Operational Updates
Lynden Energy Provides Wolfberry Operational Update
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Lynden Energy Corp. reports its fourth quarter 2012 results. Highlights for the year ended June 30, 2012 (the “Current Year”), compared to the year ended June 30, 2011 (the “Prior Year”), include:
Operations HighlightsThe Wolfberry Project The Company is currently carrying out a rapid oil and gas development program on its Wolfberry Project, where the Company now has 47 gross (19.82 net) wells tied-in and producing. During the three months ended June 30, 2012, a total of 4 gross (1.54 net) new wells were tied into production. At June 30, 2012, the Company had 6 gross (2.54 net) wells spud or drilled awaiting completion and/or tie-in.
The Company’s current plans call for 46 gross (19.11 net) Wolfberry Project wells to spud from July 1, 2012 to June 30, 2013 (fiscal 2013) at an estimated…
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