ABOUT

Responsible, value-driven energy development

Tamarack is an oil and gas exploration and production company committed to free funds flow generation and financial stability through the identification, evaluation operation of resource plays in the Western Canadian Sedimentary Basin.

OUR STRATEGY
Tamarack's strategic direction is focused on three key principles:
01.

Target repeatable and highly economic plays that provide long life production, free funds flow and reserves.

02.

Create financial stability and long-term sustainable value growth for shareholders.
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03.

Operate as a responsible corporate citzen with a focus on safety, compliance, employee engagement, and stakeholder collaboration.

Tamarack has an extensive inventory of low-risk, oil development drilling locations focused on Clearwater and Charlie Lake plays in Alberta that are economic over a range of oil prices. With this type of portfolio and an innovative and entrepreneurial management team, we intent to continute delivering on our strategy to maximize shareholder value.
Man in safety suit kneeling and smiling

Strategy in action

Woman looking at samples of clay
Leveraging our Strengths

Low-cost production due to core area strategic infrastructure ownership

Strategic hedging program protects against volatility while providing upside to strengthening commodity prices

Ability to accelerate growth by retaining capital spending flexibility, depending on commodity prices

Attractive corporate declines ensure only moderate annual sustaining capital requirements

Operator in PPE standing and smiling in a field
Continued Focus on Financial Metrics

Maintain strong balance sheet with ~1.0x Net Debt / EBITDA at US$50/bbl WTI

Continued focus on operating cost reductions and capital efficiencies with further drilling in core areas

Show per share growth in production and reserves

Oil rig in a field with trucks parked around it
Prudent Acquisition and Development Criteria

Tamarack’s proven asset acquisition criteria includes:

A payout period of less than 1.5 years

The potential to double production

A purchase price significantly less than internal NAV estimate

An accretive profile, with cash flow per share being a vital metric

Our OPERATIONS

Tamarack is engaged in the exploration, development, production and sale of oil and natural gas in the Western Canadian Sedimentary Basin, with two core projects – the Clearwater and Charlie Lake oil plays.

Operations

Our Leadership Team

The diverse and extensive experience contributed by the Tamarack team enables the Company to effectively pursue our goal of generating responsible, value-driven energy development.

Management team
Board of directors
CAREER OPPORTUNITIES

Tamarack is a Calgary based oil and gas company with a long-term strategic focus on responsible, value-driven energy development. We are regularly looking to expand our team with committed, hard-working people.

View our available positions
Operator working on machinery