TSX: TVE

CALGARY, AB, Jan. 11, 2021 /CNW/ – Tamarack Valley Energy Ltd. (“Tamarack” or the “Company“) (TSX: TVE) announces that the Board of Directors (the “Board“) 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 fronts, Tamarack’s financial discipline and operational strength enabled the Company to capture additional … Continue Reading

TSX: TVE  

CALGARY, AB, Dec. 23, 2020 /CNW/ – Tamarack Valley Energy Ltd. (“Tamarack” or the “Company“) (TSX: TVE) is pleased to announce the closing of the sale of a newly created 2% gross overriding royalty (the “GORR Disposition“) 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 exploration and production company committed to long-term growth and … Continue Reading

TSX: TVE      

CALGARY, AB, Dec. 21, 2020 /CNW/ – Tamarack Valley Energy Ltd. (“Tamarack” or the “Company“) (TSX: TVE) is pleased to announce the closing of two strategic acquisitions (together, the “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 (the “GORR Disposition“) on a select portion of the acquired properties. Pursuant to the … Continue Reading

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TSX: TVE

CALGARY, AB, Dec. 14, 2020 /CNW/ – Tamarack Valley Energy Ltd. (“Tamarack” or the “Company“) (TSX: TVE) is pleased to announce two strategic acquisitions (together, the “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 … Continue Reading

TSX: TVE      

CALGARY, AB, Nov. 30, 2020 /CNW/ – Tamarack Valley Energy Ltd. (“Tamarack” or the “Company”) 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 flow ratio1 of less than 1.5x in both years. 

About Tamarack Valley Energy Ltd.

Tamarack is an oil … Continue Reading

TSX: TVE

CALGARY, AB, Nov. 10, 2020 /CNW/ – Tamarack Valley Energy Ltd. (“Tamarack” or the “Company”) 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 discussion and analysis (“MD&A”) which are available on SEDAR at www.sedar.com and on Tamarack’s website at www.tamarackvalley.ca.

Message to Shareholders

Considerable market volatility has dominated … Continue Reading

TSX: TVE 

CALGARY, AB, Oct. 22, 2020 /CNW/ – Tamarack Valley Energy Ltd. (“Tamarack” or the “Company”) is pleased to announce the completion of its inaugural Sustainability Report, outlining the Company’s continued focus on environmental, social and governance (“ESG”) 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, community engagement, indigenous partnerships, people, land and biodiversity preservation, water management and emissions management.

“We are particularly proud of our ESG team and the progress they have made in advancing our … Continue Reading

TSX: TVE

CALGARY, AB, Aug. 12, 2020 /CNW/ – Tamarack Valley Energy Ltd. (“Tamarack” or the “Company”) 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 analysis (“MD&A”) which are available on SEDAR at www.sedar.com and on Tamarack’s website at www.tamarackvalley.ca.

Message to Shareholders

The past few months have … Continue Reading

TSX: TVE

CALGARY, AB, July 9, 2020 /CNW/ – Tamarack Valley Energy (“Tamarack” or the “Company”) (TSX: TVE) is pleased to announce it has entered into a purchase agreement to acquire assets located in West Central, Alberta (the “Assets”). The Assets include approximately 2,500 boe/d (52% oil and natural gas liquids, “NGLs”) 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 “Acquisition”). The Acquisition continues to advance Tamarack’s strategy of enhancing its overall sustainability and free … Continue Reading

TSX: TVE

CALGARY, AB, June 18, 2020 /CNW/ – Tamarack Valley Energy (“Tamarack” or the “Company”) (TSX: TVE) is pleased to announce that our bank syndicated credit facility has been redetermined at $275 million, of which the company was drawn approximately $209 million as of June 18th, 2020. The Company has ample liquidity for the remainder of 2020 and expects to generate free adjusted funds flow1 over and above planned capital expenditures with a forecasted net debt to trailing annual adjusted funds flow ratio1 of less than 2x.

About Tamarack Valley Energy Ltd.

Tamarack is an oil … Continue Reading

TSX: TVE                                                                                                                                          

CALGARY, May 13, 2019 /CNW/ – Tamarack Valley Energy (“Tamarack” or the “Company“) announces that at the annual general meeting of shareholders held on May 13, 2019 (the “Meeting“), the following individuals, being the eight nominees listed in the management information circular of the Company dated April 10, 2019 (the “Circular“), 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 appointed, unless such office is vacated earlier in accordance with the Company’s articles or by-laws:       

Name of Nominee… Continue Reading

TSX: TVE

CALGARY, May 9, 2019 /CNW/ – Tamarack Valley Energy Ltd. (“Tamarack” or the “Company“) is pleased to announce its financial and operating results for the three months ended March 31, 2019. 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, 2019 and related management’s discussion and analysis (“MD&A”) which are available on SEDAR at www.sedar.com and on Tamarack’s website at www.tamarackvalley.ca.

Q1 2019 Financial and Operating Highlights