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Tamarack Lauds Cardium, Viking Ops; Details Sure M&A Deal
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Tamarack Valley Energy Ltd. has reported operational and financial results for the three and nine months ended September 30, 2013.
Financial and Operational Highlights: Achieved record quarterly production averaging 3,162 barrels of oil equivalent (boe/d), up 9% from 2,890 boe/d in Q2/13 and increased by 19% from 2,657 boe/d in Q3/12 Increased funds from operations by 17% to $10.3 million in Q3/13 compared to $8.8 million in Q2/13, and up 66% compared to $6.2 million for Q3/12 Increased operating netbacks by 3% to $40.46/boe in Q3/13 from $39.27/boe in Q2/13 and up 33% compared to Q3/12 Drilled, completed, equipped and tied-in two (1.0 net) Lochend Cardium wells, one (0.2 net) Willesden Green Cardium well, completed, equipped 4 (3.7 net) Redwater Viking wells and drilled 1 (0.8 net) Buck…- ✓ Full news archive — U.S., Canada & international coverage
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