- Tamarack Valley Energy Ltd. Announces Graduation to Toronto Stock Exchange
Tamarack Valley is pleased to announce that it has received final approval for the listing of the Company’s common shares (the “Common Shares”) on the Toronto Stock Exchange (the “TSX”).
The Common Shares will commence trading on the TSX effective as of the open of market on Monday, August 24, 2015. Upon listing on the TSX, the Common Shares will continue to trade under the symbol “TVE”.
- Tamarack Valley Energy Ltd. Announces 2015 Second Quarter Financial and Operating Results. Operational Efficiencies Position Company for Continued Growth
Tamarack Valley Energy is pleased to announce its operating and financial results for the second quarter of 2015. The Company exceeded its second
quarter 2015 production guidance of 6,300 to 6,500 boe/d by averaging 6,992 boe/d and increased its funds flow netback per boe by 9.8% to $20.72/boe through continued cost cutting measures.
- Tamarack Valley Energy Ltd. Announces Second Quarter 2015 Production and Reduces 2015 Capital Budget While Maintaining Average Daily Production Guidance
Tamarack Valley is pleased to announce estimated production of 6,992 boe/d (60% oil & NGLs) for the second quarter 2015, current production of approximately 8,525 boe/d (58% oil & NGL’s) based on field estimates and an increase to its credit facilities to $165 million. The Company also announces a reduction to its 2015 capital program in response to the recent decrease in oil prices. Despite the reduction in Tamarack’s capital program, the Company still expects to average its previously announced guidance of 8,000 to 8,200 boe/d in 2015.
- Tamarack Valley Energy Ltd. Closes $43.3 Million Wilson Creek Asset Acquisition
Tamarack Valley Energy is
pleased to announce that it has successfully completed its previously announced acquisition of certain
assets located in the greater Wilson Creek area of Alberta (the “Primary Acquisition”), contiguous with
Tamarack’s existing Cardium interest in Wilson Creek, for an aggregate purchase price of $43.3 million,
subject to normal closing adjustments.
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