Tamarack Valley Energy

Tamarack Valley Energy entered into three purchase and sales agreements with three unnamed operators to acquire assets in the greater Wilson Creek area of Alberta, Canada. The deals will give Tamarack 1,450 BOEPD of production and full ownership of a gas plant, an oil battery, and more than 220 km of emulsion and pipeline infrastructure. Tamarack will fund the acquisitions with USD 70 million in equity financing and USD 54 million in cash.