Tamarack Valley Energy Ltd.

Tamarack Valley Energy Ltd.

June 30, 2016 18:29 ET

Tamarack Valley Energy Reports Voting Results of Annual General Meeting of Shareholders

CALGARY, ALBERTA--(Marketwired - June 30, 2016) - Tamarack Valley Energy ("Tamarack" or the "Company") (TSX:TVE) announces that at its annual general meeting of the holders ("Shareholders") of common shares of Tamarack held on June 30, 2016 (the "Meeting"), the following six director nominees were elected by a show of hands as directors of Tamarack to hold office until the next annual meeting of Shareholders or until their successors are duly elected or appointed, unless such office is vacated earlier in accordance with the Company's articles or by-laws:

Votes For Votes Withheld
Nominee Number Percentage Number Percentage
Brian Schmidt 41,602,449 59.84 % 27,917,309 40.16 %
David R. MacKenzie 69,517,756 100.00 % 2,002 0.00 %
Floyd Price 69,088,175 99.38 % 431,584 0.62 %
Dean Setoguchi 69,088,050 99.38 % 431,709 0.62 %
Jeffrey Boyce 38,865,045 55.91 % 30,654,714 44.09 %
Noralee Bradley 36,470,580 52.46 % 33,049,179 47.54 %

At the Meeting, Tamarack Shareholders also approved an ordinary resolution approving the appointment of KPMG LLP, Chartered Accountants, as auditors of the Company until the close of the next annual meeting of Shareholders, at a remuneration to be fixed by the board of directors of Tamarack.

About Tamarack Valley Energy Ltd.

Tamarack is an oil and gas exploration and production company committed to long-term growth and the identification, evaluation and operation of resource plays in the Western Canadian Sedimentary Basin. Tamarack's strategic direction is focused on two key principles - targeting repeatable and relatively predictable plays that provide long-life reserves, and using a rigorous, proven modeling process to carefully manage risk and identify opportunities. The Company has an extensive inventory of low-risk, oil development drilling locations focused primarily in the Cardium and Viking fairways in Alberta that are economic at a variety of oil and natural gas prices. With this type of portfolio and an experienced and committed management team, Tamarack intends to continue delivering on its strategy to maximize shareholder return while managing its balance sheet.

Contact Information

  • Tamarack Valley Energy Ltd.
    Brian Schmidt
    President & CEO

    Tamarack Valley Energy Ltd.
    Ron Hozjan
    VP Finance & CFO