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Lynden Averaging 1,400 BOE/d; Adds Wolfberry Wells
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Lynden Energy Corp. reports financial and operating results, and reserves, for the year ended June 30, 2015.
HighlightsThe Company's financial and operating performance for the year ended June 30, 2015 included the following highlights:
The total number of producing Wolfberry wells increased from 91 gross (37.18 net) to 109 gross (44.69 net); Primarily as a result of a significant drop in commodity prices, petroleum and natural gas sales decreased by 25% as compared to the year ended June 30, 2014; Realized prices decreased 34% per Bbl of oil, 25% per Mcf of gas and 31% per Bbl of NGL compared to the year ended June 30, 2014; and Average daily production was 1,400 Boe/d in the year ended June 30, 2015 compared to 1,231 Boe/d in the year ended June 30, 2014, an increase of 20%. Results…- ✓ Full news archive — U.S., Canada & international coverage
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