Tamarack Valley Energy, Ltd. (OTCPK:TNEYF) Q2 2025 Earnings Conference Call July 30, 2025 11:30 AM ET
Company Participants
Brian Leslie Schmidt – President, CEO & Director
Steve Buytels – Chief Financial Officer
Conference Call Participants
Jeremy McCrea – BMO Capital Markets Equity Research
Patrick Joseph O’Rourke – ATB Capital Markets Inc., Research Division
Operator
Good morning. Welcome, everyone, to the Tamarack Valley Energy Limited Conference Call and Webcast. On Thursday (sic) [Wednesday] July 31, 2025 (sic) [July 30, 2025] discussing the recent Q2 2025 results press release.
I would like to introduce today’s speakers, Mr. Brian Schmidt, Founder and CEO; and Mr. Steve Buytels, President and CFO.
[Operator Instructions] Mr. Schmidt, you may begin your conference.Brian Leslie Schmidt
Thank you, and good morning. Welcome, everyone, to our call to discuss the second quarter operating and financial results. My name is Brian Schmidt, and I’m the Founder and CEO of Tamarack Valley. And today, I’m joined by Steve Buytels, who has just been appointed President in addition to being our CFO.
This morning, Tamarack announced its Q2 results, positive updates to 2025 guidance and a strategic Clearwater tuck-in. Some key highlights of the quarter include: First, a new corporate production record. In our second quarter, we averaged 70,260 BOEs per day, surpassing all other prior quarters. Tamarack achieved its highest monthly result in April, where we averaged just over 74,300 BOE per day.
Secondly, the compounding impact of our buybacks and organic growth. This has resulted in a Q2 debt-adjusted production per share being up 24% on a year-on-year basis.
Point three, demonstrated waterflood success. We continue to see strong production response from patterns, which are well ahead of their primary baseline volumes.
Fourthly, operational and efficiency gains and cost improvements. These are driving improved outlook for 2025 as we revised our
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