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Long Run Maintains Viking, Montney Momentum; Tags Guidance
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Long Run Exploration Ltd. has reported an update on its recent Canadian operations.
Long Run's 2013 capital program has been successful on a number of fronts. Most notable is the combination of providing growth in daily production and reserves with a focus on light oil and the continued increases in Long Run's inventory of future drilling locations. In a program underpinned by production increases in core plays at Edmonton (Redwater Viking) and the Peace Area (Normandville and Girouxville Montney), we expect third quarter 2013 production of approximately 25,300 boe per day, weighted 53 percent to oil and NGLs. Current production rates position Long Run to achieve our annual production guidance of 25,000 boe per day, before the effect of the Acquisition and the Disposition.
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