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11 Month Payout on Leucrotta's Turbidite Montney Well
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Leucrotta Exploration Inc has announced its financial and operating results for the three and six months ended June 30, 2015. All dollar figures are Canadian dollars unless otherwise noted.
Highlights Increased cash and working capital to $83.5 million by sale of assets for $79.3 million Increased Montney land position in the Greater Dawson area to 172 net sectionsSubsequent to quarter-end: Reduced pipeline commitments, pending formal assignment, to increase financial and capital flexibility Approved a capital budget of $20 million for the remainder of 2015 and Q1 2016 Completed the Stoddart facilities allowing the previously drilled and tested Baldonnel light oil well to commence production
In Q2 2015, Leucrotta sold one of its producing properties for a net $79.3 million in cash while…
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