Target repeatable and relatively predictable plays that provide long-life reserves
Use a rigorous, proven modeling process to carefully manage risk and identify opportunities
Achieve debt-adjusted per share growth while building a strong inventory of well locations that offer quick paybacks
Tamarack has closed numerous strategic acquisitions of high-quality assets that can deliver superior rates of return while also growing production through drilling and development.
Proven Production Growth (boe/d)
with increased liquids focus
Acquired privately-held Spur Resources for $407.5MM. Added concentrated, high netback, light oil-weighted Viking assets in SW Saskatchewan and SE Alberta producing 6,250 boe/d.
Acquired two strategic asset packages in Alberta at Wilson Creek/Redwater and Penny for $85MM, featuring additional Cardium and Viking interests and 1,900 boe/d of production.
Acquired 3 Cardium asset packages in Wilson Creek / Alder Flats for $54MM, contiguous to TVE's existing land base and adding 1,450 boe/d of production plus key infrastructure.
Graduated to the Toronto Stock Exchange under ticker 'TVE
Acquired additional Cardium interests in Wilson Creek contiguous to TVE's existing land base for $168.5MM, adding 1,702 boe/d of high-netback production and key infrastructure.
Acquired Sure Energy for $50.3MM, doubling Tamarack’s Viking oil acreage in the Redwater region of Alberta and adding 938 boe/d of production.
Acquired privately-held oil & gas company, Echoex Ltd for $62.9MM with Viking oil assets in the Redwater region of Alberta, and added 980 boe/d of production.
Acquired 75% working interest in 8.5 gross sections of land (7.5 gross sections of Cardium rights) in the Buck Lake, AB area.
Acquired Viking oil lands in Foley Lake, AB area and additional Saskatchewan land. Q4 production increased to over 1,500 boe/d along with a significant increase in the liquids weighting.
Privately-held Tamarack Valley Energy completed a reverse take over of Tango Energy Inc, a natural gas-focused junior oil & gas company with Alberta assets and production of 735 boe/d. The Company began trading on the TSX Venture Exchange under the ticker 'TVE‘.