Business
Tamarack Valley Energy Ltd. Announces Sale of Remaining Non-core Assets to Become Pure-play Clearwater and Charlie Lake Producer
Tamarack Valley Energy Ltd. Announces Sale of Remaining Non-core Assets to Become Pure-play Clear...
About this update from Tamarack Valley Energy Ltd.
[{"type":"text","content":"\n\n\n\n Tamarack Valley Energy Ltd. Announces Sale of Remaining Non-core Assets to Become Pure-play Clearwater and Charlie Lake Producer\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.prngen3{\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.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; TEXT-ALIGN: LEFT; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n TSX: TVE\n \n\n\n\n\n CALGARY, AB\n \n\n ,\n \n\n Sept. 18, 2025\n \n\n /CNW/ - Tamarack Valley Energy Ltd. is pleased to announce it has entered into a definitive agreement with a private company to sell its remaining non-core producing assets in the Veteran Consort and Eyehill areas of\n \n Eastern Alberta\n \n for\n \n $112.0 million\n \n before closing adjustments (the \"\n \n East Asset Divestiture\n \n \").\n \n\n\n\n\n\n\n\n\n\n Transaction Highlights\n \n\n\n\n\n Asset focus –\n \n completes Tamarack's transformation into a pure-play\n \n Clearwater\n \n and\n \n Charlie Lake\n \n producer\n \n\n\n Costs\n \n\n –\n \n Net production expenses per boe\n \n (1)\n \n expected to improve by ~10% from the disposition of lower margin barrels\n \n\n\n Guidance –\n \n No change to 2025 full year production guidance; 2026 budget to be released in late Q4 2025\n \n\n\n\n East Asset Divestiture\n \n\n Tamarack is selling its two remaining non-core producing assets in\n \n Eastern Alberta\n \n for cash consideration of\n \n $112.0 million\n \n before closing adjustments, and the assumption of undiscounted asset retirement obligations of\n \n $63 million\n \n (~50% inactive). The transaction is expected to close in\n \n October 2025\n \n , subject to customary closing considerations.\n \n\n The East Assets currentl...