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Tamarack Valley Energy Expands the Clearwater Infrastructure Partnership, Provides Operational Update and Announces Declaration of Monthly Dividend
Tamarack Valley Energy Expands the Clearwater Infrastructure Partnership, Provides Operational Up...
About this update from Tamarack Valley Energy Ltd.
[{"type":"text","content":"\n\n\n\n Tamarack Valley Energy Expands the Clearwater Infrastructure Partnership, Provides Operational Update and Announces Declaration of Monthly Dividend\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; TEXT-ALIGN: LEFT; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n CALGARY, AB\n \n\n ,\n \n\n Sept. 17, 2024\n \n\n /CNW/ - Tamarack Valley Energy Ltd. (\"\n \n Tamarack\n \n \" or the \"\n \n Company\n \n \") (TSX: TVE) and Wapiscanis Waseskwan Nipiy Holding Limited Partnership (\"\n \n WWN\"\n \n ) are pleased to announce the expansion of the previously announced Clearwater Infrastructure Limited Partnership (the\n \n \"CIP\"\n \n ) to include Bigstone Cree Nation (\"\n \n Bigstone\n \n \") as the 13\n \n th\n \n member of WWN, joining 12 other First Nations and Métis settlements (collectively, the \"\n \n WWN Shareholders\n \n \"). In conjunction with Bigstone's entry into WWN, Tamarack transferred an additional\n \n $50\n \n .8MM of certain\n \n Clearwater\n \n midstream assets into the CIP for cash consideration of\n \n $43\n \n .2MM (before closing adjustments) and maintains a 15% operated working interest in the CIP (collectively, the \"\n \n Expansion\n \n \"). The Expansion closed on\n \n September 17, 2024\n \n .\n \n\n\n\n\n\n\n\n\n\n Pioneering Partnerships\n \n\n\n The Expansion reflects the Company's commitment to the long-term relationship with Indigenous communities where Tamarack is developing its\n \n Clearwater\n \n assets.\n \n\n Chief\n \n Andy Alook\n \n , of Bigstone Cree Nation, commented: \"\n \n The Bigstone leadership and our supporting team are excited and proud to be part of this historical partnership with WWN and Tamarack. As we lead our nation towar...