX COURT OF
CANADA COULD TAKE UP TO THREE YEARS TO BE RESOLVED
    * BAYTEX ENERGY-  NOTICE OF CONFIRMATION FOR TAX
REASSESSMENT
RECEIVED ON NOVEMBER 10, 2023


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