- Tamarack Valley Energy Ltd. Announces 2015 Financial and Operating Results With Record Production Achieved in Fourth Quarter 2015
Tamarack Valley is pleased to announce that a successful second half 2015 drilling program contributed to a record fourth quarter 2015 production average of 9,968 boe/d (61% liquids), an increase of 14% from the third quarter of 2015 and higher than exit production guidance of 9,500-9,700 boe/d (55-60% liquids). Tamarack achieved its exit production target while spending $107.4 million, approximately 15% lower than guidance.
- Tamarack Valley Energy Ltd. Closes $43.7 Million Bought Deal Financing
Tamarack is pleased to announce that it has closed its previously announced bought deal financing of 14,966,100 common shares at a price of $2.92 per Common Share for aggregate gross proceeds of approximately $43.7 million, which included the exercise in full of the over-allotment option of 1,952,100 Common Shares. The syndicate of underwriters was led by National Bank Financial Inc.
- Tamarack Valley Energy Ltd. Announces $38.0 Million Bought Deal Financing and Re-affirms Previously Announced 2016 Guidance
Tamarack Valley is pleased to announce that it has entered into a bought deal financing agreement with a syndicate of underwriters led by National Bank Financial Inc., pursuant to which the Underwriters have agreed to purchase for resale to the public, on a bought deal basis, 13,014,000 common shares at an issue price of $2.92 per Common Share resulting in gross proceeds of approximately $38 million.
- Tamarack Valley Announces a 46% Increase in Proved Reserves With 356% Production Replacement
Tamarack Valley is pleased to announce the results of its independent oil and gas reserves evaluation as of December 31, 2015, prepared by GLJ Petroleum Consultants Ltd. Tamarack’s stringent capital allocation complemented by a constant focus on cost reductions and improving capital
efficiencies has resulted in another significant year of reserve growth in 2015, despite challenges associated with lower commodity prices.
View all news
Sign up for digital copies of company information.