TSX: TVE Tamarack Valley Energy Ltd. is pleased to announce a corporate five-year plan along with the continued consolidation of assets in the Clearwater. The five-year plan highlights the significant free funds flow the Company's assets generate and the flexibility to direct funds to achieving long-term debt targets, return of capital to shareholders, and incremental growth of the business both organically and through [...]
TSX: TVE Tamarack Valley Energy Ltd. is pleased to announce its financial and operating results for the three and six months ended June 30, 2021. Selected financial and operational information is outlined below and should be read in conjunction with Tamarack's unaudited condensed consolidated interim financial statements for the three and six months ended June 30, 2021 and related management's discussion and analysis [...]
TSX: TVE Tamarack Valley Energy Ltd. is pleased to announce that it has successfully closed the previously announced acquisition of Anegada Oil Corp. . Tamarack acquired all of the issued and outstanding common shares of Anegada for total net consideration of 105.3 million common shares of Tamarack and $247.5 million in cash and assumed net debt, after deducting the proceeds from the closing of the previously announced 2 [...]
TSX: TVE Tamarack Valley Energy announces that at the annual general and special meeting of shareholders held on May 12, 2021 , the following individuals, being the eight nominees listed in the management information circular of the Company dated March 30, 2021 , were elected by way of ballot as directors of Tamarack to hold office until the next annual meeting of shareholders or until their successors are duly elected or [...]
TSX: TVE Tamarack Valley Energy Ltd. is pleased to announce its financial and operating results for the three months ended March 31, 2021. Selected financial and operational information is outlined below and should be read in conjunction with Tamarack's unaudited condensed consolidated interim financial statements for the three months ended March 31, 2021 and related management's discussion and analysis which are [...]
TSX: TVE Tamarack Valley Energy Ltd. announces it has received written consents from shareholders holding a majority of the issued and outstanding common shares of Tamarack approving the Company's previously announced acquisition of Anegada Oil Corp. , a privately held pure play Charlie Lake light-oil producer . As partial consideration for the Acquisition, Tamarack will issue 105,341,880 Tamarack Shares to the [...]
TSX: TVE Tamarack Valley Energy Ltd. is pleased to announce that, further to its recently completed bought deal equity financing of common shares of Tamarack at a price of $2.25 per Common Share, the over-allotment option granted to the underwriters has been exercised in full, resulting in the issuance of 3,030,300 Common Shares on April 15, 2021 for gross proceeds of $6,818,175. The syndicate of underwriters was led by [...]
TSX: TVE Tamarack Valley Energy Ltd. is pleased to announce that it has entered into a definitive agreement to acquire Anegada Oil Corp. , a privately held pure play Charlie Lake light-oil producer, for total net consideration of $494 million , after deducting the proceeds from the sale of a 2% newly created gross overriding royalty on the acquired assets . The total net consideration consists of $247.5 million in cash [...]
TSX: TVE Tamarack Valley Energy Ltd. is pleased to announce the closing of the two previously announced strategic acquisitions in the Provost and Nipisi areas of Alberta for a total net purchase price of $135.3 million, after deducting the proceeds from the sale of two newly created 4.0% gross overriding royalties on a select portion of the acquired Nipisi properties. Concurrent with the Acquisitions, the Company [...]
TSX: TVE Tamarack Valley Energy Ltd. is pleased to announce the execution of a definitive agreement with Woodcote Petroleum Inc. pursuant to which the Company will acquire all of the issued and outstanding shares of Woodcote, a private company with a 100% operated working interest in Greater Nipisi for aggregate consideration of $43.0 million, comprised of $32.0 million in cash, subject to adjustment, and 4,888,889 common [...]
Tamarack Valley Energy Ltd. is pleased to announce that, as a result of excess demand, it has agreed with the syndicate of underwriters led by National Bank Financial Inc. and Peters & Co. Limited to increase the size of its previously announced bought-deal financing . Tamarack will now issue 30,303,000 common shares at a price of $2.25 per Common Share to raise aggregate gross proceeds of $68,181,750 pursuant to the [...]
Tamarack Valley Energy Ltd. is pleased to announce that it has entered into two separate agreements to acquire assets in the Provost and Nipisi areas of Alberta . The Acquisitions include approximately 2,800 boe/d of low decline oil weighted assets under waterflood, along with approximately 38,400 net acres in the Clearwater play of Alberta for a total purchase price of approximately $135.3 million, net of proceeds from [...]