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Tamarack Valley Ups 2018 Guidance Again; Talks Prelim 2019 Plans
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Tamarack Valley Energy has increased its production guidance / exit rate again for 2018 due to strong drilling results. Additionally, the company has detailed its preliminary 2019 plans.
2018 Guidance Upped - Viking Ops Credited Annual production guidance for 2018 has been increased to 24,000 to 24,500 boe/d (64 to 66% liquids), up from 23,500 to 24,000 boe/d, while 2018 fourth quarter exit production guidance has been increased to 24,500 to 25,000 boe/d (65 to 67% liquids), up from 24,000 to 24,500 boe/d.The increase is a result of better than expected performance from its Alberta Viking drilling program thus far in 2018, production for the last four weeks has averaged over 25,000 boe/d based on field estimates. Tamarack expects third quarter 2018 production to average approximately…
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