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LGX Eyes Continued Alberta Bakken Success in 2014
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LGX Oil + Gas Inc. has reported its audited financial statements and related Management's Discussion and Analysis for the year ended December 31, 2013 as well as its annual information form for the year ended December 31, 2013.
Additionally, LGX has outlined its 2014 guidance.
Accomplishments: Increased average production from 291 Boe per day in 2012 to 898 Boe per day (69 percent light oil and natural gas liquids) in 2013 (209 percent increase); increased average production from 685 Boe per day in the fourth quarter of 2012 to 965 Boe per day in the fourth quarter of 2013 (41 percent increase) Increased funds generated from operations from $0.3 million in 2012 to $4.4 million in 2013 (1,265 percent increase); increased funds generated from operations from $0.01 per share in 2012 to…- ✓ Full news archive — U.S., Canada & international coverage
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