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Tamarack Valley Drills Longest Cardium Lateral in Q2; 10,560 Feet
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Tamarack Valley Energy Ltd. reported its operating and financial results for the second quarter and six month period ended June 30, 2016.
Key Points: Successful drilling of the Company's first two-mile lateral Cardium oil wells at Alder Flats / Wilson Creek, representing the longest wells drilled in Tamarack's history. Tamarack is re-affirming its 2016 annual average production guidance of between 9,700-10,000 boe/d (approximately 53-57% liquids), based on full year capital expenditures ranging from $45 to $53 million Operations ReviewA milestone was reached during the second quarter with the successful drilling of the Company's first two-mile lateral Cardium oil wells at Alder Flats / Wilson Creek, representing the longest wells drilled in Tamarack's history. These two wells…
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