Tamarack Valley Energy Ltd T.TVE

Nov 3 Closing of sale

[BigSchlick]

This deal is fantastic for tve shareholders. It closes in a matter of weeks and the buybacks are going to begin. I wouldn't be surprised to see an announcement of a modest post dated increase to the dividend with the release of the 3rd quarter results this Wednesday. The charlie lake, marten hills and nipisi assets are really shining and south clear water and seal are money in the bank. But the wild card for the 4th quarter is going to be the exploration drilling in the peavine, there's currently little expectations after the 1st well drilled so if these results surprise to the upside then tve will get another leg up. There's definitely oil there and my hunch is things look much rosier after the second kick at the can.

[Bennys65]

I think your comment on peavine is right on.40 bpd of heavy oil and people wrote it off.Brian stated in a CC there was alot of oil in place and tve planned to drill a bunch of strat tests this quarter  as the clearwater can vary greatly from section to section.With the new interest in low perm heavy oil and fishbone drilling I think we will be hearing much more on peavine.As for those who