Tamarack Valley was recognized
as a TSX Venture 50® company in 2014, 2013 and 2011.
TSX Venture 50 is a trade-mark of TSX Inc. and is used under license.
- Tamarack Valley Energy Ltd. Announces Increase to Private Placement Financing of Flow-Through Shares from $5.0 Million to $9.1 Million
Tamarack Valley is pleased to announce that, in connection with its previously announced private placement offering of common shares of the Company to be issued on a “CDE flow-through” basis (“CDE Flow-Through Shares”), Tamarack and the syndicate of underwriters co-led by National Bank Financial Inc. and Dundee
Securities Ltd. and including GMP Securities L.P., Macquarie Capital Markets Canada Ltd., Peters & Co. Limited, RBC Dominion Securities Inc., Acumen Capital Finance Partners Limited, AltaCorp Capital Inc. and Paradigm Capital Inc.
- Tamarack Valley Energy Ltd. Announces Acquisition of Wilson Creek Cardium Assets, $70 Million Bought Deal Financing and Increased 2015 Guidance
Tamarack Valley is pleased to announce that it has entered into three separate binding purchase and sale agreements with three industry majors (the “Vendors”) to acquire certain assets located in the greater Wilson Creek area of Alberta, contiguous with Tamarack’s existing Cardium interests in Wilson Creek for total aggregate cash consideration of approximately $54 million (the “Acquisitions”), subject to certain closing adjustments.
- Tamarack Valley Energy Ltd. Announces 2015 First Quarter Results, Including Record Production While Reducing Debt
Tamarack Valley is pleased to announce its operating and financial results for the first quarter of 2015. The Company exceeded its first quarter 2015 production guidance of 8,000 boe/d by averaging 8,092 boe/d. First quarter production increased 5% on an absolute basis as well as on a per share basis from 7,681 boe/d in the previous quarter. The Company achieved this record production while only spending $5.0 million of capital expenditures during the quarter while generating $13.7 million of funds from operations, thereby reducing debt by $8.6 million.
- Tamarack Valley Energy Announces 78% Increase to Reserves and Record Fourth Quarter Production
Tamarack Valley is pleased to announce the results of its independent reserves evaluation as of December 31, 2014, which includes a 78% increase in proved plus probable (“2P”) reserves to 33.236 mmboe, a three year proved plus probable finding, development and acquisition cost average of $25.74/boe and a recycle ratio of 1.5 using 2014 netbacks of $38.92/boe. The Company is also pleased to announce record average production of 7,681 boe/d for the fourth quarter of 2014, which was an increase of 33% from the previous quarter and 77% higher than the same period in 2013.
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