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Tamarack Valley Energy announces 67% increase to reserves


Published Mar 17, 2014
Tamarack Valley Energy Ltd.

Tamarack Valley Energy Ltd. announce the results of its independent reserve evaluation as of December 31, 2013, which include a 67% increase in proved plus probable reserves to 18.684 mmboe, a proved plus probable finding, development and acquisition cost of $23.94/boe and a recycle ratio of 1.65.

The Company is also pleased to announce a record quarter production average of 4,336 boe/d for the fourth quarter of 2013, which was an increase of 37% from the previous quarter.

Tags: Tamarack Valley Energy Ltd.




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