Bullboard - Stock Discussion Forum 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... see more

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Tamarack Valley Energy Ltd > Tamarack Valley Energy Expands the Clearwater Infrastructure

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Post by Betteryear2 on Sep 17, 2024 6:09pm

Tamarack Valley Energy Expands the Clearwater Infrastructure

CALGARY, 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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