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Tamarack Valley's Credit Line Reaffirmed

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   |    Tuesday,December 01,2020

Tamarack Valley Energy Ltd.'s bank syndicated credit facility has been redetermined and remains at $275 million.

As of November 30th, 2020, the Company has drawn approximately $189 million and has ample liquidity for the remainder of 2020 and 2021.

Tamarack has forecasted free adjusted funds flow1 for both 2020 and 2021 with forecasted year-end net debt to trailing adjusted funds flow ratio1 of less than 1.5x in both years.

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