Tamarack Valley Energy Ltd. reported operating results for the fourth quarter of 2017. For the quarter, the company estimates its fourth quarter 2017 production averaged over 22,600 boe/d with an oil and liquids weighting of 62%, higher than its previously forecast exit rate of 22,000 boe/d (59% oil and liquids).

The company's 2018 guidance: annual average production between 22,500 to 23,500 boe/d (64% to 66% oil and liquids), with 2018 exit production estimated between 24,000 to 24,500 boe/d (65% to 67% oil and liquids). Capital expenditure range of $195 to $205 million, weighted approximately equally between the first and second halves. Estimated year end 2018 debt to fourth quarter annualized cash flow ratio of less than 1.0 times with an estimated $100 million of liquidity on the company's existing credit facilities.