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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 wannabebuffeton Mar 16, 2024 9:03am
276 Views
Post# 35936402

Enhanced Oil Recovery

Enhanced Oil Recovery1) The EOR in the Clearwater is exciting.
Potentially doubling output from the CW area.
They put out a few feelers which turned up very good and now are jumping in full time with many more injectors.
We won't see the results until liely 2025 but just thinking about it gives me the warm and fuzzies.

2) Net Debt Y/E 984M less 1st q 141M repaid DAP and Term Loan means we are in bucket 2 of return to shareholders end of this q.
I like it.

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