Exploration & Production | Quarterly / Earnings Reports
LGX Planning Alberta Bakken Wells; Talks Seismic Results
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LGX Oil + Gas Inc. has reported results for the three months ended June 30 , 2013.
Accomplishments: Increased average production from 485 Boe per day in the second quarter of 2012 to 866 Boe per day in the second quarter of 2013 (79 percent increase) Increased oil and NGL's weighting from 22 percent in the second quarter of 2012 to 67 percent in the second quarter of 2013 Increased funds generated from operations of negative $0.3 million (negative $0.01 per share) in the second quarter of 2012 to $1.6 million ( $0.02 per share) in the second quarter of 2013 Increased operating netbacks year over year from $8.51 per Boe in the second quarter of 2012 to $29.76 per Boe in the second quarter of 2013 (250 percent increase) Operations Overview Alberta BakkenLGX has completed surveying and…
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