Tamarack Valley Energy Announces Second Quarter 2022 Financial Results, Non-core Asset Disposition, Operational Update, H2 2022 Guidance & Updated Return of Capital Framework

TSX: TVE

CALGARY, AB, July 28, 2022 /CNW/ - Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") (TSX:TVE.TO) is pleased to announce its financial and operating results for the three and six months ended June 30, 2022. Selected financial and operating information is outlined below and should be read with Tamarack's consolidated financial statements and related management's discussion and analysis (MD&A) for the three and six months ended June 30, 2022, which are available on SEDAR at www.sedar.com and on Tamarack's website at www.tamarackvalley.ca. The Company is also pleased to announce the disposition of non-core Viking assets (the "Non-Core Viking Disposition"), for total gross proceeds of $70 million⁽²⁾, along with an operational update, H2 2022 guidance and an update to the return of capital framework.