Exploration & Production | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update | Capital Markets | Capital Expenditure
Lightstream Talks 2014 Bakken, Cardium Shale Objectives
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Lightstream Resources Ltd. has provided an update on our 2013 fourth quarter and current operations, announce $112 million of asset dispositions, updated 2014 guidance as a result of the dispositions, and report our year-end 2013 reserves.
The Company's annual audit of our consolidated financial statements is not yet complete and accordingly all financial and production amounts herein are management's best estimates which are unaudited and subject to change.
Highlights2013 annual average production was 46,438 (boepd), a 9% increase from our 2012 production average of 42,784 boepd.
2013 fourth quarter average production was 45,521 boepd (80% light oil and liquids weighted), essentially unchanged from Q3 2013 and 4% below Q4 2012.
2013 capital expenditures (before acquisitions and…
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