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 [...]
TSX: TVE Tamarack Valley Energy Ltd. is pleased to announce its financial and operating results for the three months and year ended December 31, 2020 and the results of its independent oil and gas reserves evaluation as of December 31, 2020, prepared by GLJ Ltd. . Selected financial, operational and reserves information is outlined below and should be read with Tamarack's audited consolidated financial statements and [...]
TSX: TVE Tamarack Valley Energy Ltd. announces that the Board of Directors has approved a 2021 capital budget of $105 to $110 million, designed to grow corporate oil production by approximately 30% on an exit-over-exit basis, generate significant free adjusted funds flow and maintain a strong balance sheet with a debt to trailing annual adjusted funds flow of less than 1.5 times. While 2020 was a challenging year on many [...]
TSX: TVE Tamarack Valley Energy Ltd. is pleased to announce the closing of the sale of a newly created 2% gross overriding royalty to Topaz Energy Corp. on a select portion of the acquired Clearwater properties completed on December 21, 2020. Tamarack has committed to spending $80.0 million of capital to further develop the GORR lands prior to December 31, 2022. About Tamarack Valley Energy Ltd. Tamarack is an oil and gas [...]
TSX: TVE Tamarack Valley Energy Ltd. is pleased to announce the closing of two strategic acquisitions which establish a significant consolidated and operated position in the Clearwater oil play in the Greater Nipisi area, along with interests in the Jarvie area of Alberta, for a total net purchase price of $74.0 million, after deducting the proceeds from the sale of a 2% newly created gross overriding royalty on a select [...]
Tamarack Valley Energy Ltd. is pleased to announce two strategic acquisitions which will establish a significant consolidated and operated position in the Clearwater oil play in the Greater Nipisi area along with interests in the Jarvie area of Alberta for a total net purchase price of $74.0 million, after deducting the proceeds from the sale of a 2% newly created gross overriding royalty on a select portion of the [...]
TSX: TVE Tamarack Valley Energy Ltd. is pleased to announce that our bank syndicated credit facility has been redetermined and remains at $275 million. As at November 30th, 2020, the Company has drawn approximately $189 million and has ample liquidity for the remainder of 2020 and 2021. Tamarack has forecasted free adjusted funds flow1 for both 2020 and 2021 with forecasted year-end net debt to trailing adjusted funds [...]
TSX: TVE Tamarack Valley Energy Ltd. is pleased to announce its financial and operating results for the three and nine month periods ended September 30, 2020. 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 nine months ended September 30, 2020 and related management's [...]
TSX: TVE CALGARY, AB, Oct. 22, 2020 /CNW/ - Tamarack Valley Energy Ltd. is pleased to announce the completion of its inaugural Sustainability Report, outlining the Company's continued focus on environmental, social and governance practices and the increasingly vital role these factors play in Tamarack's strategy. The Company has set commitments and goals related to the focus areas of governance, health and safety [...]
TSX: TVE Tamarack Valley Energy Ltd. is pleased to announce its financial and operating results for the three and six month periods ended June 30, 2020. 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, 2020 and related management's discussion and [...]
TSX: TVE Tamarack Valley Energy is pleased to announce it has entered into a purchase agreement to acquire assets located in West Central, Alberta . The Assets include approximately 2,500 boe/d of low-decline production supported by a high-quality, multi-zone light oil and liquids rich gas drilling inventory and approximately 105,000 net acres of land, acquired for total cash consideration of $4.25 million . The [...]
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