BRIEF-Tamarack Valley Energy Q2 FFO per share C$0.13

Thu Aug 11, 2016 5:15am EDT
 
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Aug 11 (Reuters) - Tamarack Valley Energy Ltd

* Tamarack Valley Energy Ltd announces 2016 second quarter results

* Production in quarter averaged 9,536 boe/d (52% liquids), an increase of 36% over Q2 of 2015

* Qtrly total revenue $24.5 million versus $25.3 million

* Tamarack will maintain target payouts of 1.5 years or better on its capital projects during second half of 2016

* For H2, targeting modest production growth, while continuing to keep capital spending below projected funds from operations

* Re-affirming 2016 annual average production guidance of between 9,700-10,000 boe/d

* Q2 FFO per share C$0.13

* Relative to Q1 of 2016, Tamarack was able to successfully maintain flat production levels

* Production is expected to average 9,800 to 10,500 boe/d for second half of 2016 Source text for Eikon: Further company coverage: