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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

Comment by Bennys65on Nov 13, 2022 6:42am
310 Views
Post# 35094539

RE:RE:Brian comment

RE:RE:Brian commentThe cardium unit provides 97 million of fcf with very little capital needed to stay flat due to low decline says Brian..TVE has three legs.Clearwater,waterflood and charlie lake.Cardium is not part of that but he wont sell it while it is such a big part of 650 fcf net year.As tve gets bigger he says they will get off of it.So it looks like assets sales in the shrot term will be from other properties.In addition because the clearwater is self funding no need to raise capital in order to ramp up.Loved his example of comparing middle of the road Marten Hills core to the very best permian well.Payback for both wells was 5 months.Next payback for permian 40 months.For clearwater 11 months.Clearwater no fracking lower decline.
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