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Tamarack Valley Energy Ltd T.TVE

Alternate Symbol(s):  TNEYF

Tamarack Valley Energy Ltd. is a Canada-based oil and gas exploration and production company. The Company's asset portfolio is comprised of oil plays in Alberta, including Charlie Lake, Clearwater and several enhanced oil recovery (EOR) opportunities. The Company has an inventory of low-risk, oil development drilling locations. Its Clearwater oil play is located in north-central Alberta. Its Charlie Lake oil play is located in northwestern Alberta. Its EOR portfolio includes a set of assets across Alberta representing a range of formations and production types. The Company’s subsidiary is Tamarack Ridge Resources Inc.


TSX:TVE - Post by User

Post by BigSchlickon Jul 17, 2022 12:22am
480 Views
Post# 34829568

Q1 wells already in the GREEN

Q1 wells already in the GREENAccording to Q1 financials tve drilled 37.5 net wells. The payout on the wells is under 4 months. Therefore by Q2 end these wells were bought and paid for. If these wells average 200bbl/day x 37.5 wells, that would be 7500 bbl/day added. With 116 net wells total targeted for 2022 (according to march presentation) the profits will keep rolling in on these highly economic wells and the production will keep on increasing. They are keeping very low key about how much they will be producing by year end. HWX and Baytex both have year end projections in their presentations and/or Q1 financials. TVE is yet to pump their own tires but I think we know what's coming
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