Operational Updates | Quarterly / Earnings Reports | Debt | Second Quarter (2Q) Update | Financial Results | Capital Markets
Tamarack Cuts Debt, Spins Bit at Multiple Cardium Wells in 2Q
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Tamarack Valley Energy Ltd. reported its operating and financial results for the second quarter of 2015. The Company exceeded its second quarter 2015 production guidance of 6,300 to 6,500 boe/d by averaging 6,992 boe/d and increased its funds flow netback per boe by 9.8% to $20.72/boe through continued cost cutting measures.
Financial and Operating Highlights: Delivered production of 6,992 boe/d (60% oil and NGLs), an increase of 34% compared to 5,203 boe/d (61% oil and NGLs) in Q2/2014, and delivered production of 7,539 boe/d (61% oil and NGLs) for the six month period ended June 30, 2015, an increase of 61% compared to 4,696 boe/d for the same period of 2014 (55% oil and NGLs). Production per fully diluted share on a year over year basis grew by 14.5%. Funds from operations decreased…- ✓ Full news archive — U.S., Canada & international coverage
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