Tamarack Valley Energy Ltd. (Tamarack) is a Canada-based oil and natural gas company. The Company has working interests in petroleum and natural gas properties in the Alder Flats area. Tamarack has interests in over 220 sections of land in the Wilson Creek and Alder Flats area of Alberta. The Company operates a range of oil batteries, which have capacities of approximately 3,800 barrels per day (bbl/d) capacity and approximately 1,000 bbl/d; an approximately 30 million cubic feet per day (mmcf/d) gas plant, and an approximately six mmcf/d gas plant. Tamarack has interests in approximately 50 sections of land in the Pembina, Garrington and Lochend areas of Alberta. The Company has interests in approximately 60 sections of land in the Redwater and Westlock areas of Alberta. Tamarack has interests in over 30 sections of land in the Hatton area of Saskatchewan. The Company drilled over 10 horizontal Cardium oil wells in the core Wilson Creek and Alder Flats areas. The Tamarack Valley website states they made a couple asset acquisitions worth 85 million. I thought it odd this news was posted on their website before a news release and resumption of trading. The maturity date of Twin Butte's $85 million non-revolving credit facility ends at mid-night. Not sure if this is coincidence or not, but both companies land holdings are in the same area and Twin Butte may have been called on that 85 million credit facility. I am guessing Twin Butte will issue a press release by midnight.
