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Lynden Energy Testing HZ Development of Wolfcamp B Acreage
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Lynden Energy Corp. has reported its results for the fiscal year ended June 30, 2014.
Highlights: Total production increased 150% to 569,892 boe (1,561 boe/d) Gross revenues, net of royalties, increased 155% to $29,114,075 Sale of 12 gross (4.7 net) Wolfberry Project wells, to BreitBurn Energy Partners L.P. for $19.3 million, effective December 30, 2013. Net earnings of $0.10 per common share (Prior Year - $0.10) Production for the Current Year totaled 569,982 boe (1,561 boe/d). Production for the three months ended June 30, 2014 totaled 168,280 boe (1,849 boe/d). Operations Highlights Midland Basin, West TexasThe Company continues to carry out a rapid oil and gas vertical well development program on its Midland Basin acreage, and the Company now has 97 gross Wolfberry (39.71 net)…
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