Tamarack Valley Energy Ltd. has, through its wholly-owned subsidiary, successfully completed its previously announced acquisition of 100% of Suncor Energy's interests in the Wilson Creek area of Alberta (the "Acquisition") for an aggregate purchase price of $168.5 million, prior to closing adjustments.

The Acquisition is highly accretive to Tamarack and further bolsters the Company's strategic Cardium focused land position in the Wilson Creek area where the Company has achieved some of the highest production rates. As a result of the Acquisition and as previously disclosed on September 3, 2014, Tamarack has increased its 2014 estimated exit production guidance by approximately 30% to 9,500 boe/d (approximately 60% oil & NGLs) from 7,300 to 7,500 boe/d.

Tags: Tamarack Valley Energy Ltd.