Tamarack Valley Energy Ltd. (TSX:TVE) announces a share repurchase program. Under the normal course issuer bid, the company will repurchase up to 27,847,033 common shares, representing 5% of the outstanding share capital. The repurchased shares will be cancelled.

The purpose of the bid is reinvestment of excess free funds flow to increase long-term total shareholder returns. The bid is valid till January 18, 2024. As of January 9, 2023, the company had 556,940,664 common shares in outstanding.