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Tamarack Valley Touts High Drilling Activity in Q1; 47 Wells Drilled
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Tamarack Valley reported its Q4 2016 results.
2016 Financial and Operating Highlights: To date in the first quarter of 2017, Tamarack is pleased to confirm that it has drilled 35 (32.1 net) horizontal Viking light oil wells, 8 (7.3 net) extended reach horizontal Cardium light oil wells, 3 (3.0 net) heavy oil wells in Hatton and one net Notikewin liquids-rich natural gas well. This is the most active quarter in the Company's history for drilling and capital activity Achieved record Q4/16 average production of 11,453 boe/d, up 6% from Q3/16 and up 15% over Q4/15, and grew annual average production by 22% to average 10,344 boe/d in 2016 compared to 8,448 boe/d in 2015. Announced the transformative transaction with Spur Resources, Ltd. on November 2, 2016, positioning Tamarack as a…- ✓ Full news archive — U.S., Canada & international coverage
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