Current TVE:CA Stock Info

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.

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