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Tamarack Valley Energy Ltd. Announces Sale of Charlie Lake Assets, Transition to Pure Play Clearwater Producer and 25% Dividend Increase

Newswire.ca - Wed May 27, 8:25PM CDT

TSX: TVE

CALGARY, AB, May 27, 2026 /CNW/ - Tamarack Valley Energy Ltd. is pleased to announce it has entered into a definitive purchase and sale agreement with an arm's-length counterparty to sell its Charlie Lake assets for cash consideration of $804.0 million, before closing adjustments (the "Transaction"). Net proceeds from the divestiture will initially be directed to eliminate Tamarack's net debt(1) and will support primary and secondary development activities across Tamarack's Clearwater fairway driving accelerated production growth.

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