One-Page Deal Sheet
Tamarack Farms-In to Cardium Project; Ups Inventory 350%
Tamarack Valley Energy Ltd. Not Disclosed
Announced Date
August 01,2013
Effective Date
August 01,2013
Transaction Type
Farm-In/Farm Out
Transaction Details: Subscribe to see
Tamarack Valley Energy Ltd. has entered into a major farm-in and option agreement dated effective August 1, 2013 with an industry major to earn 70% working interest in up to 113 net sections of highly prospective Cardium lands directly offsetting proven ongoing development projects in the greater Pembina area.
With 183 gross (128 net) Cardium locations identified on the farm-in lands, the Farm-In Agreement increases Tamarack's Cardium inventory by approximately 350%. The Farm-in Agreement is an efficient low cost means of managing risk and securing a scalable multiyear economic development…
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