Brief: Tamarack Valley Energy Further Advances Core Asset Focus With The Sale Of Non-Core Cardium Assets

Tamarack Valley Energy

20/10/2023 01:12

Oct 19 (Reuters) - Tamarack Valley Energy Ltd  TVE.TO :
    * TAMARACK VALLEY ENERGY FURTHER ADVANCES CORE ASSET FOCUS
WITH
THE SALE OF NON-CORE CARDIUM ASSETS
    * TAMARACK VALLEY - ENTERED INTO AGREEMENT WITH PRIVATE
OPERATOR
TO SELL ITS NON-CORE WEST CENTRAL ALBERTA ASSETS FOR $123.0
MILLION IN CASH
    * TAMARACK VALLEY ENERGY- Q4 AND FULL YEAR 2023 AVERAGE
PRODUCTION
IS EXPECTED TO BE REDUCED BY APPROXIMATELY 4,500 BOE/D AND 1,200
BOE/D RESPECTIVELY
    * SALE OF ASSETS WILL REDUCE TAMARACK'S 2024 PRODUCTION
OUTLOOK BY
APPROXIMATELY 6,000 BOE/D

Source text for Eikon:  ID:nCNWR8ccYa 
Further company coverage:  TVE.TO 

 ((Reuters.briefs@thomsonreuters.com;))