Tamarack Valley Energy Ltd. (TNEYF) Q3 2024 Earnings Call Transcript

Tamarack Valley Power Ltd. (OTCPK:TNEYF) Q3 2024 Outcomes Convention Name October 31, 2024 11:30 AM ET

Firm Contributors

Brian Schmidt – President and Chief Government Officer
Steve Buytels – Chief Monetary Officer

Convention Name Contributors

Jeremy McCrea – BMO Capital Markets

Operator

Good morning, everybody. Welcome to the Tamarack Valley Power Restricted Convention Name and Webcast on Thursday, October 31, 2024, discussing the latest Q3, 2024 outcomes press launch. I wish to introduce immediately’s audio system. Mr. Brian Schmidt, President and CEO; and Mr. Steve Buytels, Chief Monetary Officer. [Operator Instructions]

Thanks. Mr. Schmidt, you might start your convention.

Brian Schmidt

Good morning, and thanks, Nina. Welcome to everybody to the decision to debate our third quarter working and monetary outcomes. My identify is Brian Schmidt, President and CEO, and I am joined right here immediately by Steve Buytels, our CFO.

The main target of the corporate on this section of our strategic transition is to ship constant, dependable, and enhancing outcomes. This quarter backstops that goal with third quarter delivering yet one more excellent quarter for Tamarack and highlighted by the outperformance on our manufacturing volumes that averaged 65,024 boe per day, pushed by distinctive Clearwater and Charlie Lake drilling packages, and our ongoing waterflood initiatives.

Beginning with our Clearwater portfolio. Q3 ’24 Clearwater manufacturing elevated to 43,300 boe per day, reflecting a 15% or 19% per share enhance year-on-year as Tamarack continues to broaden its heavy oil operations.

At West Marten, the corporate continues to see optimistic outcomes from the stacked C sand delineation program with an IP30 fee of 200 barrels a day noticed on the 2-13 nicely. Stacked sand improvement continues within the space the place the corporate rig launched 6 B sand and a couple of C sand wells in Q3 ’24 from its Part 14 pad.

Given the energy