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Tamarack Valley Energy Ltd T.TVE

Alternate Symbol(s):  TNEYF

Energy Oil & Gas E&P
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

Tamarack Valley Energy Ltd
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Post by Betteryear2on Sep 17, 2024 6:09pm
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Post# 36228032

Tamarack Valley Energy Expands the Clearwater Infrastructure

Tamarack Valley Energy Expands the Clearwater InfrastructureCALGARY, AB, Sept. 17, 2024 /CNW/ - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX: TVE) and Wapiscanis Waseskwan Nipiy Holding Limited Partnership ("WWN") are pleased to announce the expansion of the previously announced Clearwater Infrastructure Limited Partnership (the "CIP") to include Bigstone Cree Nation ("Bigstone") as the 13th member of WWN, joining 12 other First Nations and Mtis settlements (collectively, the "WWN Shareholders"). In conjunction with Bigstone's entry into WWN, Tamarack transferred an additional $50.8MM of certain Clearwater midstream assets into the CIP for cash consideration of $43.2MM (before closing adjustments) and maintains a 15% operated working interest in the CIP (collectively, the "Expansion"). The Expansion closed on September 17, 2024.

Tamarack Valley Energy Expands the Clearwater Infrastructure Partnership, Provides Operational Update and Announces Declaration of Monthly Dividend (newswire.ca)
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