Tamarack Valley Energy Ltd. and Wapiscanis Waseskwan Nipiy Holding Limited Partnership ("WWN") expanded the previously announced Clearwater Infrastructure Limited Partnership (the "CIP") to include Bigstone Cree Nation ("Bigstone") as the 13th member of WWN, joining 12 other First Nations and Métis settlements (collectively, the "WWN Shareholders").

In conjunction with Bigstone's entry into WWN, Tamarack transferred an additional $50.8 million of certain Clearwater midstream assets into the CIP for cash consideration of $43.2 million (before closing adjustments). Tamarack maintains a 15 percent operated working interest in the CIP.