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Last €3.32 EUR
Change Today +0.039 / 1.19%
Volume 0.0
9TA1 On Other Exchanges
Symbol
Exchange
OTC US
Frankfurt
As of 2:01 AM 04/30/15 All times are local (Market data is delayed by at least 15 minutes).

tamarack valley energy ltd (9TA1) Snapshot

Open
€3.32
Previous Close
€3.28
Day High
€3.32
Day Low
€3.32
52 Week High
09/8/14 - €5.26
52 Week Low
12/15/14 - €1.83
Market Cap
258.6M
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
77.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for TAMARACK VALLEY ENERGY LTD (9TA1)

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tamarack valley energy ltd (9TA1) Details

Tamarack Valley Energy Ltd. engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in the Western Canadian sedimentary basin. It holds interests in Cardium light oil resource plays in Lochend, Garrington/Harmattan, and Buck Lake in Alberta; Viking light oil resource plays in Redwater, Foley Lake, and Westlock in Alberta; and heavy oil properties located southeast of Lloydminster in Saskatchewan. The company was formerly known as Tango Energy Inc. and changed its name to Tamarack Valley Energy Ltd. in June 2010. Tamarack Valley Energy Ltd. was incorporated in 2002 and is headquartered in Calgary, Canada.

13 Employees
Last Reported Date: 03/12/15
Founded in 2002

tamarack valley energy ltd (9TA1) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$192.3K
Chief Financial Officer and Vice President of...
Total Annual Compensation: C$164.6K
Vice President of Production & Operations
Total Annual Compensation: C$164.6K
Vice President of Exploration
Total Annual Compensation: C$162.1K
Vice President of Land
Total Annual Compensation: C$159.5K
Compensation as of Fiscal Year 2013.

tamarack valley energy ltd (9TA1) Key Developments

Tamarack Valley Energy Ltd Presents at 2015 CAPP Scotiabank Investment Symposium, Apr-09-2015 09:00 AM

Tamarack Valley Energy Ltd Presents at 2015 CAPP Scotiabank Investment Symposium, Apr-09-2015 09:00 AM. Venue: Sheraton Centre Hotel, 123 Queen Street West, Toronto, Ontario, Canada. Speakers: Brian L. Schmidt, Chief Executive Officer, President and Director.

Tamarack Valley Energy Ltd Reports Audited Consolidated Earnings and Production Results for the Fourth Quarter and Year Ended December 31, 2014

Tamarack Valley Energy Ltd. reported audited consolidated earnings and production results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported total revenue of $33,838,539 compared to $22,224,185 a year ago. Funds from operations were $19,127,813 compared to $10,505,372 a year ago. Diluted funds from operation per share were $0.25 compared to $0.23 a year ago. Net loss was $38,991,202 compared to net income of $10,854,769 a year ago. Basic and diluted net loss per share was $0.50 compared to basic and diluted earnings per share of $0.24 a year ago. Net debt was $129,798,673 compared to $81,764,155 a year ago. Capital Expenditures were $26,774,395 compared to $22,009,901 a year ago. For the quarter, the company reported Average daily production of Crude oil and NGLs was 4,348 (bbls/d) compared to 2,495 (bbls/d) a year ago. Average daily production of Heavy oil was 413 (bbls/d) compared to 116 (bbls/d) a year ago. Average daily production of natural gas was 17,518 (mcf/d) compared to 10,349 (mcf/d) a year ago. Total Average daily production was 7,681 (boe/d) compared to 4,336 (boe/d) a year ago. For the full year, the company reported total revenue of $125,992,315 compared to $70,059,021 a year ago. Funds from operations were $66,171,480 compared to $36,594,096 a year ago. Diluted and basic funds from operation per share were $1.05 compared to $1.09 a year ago. Net loss was $25,167,361 compared to net income of $14,813,126 a year ago. Basic and diluted net loss per share was $0.40 compared to basic and diluted earnings per share of $0.44 a year ago. Net debt was $129,798,673 compared to $81,764,155 a year ago. Capital Expenditures were $288,903,460 compared to $57,541,055 a year ago. For the full year, the company reported Average daily production of Crude oil and NGLs was 3,245 (bbls/d) compared to 1,852(bbls/d) a year ago. Average daily production of Heavy oil was 257 (bbls/d) compared to 59 (bbls/d) a year ago. Average daily production of natural gas was 13,292(mcf/d) compared to 8,191 (mcf/d) a year ago. Total Average daily production was 5,717 (boe/d) compared to 3,276 (boe/d) a year ago.

Tamarack Valley Energy Ltd. Announces Wilson Creek Operations Update

Tamarack Valley Energy Ltd. announced that a successful second half 2014 drilling program in the Wilson Creek area contributed to a record exit production rate averaging approximately 9,700 boe/d (based on field estimates) during the last 14 days of December, 2014, exceeding its exit production target of 9,500 boe/d. All 10.9 net wells drilled in the fourth quarter were brought on production at various times during December, 2014. The company, based on field estimates, averaged approximately 8,500 boe/d during the month of December, 2014 with an oil and natural gas liquids weighting of approximately 63%. Tamarack's operated oil battery located in the Wilson Creek area of Alberta, had a fire-tube failure in the treater, early yesterday, causing a small fire that was extinguished within hours. As a result, capacity at this oil battery will be temporarily curtailed. The Company expects the oil battery to be shut down for three days at which point it is expected the facility will be able to run at approximately 75% of capacity until final repairs can be completed later in the month. Prior to the fire-tube failure, the oil battery was processing 3,700 to 3,800 bbls/d of oil and Tamarack was expecting to average approximately 9,400 to 9,500 boe/d in January, 2015, from the wells that were on production at the end of 2014. The Company will provide an update of the expected impact of this curtailment to first quarter production average, when it disseminates its 2015 guidance later in January, 2015. Tamarack recently took over operation of this oil battery as part of the Wilson Creek acquisition which closed on September 30, 2014. During the fourth quarter, Tamarack drilled 13 (10.9 net) Cardium wells in the Wilson Creek/Alder Flats area, which is 2.0 net wells less than originally planned due to continual declining commodity prices. The Company is currently finalizing its 2015 capital expenditure plan that will be disseminated after receiving Board approval, expected later in January, 2015. Tamarack will base its 2015 capital expenditure plan using strip commodity prices which are currently approximately USD 55.00/bbl for WTI and USD 2.80/GJ at AECO. Tamarack currently does not have any drilling or completion operations underway.

 

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