Reserves | Financial Results | Forecast - Production | Capital Markets | Capital Expenditure
Lightstream Details Plans for 1H16; 2015 Reserve Report
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Lightstream Resources Ltd. reported 2015 year-end reserves and first half 2016 guidance.
First Half 2016 GuidanceIn 2015, our capital spending program for the year (before A&D) was $107 million (unaudited), which was below the mid-point of our capital guidance as we continued to curtail capital spending. Annual average production of 31,392 boepd for 2015 and production for the fourth quarter 2015 of 28,260 boepd were within our 2015 guidance.
We remain committed to preserving the long-term value of our assets through the continuing downturn of this commodity cycle. As such, we will currently not be deploying discretionary DCET capital and our first half 2016 program is approximately $16 million. This capital plan is focused on capital maintenance projects, optimization and EOR…
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