CALGARY, ALBERTA--(Marketwired - Jan 28, 2015) - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX VENTURE:TVE) is pleased to announce its Board of Directors has approved the 2015 capital expenditure budget. Tamarack has always been a rate of return driven company focused on drilling wells that target a return on capital cost payout of 1.5 years or less. With the current commodity price environment and [...]
CALGARY, ALBERTA--(Marketwired - Jan 2, 2015) - Tamarack Valley Energy Ltd. (TSX VENTURE:TVE) ("Tamarack" or the "Company") is pleased to announce that a successful second half 2014 drilling program in the Wilson Creek area contributed to a record exit production rate averaging approximately 9,700 boe/d (based on field estimates) during the last 14 days of December, 2014, exceeding its exit production target of 9,500 [...]
Company on track to exit 2014 producing 9,500 boe/d CALGARY, ALBERTA--(Marketwired - Nov 14, 2014) - Tamarack Valley Energy Ltd. (TSX VENTURE:TVE) ("Tamarack" or the "Company") is pleased to announce that a successful drilling program in the Wilson Creek area contributed to estimated average production of 7,950 boe/d during the last week of October with additional behind pipe production capability of approximately 400 [...]
CALGARY, ALBERTA--(Marketwired - Oct 14, 2014) - Tamarack Valley Energy Ltd. (TSX VENTURE:TVE) ("Tamarack" or the "Company") is pleased to announce an operational update with the following highlights: Record current production rate of 7,400 boe/d, based on field estimates, excluding 550 boe/d of shut-in production associated with TransCanada Pipeline maintenance and third party plant turnarounds. Record drilling [...]
Tamarack is pleased to announce that it has, through its wholly-owned subsidiary, successfully completed its previously announced acquisition of 100% of Suncor Energy's interests in the Wilson Creek area of Alberta for an aggregate purchase price of $168.5 million, prior to closing adjustments. The Acquisition is highly accretive to Tamarack and further bolsters the Company's strategic Cardium focused land position in the [...]
Tamarack Valley is pleased to announce that it has completed its previously announced bought deal public offering of subscription receipts of the Company and bought deal private placement offering of common shares of the Company issued on a flow-through basis for aggregate gross proceeds of $125,163,000. The Company issued 16,100,000 Subscription Receipts at a price of $7.15 per Subscription Receipt, for gross proceeds of [...]
Tamarack is pleased to announce that its wholly owned subsidiary, Tamarack Acquisition Corp., has entered into a purchase and sale agreement with Suncor Energy to acquire 100% of the Suncor's interests in the Wilson Creek area of Alberta, contiguous with Tamarack's existing Cardium interest in Wilson Creek, for total cash consideration of approximately $168.5 million, subject to certain closing adjustments.
CALGARY, ALBERTA--(Marketwired - Aug 14, 2014) - Tamarack Valley Energy Ltd. (TSX VENTURE:TVE) ("Tamarack" or the "Company") is pleased to announce that it filled the position of Manager of Production and Operations. Tamarack's new Manager of Production and Operations joins Tamarack with over 16 years of industry experience of managing field operations, drilling, completions and has overseen the construction of many [...]
CALGARY, ALBERTA--(Marketwired - Aug 11, 2014) - Tamarack Valley Energy Ltd. (TSX VENTURE:TVE) ("Tamarack" or the "Company") is pleased to announce record quarterly cash flow from operations and production results. With the success of Tamarack's first half drilling program, well results being ahead of budget, and the strength of cash flow the Company has increased the 2014 capital program by $24 million to $116 million [...]
CALGARY, ALBERTA--(Marketwired - Jun 2, 2014) - Tamarack Valley Energy Ltd. (TSX VENTURE:TVE) ("Tamarack" or the "Company") is pleased to announce record corporate production, as a result of the successful 2014 drilling program. Based on field estimates, Tamarack has averaged 5,850 boe/d during the last 7 days of May 2014. Although Tamarack has been affected by production curtailments due to un-scheduled third party [...]
CALGARY, ALBERTA--(Marketwired - May 1, 2014) - Tamarack Valley Energy Ltd. (TSX VENTURE:TVE) ("Tamarack" or the "Company") is pleased to announce record corporate production, as a result of the successful first quarter 2014 drilling program. Current production is 4,967 boe/d, based on field estimates, with additional behind pipe production (wells already drilled and completed awaiting permanent facilities or temporarily [...]
CALGARY, ALBERTA--(Marketwired - Apr 10, 2014) - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX VENTURE:TVE) board of directors and management team would like to thank Mr. Sheldon Steeves for his contributions to the Company, as he has resigned from the Board to pursue other business interests. Mr. Steeves has been on the Board of Tamarack since the acquisition of Echoex Ltd. on April 18, 2012. About [...]