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 Tamarack’s 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.

Tamarack Valley Energy Closes Its Bought Deal Financings

Tamarack Valley Energy is pleased to announce that it has completed its previously announced bought deal public offering of subscription receipts of the Company including the underwriters' over-allotment option and bought deal public offering of common shares of the Company issued on a flow-through basis for aggregate gross proceeds of $81,605,983.

Tamarack Valley Energy Reports Voting Results of Annual General Meeting of Shareholders

Tamarack Valley announces that at its annual general meeting of shareholders held on June 30, 2016, all six director nominees were elected.

View all news

request information

Sign up for digital copies of company information.