Tamarack reported year-end reserves indica ve of per share growth of 14% on a 1P basis and 5% on a 2P basis, largely re ec ng acquisi on activity during the year. With continued weakness in commodity prices to date in 2016, Management has prudently deferred $6 mm to $8 mm of planned capital expenditures to the back half of the year, while providing revised guidance ranges in the event commodity prices do not recover. We have updated our forecast with only modest changes from our prior view, whil ....
25 Feb 2016
Reports 2015 Year-End Reserves, Defers Capital Plans and Revises Guidance Range
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Reports 2015 Year-End Reserves, Defers Capital Plans and Revises Guidance Range
Tamarack Valley Energy Ltd. (TVE:TSE) | 0 0 3.2% | Mkt Cap: 589.5m
- Published:
25 Feb 2016 -
Author:
Michael Hearn -
Pages:
8
Tamarack reported year-end reserves indica ve of per share growth of 14% on a 1P basis and 5% on a 2P basis, largely re ec ng acquisi on activity during the year. With continued weakness in commodity prices to date in 2016, Management has prudently deferred $6 mm to $8 mm of planned capital expenditures to the back half of the year, while providing revised guidance ranges in the event commodity prices do not recover. We have updated our forecast with only modest changes from our prior view, whil ....