Tamarack Valley Energy : 2024 Sustainability Report

TSX: TVE

STEWARDING TOMORROW'S

ENERGY LANDSCAPE

2024

SUSTAINABILITY REPORT

TABLE OF CONTENTS

STAKEHOLDER MESSAGE

ABOUT TAMARACK

OPERATING WITH INTEGRITY

ENVIRONMENTAL STEWARDSHIP

ENGAGEMENT & SOCIAL IMPACT

CLIMATE CHANGE

RISK MANAGEMENT

COMPLETED GOALS

ASSURANCE LETTER

DATA & REFERENCES

ADVISORIES

TABLE OFCONTENTS

TABLE OF CONTENTS	2
STAKEHOLDER MESSAGE	3
ABOUT TAMARACK	4
SUSTAINABILITY PROGRAM	5
MATERIALITY ASSESSMENT	7
OPERATING WITH INTEGRITY	8
HEALTH & SAFETY	9
GOVERNANCE PRIORITIES	11
ENVIRONMENTAL STEWARDSHIP	13
EMISSIONS MANAGEMENT	14
WATER MANAGEMENT	16
WASTE MANAGEMENT	18
LAND & BIODIVERSITY	19

SUSTAINABILITY REPORT | 2

ENGAGEMENT & SOCIAL IMPACT	21
INDIGENOUS PARTNERSHIPS	22
OUR PEOPLE	24
COMMUNITY ENGAGEMENT	26
CLIMATE CHANGE RISK MANAGEMENT	28
COMPLETED GOALS	32
ASSURANCE LETTER	33
DATA & REFERENCES	35
ADVISORIES	49

This report includes reference to the Global Reporting Initiative ("GRI") Standards (GRI Consolidated Standards, 2020 and G4 Sector Disclosure - Oil & Gas, 2012) for the sustainability issues that were deemed relevant to stakeholders. This report includes standard suggested disclosures but does not include all of the requirements to be considered in full accordance with GRI Standards. For a full list of associated disclosures, please refer to the "Data & References" section of the report titled "GRI References" for more information. This report is based on an annual reporting cycle and, unless specifically noted, is as of December 31, 2023 and compared to the same period in 2022 and 2021.

TABLE OF CONTENTS

STAKEHOLDER MESSAGE

SUSTAINABILITY REPORT | 3

STAKEHOLDER MESSAGE

ABOUT TAMARACK

OPERATING WITH INTEGRITY

ENVIRONMENTAL STEWARDSHIP

ENGAGEMENT & SOCIAL IMPACT

CLIMATE CHANGE

RISK MANAGEMENT

COMPLETED GOALS

From Left: Kevin Screen - COO, Christine Ezinga- VP, BD & Sustainability, Brian Schmidt- President & CEO, Steve Buytels- CFO

Board and leadership team, and our external stakeholders across the full range of topic areas assessed. Both from the perspective of internal and external stakeholders, Health & Safety remains the top priority. A full summary of the heatmap resulting from the responses received is included with this report.

In 2023, Tamarack entered into agreements with 12 First Nation and Metis communities (the "Indigenous Communities") to create the Clearwater Infrastructure Limited Partnership (the "CIP"). As part of this transaction the Indigenous Communities acquired an 85% non-operated working interest in the CIP, to which Tamarack transferred $172MM of Clearwater midstream infrastructure assets in exchange for $146.2MM and the remaining 15% operated working interest. This transaction aligns our long-term relationships with the Indigenous Communities while also supporting our emissions reduction initiatives. The infrastructure vended into the CIP will contribute to long-term carbon abatement driving improved environmental and

Tamarack recognizes the importance of our staff and acknowledges that our ability to successfully execute our long-term plan is driven by the ongoing commitment and contributions made by every Tamarack team member. We continue to strive to be an employer of choice offering competitive total rewards, which is aligned with our stakeholders. We strive to deliver a culture that offers personal satisfaction within an environment that also provides capacity for professional growth.

We continue to be advocates for a cleaner Canadian energy industry, in support of driving positive change which starts at the field level and can affect positive outcomes globally.

We are excited about the prospects of what lies ahead for Tamarack, and most certainly what we have achieved to arrive at where we are today.

ASSURANCE LETTER

DATA & REFERENCES

ADVISORIES

The 2024 Sustainability Report, which reflects our 2023 performance, marks the fifth consecutive year Tamarack Valley Energy Ltd. ("Tamarack" or the "Company") has delivered this document to our stakeholders as a means of providing insight to both our quantitative and qualitative ESG goals and accomplishments. This represents a milestone in our commitment to a sustainable business model focused on generating long-term total returns for shareholders within the context of our commitment to responsible ESG principles and progress on key performance indicators.

Tamarack's business model has materially transformed over the past three years. The Company is now focused solely on the development of our highly economic Clearwater and Charlie Lake

inventory which is complemented by the application of EOR to certain amenable assets. The Company's asset base is highlighted by an estimated 8.7 billion barrels of original oil in place across the Clearwater and a drilling inventory in the prolific Charlie Lake play that exceeds 10 years. Establishing scale and longevity affords for improved capacity to invest in projects and technology that optimize the efficiency of our operations, enhance our resiliency and reduce the overall footprint of our business model.

Within this report we include the results from our most recent Materiality Assessment, which serves to inform the areas of focus we reference and address within this Sustainability Report. The Materiality Assessment indicated strong alignment between internal stakeholders, comprised of Tamarack's

economic performance for Tamarack, while at the same time providing long term economic benefits to all the participating Indigenous Communities.

Tamarack is proud to have amassed large contiguous positions in two of North America's most economic conventional oil plays. Based on the performance of our assets in 2023 and the successful disposition of certain non-core holdings net debt was reduced by $373MM, improving the strength of our balance sheet. On the back of our strong financial performance Tamarack achieved the first debt threshold of its return of capital framework which allowed us to accelerate enhanced returns to shareholders with share buybacks commencing in January 2024.

Brian Schmidt (Aakaikkitstaki)

President & CEO

TABLE OF CONTENTS

STAKEHOLDER MESSAGE

ABOUT TAMARACK

• SUSTAINABILITY PROGRAM
• MATERIALITY ASSESSMENT

OPERATING WITH INTEGRITY

ENVIRONMENTAL STEWARDSHIP

ENGAGEMENT & SOCIAL IMPACT

CLIMATE CHANGE

RISK MANAGEMENT

ABOUT TAMARACK

Tamarack is a Canadian oil and gas exploration and production company focused on the responsible development of its highly economic Clearwater heavy oil and Charlie Lake light oil assets. In addition to an established resource base of 8.7 billion barrels of Clearwater OOIP and a development inventory of over 10 years in the Charlie Lake, Tamarack is proactively pursuing EOR initiatives to compliment and optimize value capture across its asset base.

Our results-oriented approach to execution is coupled with Tamarack's ESG objectives to drive long-term value creation for stakeholders. Recognizing the connection between sustainability and profitability, Tamarack has executed on its strategic plan enabling it to commence enhanced returns to shareholders in accordance with the existing return of capital framework, while maintaining a strong balance sheet.

For further information, please visit the Company's website at www.tamarackvalley.ca.

TAMARACK 2023 AT-A-GLANCE

SUSTAINABILITY REPORT | 4

COMPLETED GOALS

ASSURANCE LETTER

DATA & REFERENCES

ADVISORIES

CORPORATE

67,034

boe/d (83% oil and liquids)

8.7 BILLION

Barrels of Clearwater OOIP

$84 MM + $373 MM

Dividends to Shareholders

Declared, and Debt Repaid, in 2023

ENVIRONMENT

90

Net Operated Wells Abandoned

$75 MM

Reduction in Decommissioning Obligations

$30 MM

Invested in Carbon Abatement and Gas

Conservation Initiatives

SOCIAL

10%

Indigenous Workforce Participation

90

Organizations Benefited from Tamarack's

Community Engagement Program

$146 MM

Gross Proceeds from the Clearwater Infrastructure Partnership. Ensuring Long-term Economic Benefit for Participating Indigenous Communities

GOVERNANCE

5.8

Years Average Board Tenure

88%

Board Independence

38%

Female Representation on Board

TABLE OF CONTENTS

STAKEHOLDER MESSAGE

ABOUT TAMARACK

• SUSTAINABILITY PROGRAM
• MATERIALITY ASSESSMENT

OPERATING WITH INTEGRITY

ENVIRONMENTAL STEWARDSHIP

ENGAGEMENT & SOCIAL IMPACT

CLIMATE CHANGE

RISK MANAGEMENT

COMPLETED GOALS

ASSURANCE LETTER

DATA & REFERENCES

ADVISORIES

SUSTAINABILITY REPORT | 5

SUSTAINABILITY PROGRAM

Sustainability encompasses minimizing our operational footprint, enabling long term reduction of our emissions intensity, ensuring efficiency in our development program to underpin our business resiliency, and doing so in an ethical and responsible manner. The success of Tamarack's sustainability program is premised on the continued strong performance of our operations where our ESG goals and financial results are key drivers. As part of the program diligence, Tamarack has the data relating to our ARO, emissions and Indigenous workforce representation independently assured by a third-party auditor. A copy of the signed Assurance Letter is included as part of this report.

Within this report we will reference the frameworks that Tamarack aligns with, including:

• GRI (Global Reporting Initiative)
• SASB (Sustainability Accounting Standards Board)
• TCFD (Task Force on Climate-Related Financial Disclosure)
• UN SDGs (United Nations Sustainable Development Goals)

Tamarack's sustainability program sits on the foundation of our underlying beliefs that concrete and observable actions drive measurable results. We are excited to be able to demonstrate our achievements to date and provide insights with respect to current initiatives and details outlining our future priorities.

EMISSIONS MANAGEMENT

Emissions management prioritizes Tamarack's commitment to reducing our GHG emissions intensity and enhancing our carbon abatement capabilities. Actions taken in this area also provide benefit to other areas of our ESG program serving to improve safety performance and increase overall program performance reliability. The Company's emission management program is aligned with the SASB disclosure topics of greenhouse gas emissions and air quality.

WATER MANAGEMENT

Water management includes the increased use of recycled water, reduction in freshwater usage and preservation of freshwater sources where we operate. This topic area is aligned with the SASB disclosure topic of water management.

LAND & BIODIVERSITY PRESERVATION

Land and biodiversity preservation includes the priority topic of asset retirement and land reclamation as well as the significant topics of ecosystem and biodiversity management and product leaks and spills. Success of our preservation program is inherently linked to our stakeholder engagement efforts as we seek to work hand in hand with community members, respecting Indigenous knowledge of the surrounding ecosystem. Our land and biodiversity disclosure includes information from the SASB topics of biodiversity impacts and critical incident risk management.

TABLE OF CONTENTS

STAKEHOLDER MESSAGE

ABOUT TAMARACK

• SUSTAINABILITY PROGRAM
• MATERIALITY ASSESSMENT

OPERATING WITH INTEGRITY

ENVIRONMENTAL STEWARDSHIP

ENGAGEMENT & SOCIAL IMPACT

CLIMATE CHANGE

RISK MANAGEMENT

COMPLETED GOALS

SUSTAINABILITY REPORT | 6

STAKEHOLDER ENGAGEMENT

Stakeholder engagement includes the topics of Indigenous and community engagement which have been ongoing areas of focus for Tamarack as we seek to foster strong, long-term working relationships. It aligns with the SASB disclosure topics of security, human rights and the rights of Indigenous peoples as well as community relations.

ETHICAL GOVERNANCE

Tamarack demonstrates ethical governance through our corporate values, policies, processes in place and culture of safety and community engagement to ensure we execute on our strategic business plan to the benefit of all our stakeholders. To ensure we are aligned with the SASB disclosure topics Tamarack reports on, and provides commentary as it relates to, workforce health and safety, business ethics and transparency through our reporting.

Sustainability touches every corner of our organization. The Environment, Safety, and Sustainability committee is tasked with oversight of sustainability through its mandate and reports up to the Board of Directors at least once each quarter. In addition, all committees, including the Audit Committee, Reserves Committee, Compensation and Governance Committee and the internal Joint Health and Safety Committee are engaged at some level in the oversight and integration of sustainability within our business model. This ensures the resilience of our business is built on a solid foundation of purposeful financial decisions, field operation execution, employee and contractor engagement and overall stakeholder support.

ACQUISITION & DIVESTITURE ("A&D") ACTIVITY REFLECTED IN REPORTING

Tamarack was extremely active through 2022 and 2023, executing multiple A&D transactions which resulted in the transformation to a highly focused Clearwater and Charlie Lake oil weighted asset base. As a result, historical data will reflect a different mix of assets. This is particularly notable as it relates to data associated with production and emissions. Ongoing investment and efficiency gains in the Clearwater, which remains an emerging play, are under way and expected to improve emission intensity performance going forward.

As a consolidator Tamarack has demonstrated the ability to implement emissions abatement and carbon reduction solutions that were not economically viable for the prior owners and operators of the acquired assets. This capacity, supported by the scale

of our overall asset base, is driving positive results overall for emissions intensity, most notably in the Clearwater, as we move through 2024 and into 2025.

ASSURANCE LETTER

DATA & REFERENCES

ADVISORIES

Acquisitions	Date Transaction Closed
Crestwynd Exploration Ltd.	February 15, 2022
Rolling Hills Energy Ltd.	June 10, 2022
Deltastream Energy Corporation	October 13, 2022
Divestitures

Sustainability Reporting Impact

Included from the date of the close of the transaction, not reflected in historical data for 2021

Saskatchewan / East Alberta Viking	July 21, 2022	Included in metrics up to the closing date, excluded
from the remainder of 2022 and all of 2023
West Central Cardium	November 3, 2023	Included in metrics up to the closing date, excluded
from the remainder of 2023

TABLE OF CONTENTS

SUSTAINABILITY REPORT | 7

MATERIALITY ASSESSMENT

STAKEHOLDER MESSAGE

ABOUT TAMARACK

• SUSTAINABILITY PROGRAM
• MATERIALITY ASSESSMENT

OPERATING WITH INTEGRITY

ENVIRONMENTAL STEWARDSHIP

To ensure alignment of priorities between internal and external stakeholders, Tamarack conducted a materiality assessment in the first quarter of 2024. This builds on the prior assessment which was initially included in our 2020 Sustainability Report. Materiality is a concept that defines why and how certain issues or information are deemed as high priority for a company. Tamarack utilizes the materiality assessment processes to identify alignment between internal stakeholders, being the Board of Directors and management team, and external stakeholders including, but not limited to, shareholders, employees, contractors, vendors, lenders, Indigenous community members and other community members. At its core, materiality is an accounting principle that defines which information is useful in the decision-making process.

The Materiality Assessment was conducted as part of our ongoing review of risks and opportunities. Based on key ESG factors the data is utilized to evaluate the perceived degree of importance and impact to how Tamarack conducts its business.

Guided by the GRI recommendations for materiality assessments, Tamarack solicited input from internal and external stakeholders to generate a heatmap of alignment on the key ESG factors. Tamarack also referenced the key risk areas identified by the SASB framework.

Results of the assessment survey determined seven topics of high priority and seven topics of moderate concern in addition to six topics which were categorized as topics to be monitored, which are individually illustrated in the heatmap plot on this page. The significant topics are subsequently grouped into six main areas which are addressed within this report. These primary focus areas are discussed throughout this report. The topic areas to be monitored may be discussed in conjunction with other topics and will continue to be reviewed and managed internally.

ENGAGEMENT & SOCIAL IMPACT

CLIMATE CHANGE

RISK MANAGEMENT

COMPLETED GOALS

ASSURANCE LETTER

DATA & REFERENCES

ADVISORIES

INTERNAL IMPACT

SUSTAINABILITY MATERIALITY ASSESSMENT - HEATMAP

			Emissions
			Management	Good
					Governance
			Workforce
			Development &	Water
			Wellness
				Management
	Business	Risk		Spill Prevention
	Resilience	Management		and Management
	Data Protection &		Indigenous	Anti-Corruption
	Cyber Security
		Engagement
			& Ethical Business
			Community
	Asset Retirement			Practices
		Engagement
Management of	Spending & Land
Reclamation Activity
Legal & Regulatory
Diversity, Equity,	Land Biodiversity
Environment
	Inclusion & Belonging	Preservation

Waste

Management

Community

Investment

Supply Chain

Global Climate Management

Change

EXTERNAL IMPORTANCE (STAKEHOLDERS)

Health

& Safety

Topics to be Monitored

Topics of Moderate Concern

Topics of High Priority

Environment

Social

Governance

TABLE OF CONTENTS

STAKEHOLDER MESSAGE

ABOUT TAMARACK

OPERATING WITH INTEGRITY

• HEALTH & SAFETY
• GOVERNANCE PRIORITIES

ENVIRONMENTAL STEWARDSHIP

ENGAGEMENT & SOCIAL IMPACT

CLIMATE CHANGE

RISK MANAGEMENT

COMPLETED GOALS

ASSURANCE LETTER

DATA & REFERENCES

ADVISORIES

SUSTAINABILITY REPORT | 8

OPERATING

WITH INTEGRITY

UPHOLDING A CULTURE OF SAFETY AND ETHICS

At the heart of Tamarack's corporate culture is an enduring commitment to social and ethical values toward robust health and safety practices in our business operations. These values shape the culture of our corporation and people, ensuring an honest and transparent approach to our health and safety management system.

Not only are we stewards of shareholder capital, but we also protect Canada's future through safe and ethical production of natural resources. This stewardship supports our core social value in health and safety by protecting the holistic well-being of current and future generations. As we safely produce for our investors today, we are mindful of the legacy we leave for those to come.

At Tamarack, our ethical values toward health and safety are ingrained in honesty and transparency throughout our operations. We conform to a high standard of morality and believe health and safety are built into our daily work and contribute to our success. Choosing to work safely in every aspect of our business increases productivity and operational excellence while decreasing operational upsets. We are safe by choice, not by chance.

TABLE OF CONTENTS

STAKEHOLDER MESSAGE

ABOUT TAMARACK

OPERATING WITH INTEGRITY

• HEALTH & SAFETY
• GOVERNANCE PRIORITIES

ENVIRONMENTAL STEWARDSHIP

ENGAGEMENT & SOCIAL IMPACT

HEALTH & SAFETY

Our Tamarack Team is the foundational building block upon which all health and safety principles are built. While our business's needs are dynamic, Tamarack remains rooted in a deep understanding of our personnel and the work they execute. This connection to our workforce allows us to provide distinct health and safety resources to support business needs with precision and efficiency. We, at Tamarack, believe that our people are an invaluable resource, and we, as a team, strive to ensure that each person goes home safely each day. The health and safety of our personnel are of paramount importance.

To assist in identifying areas of improvement for health and safety, including the long-term physical and mental health of individuals across the organization, Tamarack has assembled an internal Joint Health and Safety Committee empowered to make recommendations to advance these opportunities. The Company has an open-door policy and invites all directors, officers, employees and consultants to share their questions, concerns, suggestions or complaints with someone who can address them properly. In addition, for situations when individuals are not satisfied or comfortable with following the open-door policy, Tamarack has selected ConfidenceLine as an independent third party to receive complaints and concerns to guarantee the reporter confidentiality and, if requested, anonymity. ConfidenceLine Call Agents are available to receive reports 24 hours a day, seven days a week, 365 days a year.

SUSTAINABILITY REPORT | 9

2023 ACHIEVEMENTS

38 meetings (safety or onsite) attended by senior leaders to promote a safety culture

70% satisfactory inspections by third-party regulators

13 ERP (emergency response plan) simulations completed

1,353 inspections completed internally on operating and development sites

CLIMATE CHANGE RISK MANAGEMENT

COMPLETED GOALS

ASSURANCE LETTER

DATA & REFERENCES

ADVISORIES

Nothing is more important than protecting Tamarack's employees, contractors, public, and the environment from harm.  If we cannot complete the work safely - we don't do the work.

Our leadership team regularly conducts safety stand downs with our field operations to ensure safety is clearly communicated as our first and foremost priority. Conducting these in-person live exercises encourages engagement and participation from all parties on site.

COMMITMENT

Tamarack is committed to a culture that prioritizes safety, proactively rectifies risks and continuously educates team members on safety protocols.

GOALS

1. Conduct 24 ERP exercises, including two major exercises, representing all asset and functional areas of the organization (2024)
2. Respectful Workplace and Violence Prevention training to be completed by entire workforce and Board. New hires required to complete training within two months of hire (2024)
3. Conduct one joint AER facility inspection in each operating area to facilitate compliance education and training of operations personnel (2024)
4. Complete internal H&S management system audits leading to an external audit with third-party certification (2025)
5. Conduct at least eight corporate audits per year of our major contractors H&S management systems (2026)

STATUS

On Track

On Track

On Track

On Track

In Progress

TABLE OF CONTENTS

STAKEHOLDER MESSAGE

ABOUT TAMARACK

OPERATING WITH INTEGRITY

• HEALTH & SAFETY
• GOVERNANCE PRIORITIES

ENVIRONMENTAL STEWARDSHIP

ENGAGEMENT & SOCIAL IMPACT

CLIMATE CHANGE

RISK MANAGEMENT

COMPLETED GOALS

ASSURANCE LETTER

DATA & REFERENCES

ADVISORIES

SHAPING THE FUTURE OF ENERGY: QUALIFICATIONS, TRAINING AND COMPETENCE

Investing in our people is an important way Tamarack demonstrates its social value in health and safety. Building health and safety leaders today has a long-lasting impact on our business systems as the benefits compound year over year. Personal investments in our team through professional development, training, competency verification, hands-on learning, and mentorship create intrinsic value.

Tamarack's health and safety management system has a progressive training program that evaluates each business unit and its needs. The training matrix guides the analysis of each position and its respective appropriate qualifications, training, and competency requirements. Personnel undergo vigorous training and competency verification to ensure they have the knowledge, skills, and abilities to contribute to organizational excellence.

VENDOR MANAGEMENT & ENGAGEMENT

Tamarack strives to ensure safe operations both in the field and at the office by actively engaging with employees, contractors and service providers working at our sites.

We pride ourselves on aligning with vendors who share social and ethical values in health and safety. At Tamarack, vendor selection begins with documentation compliance to ensure Tamarack standards are met through a contractor management platform. Vendors are expected to have a certificate of recognition indicating their dedication and commitment to health and safety in the workplace. Additionally, Tamarack has implemented a Corporate Vendor Evaluation that takes an in-depth review of each vendor's health and safety program to ensure the most stringent and highest health and safety standards are implemented while working on Tamarack worksites. We believe that positive collaboration with our Vendors creates safe working environments.

INSPECTIONS

Inspections are essential in Tamarack's due diligence toward occupational health and safety compliance. The health and safety inspection program at Tamarack is well-balanced throughout the organization, encompassing both capital and production operations. Health and safety inspection targets are set and executed annually throughout all business areas. These proactive inspections create safer working environments and continuous improvement of our assets and our people.

HAZARD ASSESSMENT AND CONTROL

The Company encourages a proactive approach to risk management through hazard identification and recognition of potential deficiencies to enable prevention over response.

At Tamarack, proper hazard assessment and control are the key to keeping our worksites safe. Tamarack has implemented foundational hazard assessment processes that inventory hazards per occupation, providing valuable insight into risk exposure within our business operations. With risk understood, Tamarack applies hazard control measures using the hierarchy of control. Hazard assessment and control is an ongoing and daily process utilized to coach and mentor our workforce. Tamarack has an active Hazard ID reporting process, which promotes hazard reporting and corrective action. These Hazard IDs are shared throughout the business as positive leading indicators to promote awareness and incident prevention.

VIOLENCE & HARASSMENT PREVENTION

Tamarack supports a workplace free from violence and harassment. Tamarack's workforce is required to abide by our internal Respectful Workplace policy to ensure we foster a safe and inclusive workplace and treat our vendors with respect while working on our worksites. Tamarack is committed to supporting a respectful workplace and will take all reasonable actions to eliminate violence or harassment on our worksites. We provide a third-party reporting line to our workforce and vendors to ensure everyone has a confidential and anonymous point of contact they can reach out to.

WORKER'S RIGHTS AND OBLIGATIONS

Tamarack supports the occupational health and safety rights of every worker. Workers have three basic rights and obligations while working on Tamarack worksites: the right to know, the right to participate, and the right to refuse unsafe work.

Tamarack supports that workers have the right/obligation to know about the hazards presented by people, equipment, materials, the environment, and processes that they may be exposed to. Everyone has the right and obligation to participate in health and safety in the workplace. We encourage people to ask questions about hazards, report unsafe conditions, and engage in hazard assessment and control. Finally, everyone has the right and obligation to refuse unsafe work. Tamarack will investigate all work refusals and take action to ensure work is safely conducted.

SUSTAINABILITY REPORT | 10

EMERGENCY RESPONSE PLANNING

Emergency response planning at Tamarack is essential to protecting the public, our people, and our assets. Each year, Tamarack undergoes a vigorous process to examine our corporate assets and ensure emergency response resources are available in various situations. Using the hierarchical Incident Command System© ("ICS") Tamarack can quickly respond, adapt, and work with governing agencies to handle emergencies.

As part of our emergency preparedness planning, Tamarack focuses on training and drill exercises to ensure that our personnel are equipped to handle emergency situations. Personnel are trained in ICS protocols, and emergency exercises occur annually throughout each business area in both capital and production operations.

INCIDENT REPORTING

While our primary goal at Tamarack is incident prevention, we recognize the importance of proper incident reporting to prevent future recurrence. Tamarack has implemented an incident reporting system where incidents can be reported, and immediate actions can be taken to correct the situation. Additionally, incidents are trended monthly and reviewed at safety meetings to ensure that learnings are shared corporately.