OPERATIONS

Tamarack’s Charlie Lake light oil asset economics are driven by high productivity wells with significant adjusted funds flow potential. As one of the top three free funds flow oil plays in North America (Source: “Fall 2021 Energy Overview”, Peters &  Co. Limited (2021)), the Charlie Lake play enables positive portfolio balance with its quick payout ratios and promising profit to investment ratios. These assets contribute positively to the sustainability profile of the organization through highly efficient operations that minimize GHG emissions.

Identified as the top free funds flow oil plays in North America (Source: “Fall 2021 Energy Overview”, Peters & Co. Limited (2021)), the Clearwater assets help drive Tamarack’s free funds flow growth and contribute long-life oil assets to the portfolio through low decline rates, modest sustaining capital requirements and an efficient multileg lateral drilling profile.

Tamarack’s enhanced oil recovery (EOR) portfolio includes a diverse set of assets across Alberta representing a wide range of formations and production types. The significant strategic value of the EOR assets in Tamarack’s portfolio is driven by the low decline and high estimated ultimate reserve recoveries.