July 25 (Reuters) - Tamarack Valley Energy Ltd TVE.TO
* Announces closing of strategic acquisitions, new credit facility and second quarter production
* Sees 2016 capital expenditure budget of between $45-$53 million
* Total aggregate cash consideration for Redwater acquisition was $25.8 million
* 2016 guidance confirmed
* Says co's new bank line was put into place with a total credit capacity of $120 million
* First half 2016 production of approximately 9,560 boe/d at upper end of guidance range of 9,100 to 9,600 boe/d
* Cardium oil wells are expected to positively impact production volumes in last half of 2016
* Previous borrowing base of $165 million has been reduced to $120 million
* Average daily production through Q2 2016 was approximately 9,536 boe/d
* Bank line is comprised of a revolving credit facility in amount of $110 million and a $10 million operating facility
* New bank facility lasts for a 364 day period and will be subject to its next 364 day extension by May 26, 2017 Source text for Eikon: ID:nCCN7nqRk8 Further company coverage: TVE.TO
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