09:46 AM EST - Tamarack Valley Energy Ltd. : Announced the results of its independent oil and gas reserves evaluation as of December 31, 2015. Tamarack's stringent capital allocation complemented by a constant focus on cost reductions and improving capital efficiencies has resulted in another significant year of reserve growth in 2015, despite challenges associated with lower commodity prices. During 2015, Tamarack adopted a three pronged strategy in the Wilson Creek and Alder Flats areas of Alberta: 1) re-design the drilling and completion programs to permanently reduce capital costs per well and improve capital efficiencies; 2) reduce operating expenses to improve netbacks which translates into enhanced economics on future drilling; and 3) add drilling inventory through tuck-in acquisitions to take advantage of existing infrastructure and maintain a low cost, high netback structure. Tamarack Valley Energy Ltd.
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