Tamarack Valley Energy Announces Monthly Dividend Declaration

CALGARY, AB, March 14, 2025/ CNW/ – Tamarack Valley Energy Ltd. (“ Tamarack” or the “ Business“) TVE is happy to reveal the statement of its month-to-month dividend.

Dividend Statement

Tamarack’s Board of Directors has actually stated a month-to-month money dividend on its typical shares (“ Typical Shares“) of C$ 0.01275 per share in accordance with the Business’s dividend policy. The dividend will be payable on April 15, 2025, to investors of record at the close of service on March 31, 2025 This month-to-month money dividend is designated as an “qualified dividend” for Canadian earnings tax functions.

About Tamarack Valley Energy Ltd.

Tamarack is an oil and gas expedition and production business dedicated to producing long-lasting worth for its investors through sustainable totally free funds circulation generation, monetary stability and the return of capital. The Business has a comprehensive stock of low-risk, oil advancement drilling places focused mostly on Clearwater and Charlie Lake plays in Alberta while likewise pursuing EOR upside in these core locations. To learn more, please go to the Business’s site at www.tamarackvalley.ca.

Reader Advisories

Forward Looking Details

This news release includes specific positive details (jointly described herein as “positive declarations”) within the significance of appropriate Canadian securities laws. Positive declarations are frequently, however not constantly, recognized by the usage of words such as “assistance”, “outlook”, “expect”, “target”, “strategy”, “continue”, “mean”, “think about”, “quote”, “anticipate”, “might”, “will”, “need to”, “might” or comparable words recommending future results. More especially, this news release includes positive declarations worrying: Tamarack’s service method, goals, strength and focus; the future statement and payment of dividends and the timing and quantity thereof; possible NCIB purchases and the expected benefits to investors of the NCIB. Future dividend payments and share buybacks, if any, and the level thereof, doubt, as the Business’s return of capital structure and the funds readily available for such activities from time to time depends on, to name a few things, totally free funds circulation monetary requirements for the Business’s operations and the execution of its development method, variations in working capital and the timing and quantity of capital investment, financial obligation service requirements and other aspects beyond the Business’s control. Even more, the capability of Tamarack to pay dividends and buyback shares will undergo appropriate laws (consisting of the fulfillment of the solvency test included in appropriate business legislation) and legal constraints included in the instruments governing its insolvency, including its credit center.

The positive declarations included in this file are based upon specific crucial expectations and presumptions made by Tamarack, consisting of those connecting to: business strategy of Tamarack; the timing of and success of future drilling, advancement and conclusion activities; the geological attributes of Tamarack’s residential or commercial properties; the continued effective combination of obtained properties into Tamarack’s operations; dominating product costs, cost volatility, cost differentials and the real costs got for the Business’s items; the accessibility and efficiency of drilling rigs, centers, pipelines and other oilfield services; the timing of previous operations and activities in the prepared locations of focus; the drilling, conclusion and tie-in of wells being finished as prepared; the efficiency of brand-new and existing wells; the application of existing drilling and fracturing strategies; dominating weather condition and split conditions; royalty routines and currency exchange rate; effect of inflation on expenses; the application of regulative and licensing requirements; the ongoing accessibility of capital and knowledgeable workers; the capability to preserve or grow the banking centers; the precision of Tamarack’s geological analysis of its drilling and land chances, consisting of the capability of seismic activity to improve such analysis; and Tamarack’s capability to perform its strategies and methods.

Although management thinks about these presumptions to be sensible based upon details presently readily available, unnecessary dependence needs to not be put on the positive declarations due to the fact that Tamarack can provide no guarantees that they might show to be right. By their very nature, positive declarations go through specific threats and unpredictabilities (both basic and particular) that might trigger real occasions or results to vary materially from those expected or suggested by such positive declarations. These threats and unpredictabilities consist of, however are not restricted to: threats with regard to unexpected 3rd party pipeline blackouts and threats connecting to inclement and serious weather condition occasions and natural catastrophes, such as fire, dry spell and flooding, consisting of in regard of security, possession stability and shutting-in production; the threat that future dividend payments are decreased, suspended or cancelled or that Tamarack will not have the ability to accomplish the expected advantages of the NCIB; unexpected troubles in incorporating of just recently obtained properties into Tamarack’s operations; inaccurate evaluations of the worth of advantages to be gotten from acquisitions and expedition and advancement programs; threats related to the oil and gas market in basic (e.g. functional threats in advancement, expedition and production; and hold-ups or modifications in strategies with regard to expedition or advancement tasks or capital investment); product costs, consisting of the effect of the actions of OPEC and OPEC+ members; modifications in legislation, consisting of however not restricted to tariffs, tax laws, royalties and ecological guidelines (consisting of greenhouse gas emission decrease requirements and other decarbonization or social policies and consisting of unpredictability with regard to the analysis of omnibus Expense C-59 and the associated changes to the Competitors Act ( Canada)); the imposition or growth of tariffs enforced by domestic and foreign federal governments or the imposition of other limiting trade procedures, vindictive or countermeasures executed by such federal governments, consisting of the intro of regulative barriers to trade and the possible impact on the need and/or market value for the Business’s items and/or otherwise negatively impacts the Business; the unpredictability of quotes and forecasts connecting to production, money generation, expenses and expenditures, consisting of increased operating and capital expenses due to inflationary pressures; health, security, lawsuits and ecological threats; access to capital; and pandemics. In addition, continuous military actions in between Russia and Ukraine and the current crisis in Israel and Gaza have the possible to threaten the supply of oil and gas from those areas. The long-lasting effects of the actions in between these countries stays unpredictable. Due to the nature of the oil and gas market, drilling strategies and functional activities might be postponed or customized to react to market conditions, outcomes of previous operations, regulative approvals or accessibility of services triggering outcomes to be postponed. Please describe the Business’s yearly details kind for the year ended December 31, 2024, and management’s conversation and analysis for the duration ended December 31, 2024, for extra threat aspects connecting to Tamarack, which can be accessed either on Tamarack’s site at www.tamarackvalley.ca or under the Business’s profile on www.sedarplus.ca. The positive declarations included in this news release are made since the date hereof and the Business does not carry out any responsibility to upgrade openly or to modify any of the consisted of positive declarations, other than as needed by appropriate law. The positive declarations included herein are specifically certified by this cautionary declaration.

SOURCE Tamarack Valley Energy Ltd.

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