Tamarack Valley Energy Ltd (TSX:TVE)

C$ 3.54 0.04 (1.14%) Market Cap: 1.96 Bil Enterprise Value: 2.16 Bil PE Ratio: 32.18 PB Ratio: 0.93 GF Score: 76/100

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Q1 2024 Tamarack Valley Energy Ltd Earnings Call Transcript

May 08, 2024 / 03:30PM GMT

Release Date Price: C$3.75 (+1.08%)

Transcript

Operator

Good morning. Welcome, everyone, to Tamarack Valley Energy Limited conference call and webcast on Wednesday, May 8, 2024, discussing the recent Q1 2024 results press release. I would like to introduce today's speaker, Mr. Brian Schmidt, President and CEO; Mr. Steve Buytels, Vice President, Finance and CFO; Scott Shimek, Vice President of Production and Operations. (Operator Instructions) Thank you Mr. Schmidt, you may begin the conference.

Brian Schmidt

Tamarack Valley Energy Ltd - President, Chief Executive Officer, Director

Good morning and thank you, [Lester]. Welcome, everyone, to the call to discuss our outstanding first quarter operating financial results. I'm just going to be joined today by Steve Buytels CFO; and Scott Schmick, Vice President Operations.

The first quarter of '24 was highly successful for Tamarack. It was our first full quarter of operating with the transformed asset base with over 90% of our production coming from our core Clearwater and Charlie Lake assets. During the quarter, production averaged 62,022 BOE per day in line

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