Tamarack Valley Energy Ltd. (TVE) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. Welcome everyone to the Tamarack Valley Energy LTD conference call and webcast on Wednesday, October 29, 2025, discussing the recent third quarter 2025 results press release. I would like to introduce today's speakers, Mr. Steve Baitels, President and Chief Financial Officer, Mr. Kevin Johnston, VP Finance, and Mr. Ben Stoodley, VP Engineering. If you would like to ask a question, please press star, then the number one on your telephone keypad to join the queue. If you would like to withdraw your question, please press star, then the number two. Thank you, Mr. Baitels. You may begin your conference. Good morning and thank you. Welcome everyone to the call to discuss our third quarter operating and financial results. My name is Steve Baitels, president of Tamarack Valley. And today, I'm joined by Kevin Johnson, VP Finance, and Ben Studley, VP Engineering. This morning, Tamarack announced its Q3 results, another positive update to our 2025 guidance, and a dividend increase. Highlights of the quarter. Corporate production averaged 66,126 BOE a day, reflecting the previously announced 2,000 BOE a day impact of planned service interruptions at a third-party gas processing facility in the Charlie Lake. and maintenance turnarounds in the Clearwater. Our production guidance of 67,000 to 69,000 BOE per day remains on track for the full year. In terms of portfolio optimization, we continued with that strategy during the quarter. As we previously announced, Tamarack completed a $51.5 million synergistic tuck in acquisition of a private company in the Clearwater, adding approximately 1,100 barrels a day of production and over 114 net staff sections of clear water land, primarily in the West Nipissi area. We see significant operating infrastructure and water flood s...