Tamarack Valley (TSX: TVE) Sets Sights on 61-63k boe/d Production in FY 2024

Tue 25 Jun 24, 02:36 AM | Team Kalkine

Image source: Shutterstock

Highlights

In Q1 2024, TME's revenue decreased to CAD 272.0 million versus CAD 304.9 million in pcp

The company announced a monthly cash dividend of CAD 0.0125 per share, slated to be paid on July 15, 2024

The company aims to increase annual average production to around 61,000 - 63,000 boe/d in FY 2024

Tamarack Valley Energy Ltd. (TSX: TVE), a Canada-based oil and gas firm is presently advancing two primary projects in Northern Alberta:

Clearwater heavy oil position encompassing Nipisi, South Clearwater, and Marten Hills
Charlie Lake light oil position encompassing Wembley, Valhalla, and Pipestone.

The company has a market capitalisation of CAD 2.01 billion.

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