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24Mar
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.

18Mar
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.

29Feb
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.

24Feb
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.

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