Exploration & Production | Quarterly / Earnings Reports | Capital Markets | Private Equity Activity
Long Run Spins Bit at Canadian Targets; Talks Results
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Long Run Exploration Ltd. has reported financial and operational results for the quarter ended March 31, 2013.
This represents the first full quarter of operations as Long Run, a significant milestone in the evolution of the Corporation. Long Run aggressively drilled both the Montney and the Viking this quarter, adding more than 3,000 boe per day of production from 2012 fourth quarter exit volumes to first quarter 2013 exit volumes. The majority of production additions in the first quarter were crude oil volumes, a trend which Long Run expects to continue through 2013.
Given strong first quarter results driven by operational results which met or exceeded expectations, Long Run awaits the end of Spring break up and a return to executing the 2013 capital program.
Highlights: First quarter…- ✓ Full news archive — U.S., Canada & international coverage
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- ✓ Permits & completions data, plus 900,000+ slides & presentations
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