Baytex receives notice of confirmation for tax reassessment

Calgary, alberta--(newsfile corp. - november 13, 2023) - baytex energy corp. (tsx: bte) (nyse: bte) ("baytex") announces that certain of its wholly owned indirect subsidiaries have received a notice of confirmation (the "confirmation letters" or "letters") from the appeals division of the canada revenue agency (the "cra") that deny non-capital loss deductions relevant to the calculation of income taxes for the years 2011 through 2014. as previously disclosed, baytex received notices of reassessment in 2016 and the letters advise that the reassessments have been confirmed.
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