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Long Run Lowers Capex for 2015

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Long Run Lowers Capex for 2015

Long Run Exploration Ltd. is setting a 2015 capital budget that delivers on a sustainable long-term business model to shareholders.

In preparing for what is expected to be a challenging price environment in 2015, we evaluated the Company’s core values as well as our longer term strategic goals. As a result, we have reaffirmed that our priorities for 2015 will remain:

To improve our balance sheet through a focused high-grade development program and selective non-core dispositions; To execute a focused capital program that preserves our momentum going forward, both in conventional field development and enhanced oil recovery; To provide balanced yield to investors from a long-term sustainable model; and To continue to develop a balanced inventory of properties which provide flexibility in…
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