Exploration & Production | Drilling / Well Results | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update
LGX IPs Wells at Alberta Bakken Project; Optimizes Manyberries Ops
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LGX Oil + Gas Inc. has reported an operational update on its Canadian activities as well as outlined year-end 2013 highlights.
Highlights: 2013 net asset value per share grew by 9 percent over 2012 to $1.27 per share 2013 total proved plus probable finding and development costs (including change in future development costs) of $25.57 per Boe Initial reserve booking of 370 MBoe proved plus probable (gross) to 14-2 Alberta Bakken well. Play was also assigned two proved undeveloped locations plus two probable locations Netbacks from the Alberta Bakken play are expected to be in excess of $50.00 per Boe based on current pricing Total proved plus probable reserves grew by 27 percent to 5.6 MMBoe (82 percent oil and NGL's) at year end 2013 from 4.4 MMBoe (72 percent oil and NGL's) at year end…- ✓ Full news archive — U.S., Canada & international coverage
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