Apr 21, 2022 / 03:00PM GMT
Operator
Good morning. Welcome, everyone, to the Tamarack Valley Energy webcast on April 21, 2022, discussing this morning's press release. I would like to introduce today's speakers, Mr. Brian Schmidt, President, CEO; and Mr. Steve Buytels, Vice President, Finance, and CFO.
If you have any questions, please type them at the Q&A field provided. Mr. Schmidt, you may begin your conference.
Brian Schmidt - Tamarack Valley Energy Ltd. - President & CEO
Good morning. I'm joined here today with Steve Buytels, VP Finance and CFO. We're pleased to announce the acquisition of Rolling Hills Energy, a privately held Clearwater oil producer, for consideration of $93 million, along with a 20% increase to our base dividend and a return of capital update.
The acquisition consists of 2,100 barrels of oil per day in the southern Clearwater fairway, and 70 or 54 net future development locations along only one-third of the land base, providing significant further exploration potential upside.
In addition to the highly economic drilling inventory, the
Tamarack Valley Energy Ltd to Acquire Rolling Hills Energy Ltd. - M&A Call Transcript
Apr 21, 2022
Already have an account? Log in
Get the full story
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent 
4.6 out of 5 
Trustpilot
Trustpilot
Survey
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
Follow Us
Disclaimers