Exploration & Production | Quarterly / Earnings Reports | First Quarter (1Q) Update
Tamarack to Complete Viking Operation Ahead of Schedule
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Tamarack Valley Energy Ltd. has announced record corporate production, as a result of the successful 2014 drilling program.
Based on field estimates, Tamarack has averaged 5,850 boe/d during the last 7 days of May 2014.
Although Tamarack has been affected by production curtailments due to un-scheduled third party facility downtime in central Alberta, stronger than budgeted results from the Company's accelerated program is expected to make up for the majority of the production curtailments.
Based on the current outlook, Tamarack expects to achieve its original average production forecast of 4,700 boe/d during the first half of 2014 and reiterates its annual average production between 5,300 and 5,500 boe/d for 2014.
The Company estimates that production was curtailed by approximately 300…
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