Tamarack Valley Energy Ltd T.TVE

When Will the 25% Return to Shareholders Occur?

[wannabebuffet]

I tried to get more detail from TVE Investor Relations on when the buybacks/dividends would begin.
I was just pointed to the table in the July investor presentation on the website.
There is now a August presentation on the website, not much changed.

I couldn't figure out why $75 and $85 oil were both in Q1'24?
Seems strange.

Achieving up to 25% shareholder return threshold3
WTI (US$/bbl)	$65	$75	$85
Estimated timing	Q2’24	Q1’24	Q1’24

Here is the full email ask and reply:
Good Morning – thanks for your note. If you look at page 6 of our current investor presentation (available at www.tamarackvalley.ca), we have some forecasted dates outlined at various oil prices. I’ve included the table below. We don’t address $80US WTI or 67,000 boed specifically; however, this should give you a general idea.  
 

Achieving up to 25% shareholder return threshold3
WTI (US$/bbl)	$65	$75	$85
Estimated timing	Q2’24	Q1’24	Q1’24

 
Please let us know if you have any additional questions.
 
Have a great day!
 
June-Marie Innes
(c)[phone]
(d)[phone]
 
From: steve jowett <[e-mail]>
Sent: Wednesday, September 13, 2023 7:16 AM
To: Investor Relations <[e-mail]>
Subject: Investor or Relation Inquiry
 
CAUTION: This email originated from outside of the Tamarack Valley organization. Do not click links, open attachments, enter credentials, or reply to the message unless you recognize the sender and know the content is safe.
 
Hi TVE,
 
I am an investor now for over two years and am continually buying more shares.
I am hoping soon to be in the green on my investment.
 
My question is:
 
Excluding property sales and using 67,000 bpd and $80 USD price when will the 25% shareholder return threshold be met?
 
Thanks,
Steve

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