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CALGARY, AB, July 27, 2023 /CNW/ – Tamarack Valley Energy Ltd. (“ Tamarack ” or the “ Company “) is pleased to announce its financial and operating results for the three and six months ended June 30, 2023. Selected financial and operating information is outlined below and should be read with Tamarack’s consolidated financial statements and related management’s discussion and analysis (MD&A) for the three and six months ended June 30, 2023, which will be available on SEDAR+ at www.sedarplus.ca and on Tamarack’s website at www.tamarackvalley.ca . Tamarack Valley Energy Ltd. Logo (CNW Group/Tamarack Valley Energy Ltd.) Q2 2023 Financial and Operating Highlights Commissioned a newly constructed, owned and operated Wembley gas plant June 9, delivering the project on budget and ahead of schedule with production ramping to the nameplate 15 MMcf/d of initial capacity; Achieved quarterly volumes of 66,738 boe/d (2) , representing a 52% year-over-year increase (or 21% on a per share basis). A successful second quarter development program was partially offset by the Company’s loss of ~1,500 boe/d (3) of production owing to the direct and indirect impacts of the Alberta wildfires situation and unplanned third-party outages. Production impacts were largely restored prior to June 30, […]
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