May 15 (Reuters) - Tamarack Valley Energy Ltd TVE.TO :
* Tamarack Valley Energy Ltd announces 2017 first quarter results
* Achieved Q1/17 average production of 17,796 boe/d, up 55% over Q4/16 and up 86% from Q1/16
* Qtrly funds from operations per share $0.15
* Has begun to adjust capital spending to bottom end of its 2017 guidance range of $165 to $175 million
* Tamarack's 2017 annual average production guidance remains unchanged at 19,000 to 20,000 boe/d
* Company expects Q2 production to average between 18,000 and 18,500 boe/d Source text for Eikon: ID:nCCN3V6pdX Further company coverage: TVE.TO