- Tamarack Valley Energy Ltd. Announces 2016 Third Quarter Results
Tamarack Valley is pleased to announce its operating and financial results for the quarter ended September 30, 2016. Production averaged 10,790 boe/d (55% liquids), an increase of 13% over the previous quarter and a 24% increase over the third quarter of 2015. Average production for the third quarter of 2016 increased by 13% to 10,790 boe/d from 9,536 boe/d in the second quarter of 2016. Third quarter volumes were positively impacted by a combined 2,046 boe/d attributable to the Penny and Redwater acquisitions, and volume additions from three Cardium oil wells and one heavy oil well.
- Tamarack Valley Energy Ltd. and Spur Resources Ltd. Announce a Transformative Business Combination to Create an Oil Weighted Cardium and Viking Focused Growth Company with Over 17,000 boe/d
Tamarack Valley Energy Ltd. and Spur Resources Ltd. are pleased to announce that they have entered into an arrangement agreement providing for the acquisition by Tamarack of all the issued and outstanding common shares of Spur, which will hold Spurís Viking oil assets at closing.
- Tamarack Valley Energy Ltd. Announces 2016 Second Quarter Results
Tamarack Valley Energy is pleased to announce its operating and financial results for the second quarter and six month period ended June 30, 2016. Production in the quarter averaged 9,536 boe/d (52% liquids), an increase of 36% over the second quarter of 2015, and is at the upper end of the Company's guidance range of 9,100 to 9,600 boe/d.
- Tamarack Valley Announces Closing of Strategic Acquisitions, New Credit Facility and Second Quarter Production
Tamarack Valley announces that it has closed the second of its two strategic asset acquisitions, the details of which were announced on June 20, 2016. This second acquisition strategically consolidates assets in Tamarackís core operating areas of Redwater and Wilson Creek in Alberta and includes current production of 850 boe/d. Total aggregate cash consideration for the Redwater Acquisition was $25.8 million.
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