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Lonestar Ramps Up Production 54% to 5,816 BOE/d

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Lonestar Ramps Up Production 54% to 5,816 BOE/d

Lonestar Resources, Ltd. has reported an update on its financial and operational results for the three months ended December 31, 2014 (4Q14).

Fourth Quarter Highlights Setting a new Company record, Lonestar reported a 54% increase in net oil and gas production to 5,816 BOEPD in 4Q14, vs. 3,772 BOEPD in 4Q13, 87% of which was crude oil and NGL's. Lonestar's 4Q14 sales volumes also represented a 25% sequential increase over 3Q14 production levels. Net Revenues From Ordinary Activities increased 41% to US$35.5 million for 4Q14, vs. 4Q13 revenues of $25.1 million. EBITDAX increased 46% to $27.3 million for 4Q14 vs. $18.7 million for 4Q13, and rose 43% sequentially over 3Q14 levels, in spite of a 25% sequential decline in oil prices. Full year 2014 EBITDAX was $86.6 million, an increase of…
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