David Keith Christensen, a Senior Officer, acquired 200,000 Common Shares on a direct ownership basis and 180,000 Common Shares on an indirect ownership basis for registered holder Constance Jeanne Christensen at a price of $1.150 through a private transaction on December 21st, 2020. This represents a $437,000 investment into the company's shares and an account share holdings change of 88.5%.
In addition, Brian Leslie Schmidt, CEO, acquired 335,100 Common Shares on an indirect ownership basis. This represents a $385,365 investment into the company's shares and an account share holdings change of greater than 100%. Ken Cruikshank, a Senior Officer, acquired 87,000 Common Shares on a direct ownership basis and 87,000 Common Shares on an indirect ownership basis. This represents a $200,100 investment into the company's shares and an account share holdings change of 83.2%. Steven Buytels, CFO, acquired 110,257 Common Shares on a direct ownership basis and 19,550 Common Shares on an indirect ownership basis. This represents a $149,278 investment into the company's shares and an account share holdings change of 24.3%.
Six other insiders also participated in smaller amounts.
Tamarack Valley Energy is in the Oil & Gas Exploration and Production Sub Industry Group under the Energy Sector.
Tamarack Valley Energy Ltd. (Tamarack) is a Canada-based oil and natural gas company. The Company has working interests in petroleum and natural gas properties in the Alder Flats area. Tamarack has interests in over 220 sections of land in the Wilson Creek and Alder Flats area of Alberta. The Company operates a range of oil batteries, which have capacities of approximately 3,800 barrels per day (bbl/d) capacity and approximately 1,000 bbl/d; an approximately 30 million cubic feet per day (mmcf/d) gas plant, and an approximately six mmcf/d gas plant. Tamarack has interests in approximately 50 sections of land in the Pembina, Garrington and Lochend areas of Alberta. The Company has interests in approximately 60 sections of land in the Redwater and Westlock areas of Alberta. Tamarack has interests in over 30 sections of land in the Hatton area of Saskatchewan. The Company drilled over 10 horizontal Cardium oil wells in the core Wilson Creek and Alder Flats areas. Tamarack Valley Energy Ltd. (TVE) has a high amount of executive buying compared to its small-cap peers in the market over the past three months. According to regulatory filings yesterday, 10 insiders have invested a total amount of $1,536,799.
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