Brian Schmidt, President and Chief Executive Officer of Tamarack Valley Energy Ltd. (CDNX: TVE), presented today at EnerCom’s The Oil & Gas Conference 20®.
Tamarack Valley Energy is an oil and gas company involved in the identification, evaluation and operation of resource plays in the Western Canadian sedimentary basin. Tamarack’s oil-focused assets include plays in Lochend, Garrington/Harmattan and Buck Lake in Alberta, low cost Viking light oil resource plays in Redwater, Foley Lake and Westlock in Alberta and highly economic heavy oil opportunities southeast of Lloydminster in Saskatchewan.
Tamarack Valley Energy reported $2.1 million ($3.23/boe) in hedging gains during the second quarter of 2015. Also Tamarack Valley Energy reduced net debt by $23.9 million during the quarter to $97.3 million. Lastly, the firm delivered production of 6,992 BOEPD, an increase of 34% compared to 5,203 BOEPD in Q2’14.
During the company’s breakout session, management was asked the following questions:
- Do you think that there is a chance that the production will surprise the upside like you mentioned in the presentation?
- Can you give a little bit of an update on the tuck-in acquisition?
- How can Tamarack progress in this environment?
To listen to the webcast, click here.
Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as to its completeness or accuracy. EnerCom’s conclusions are based upon information gathered from sources deemed to be reliable. This note is not intended as an offer or solicitation for the purchase or sale of any security or financial instrument of any company mentioned in this note. This note was prepared for general circulation and does not provide investment recommendations specific to individual investors. All readers of the note must make their own investment decisions based upon their specific investment objectives and financial situation utilizing their own financial advisors as they deem necessary. Investors should consider a company’s entire financial and operational structure in making any investment decisions. Past performance of any company discussed in this note should not be taken as an indication or guarantee of future results. EnerCom is a multi-disciplined management consulting services firm that regularly intends to seek business, or currently may be undertaking business, with companies covered on Oil & Gas 360®, and thereby seeks to receive compensation from these companies for its services. In addition, EnerCom, or its principals or employees, may have an economic interest in any of these companies. As a result, readers of EnerCom’s Oil & Gas 360® should be aware that the firm may have a conflict of interest that could affect the objectivity of this note. EnerCom, or its principals or employees, may have an economic interest in any of the companies covered in this report or on Oil & Gas 360®. As a result, readers of EnerCom’s reports or Oil & Gas 360® should be aware that the firm may have a conflict of interest that could affect the objectivity of this report.