- Tamarack Valley Energy Ltd. Achieves Record Fourth Quarter 2015 Production With Lower Expenditures and Debt and Provides 2016 Guidance
Tamarack is pleased to announce that a successful second half 2015 drilling program in the Wilson Creek and Alder Flats areas of Alberta contributed to a record fourth quarter 2015 production average of approximately 9,870 boe/d (59-60% liquids) (using field estimates for December, 2015), exceeding Tamarack's exit guidance of 9,500-9,700 boe/d (55-60% liquids).
- Tamarack Valley Energy Ltd. Announces 2015 Third Quarter Financial and Operating Results
Tamarack is pleased to announce its operating and financial results for the third quarter of 2015. Production increased by 25% to 8,717 boe/d and funds flow from operations increased by 11% to $14.6 million from Q2 2015 despite a 16% decrease in crude oil prices. As a result, Tamarack is increasing its 2015 average production guidance to 8,200-8,300 boe/d (approximately 55-60% oil & NGLs) and its production exit rate to 9,500-9,700 boe/d.
- Tamarack Valley Energy Ltd. Announces Voting Results from Annual General Meeting of Shareholders
Tamarack Valley Energy
announced today, in accordance with the Toronto Stock Exchange requirements, the voting results from
its annual general meeting of shareholders held on August 27, 2015 in Calgary, Alberta. A total of 47,379,507 common shares were voted in connection with the meeting, representing approximately
48.47% of the issued and outstanding common shares of Tamarack.
- 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”.
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