- Tamarack Valley Energy Ltd. Announces 2016 First Quarter Results
Tamarack Valley is pleased to announce its operating and financial results for the first quarter of 2016. Production in the quarter averaged 9,582 boe/d (55% liquids), an increase of 18% over the first quarter of 2015. Based on current expectations for second quarter 2016 capital expenditures, the Company’s first half 2016 average production is on target to be within the upper half of its guidance range of 9,100 to 9,600 boe/d.
- 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.
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