Exploration & Production | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update
Tamarack's Cardium, Viking Success Lifts Production, Reserves
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Tamarack Valley Energy Ltd. has reported the results of its independent reserve evaluation as of December 31, 2013, which include a 67% increase in proved plus probable reserves to 18.684 mmboe, a proved plus probable finding, development and acquisition cost of $23.94/boe and a recycle ratio of 1.65.
The Company is also pleased to announce a record quarter production average of 4,336 boe/d for the fourth quarter of 2013, which was an increase of 37% from the previous quarter.
2013 Highlights: Reserve Report Increased proved plus probable reserves by 67% to 18.684 million boe with 61% oil and natural gas liquids (NGLs) weighted and proved reserves by 51% to 9.992 million boe with 59% oil and NGLs weighted. Increased proved plus probable reserves by 29% and proved reserves by 17% on a per…- ✓ Full news archive — U.S., Canada & international coverage
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