Operational Updates
Lynden Energy Touts Texas Wolfberry Operations in Q3
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Lynden Energy Corp. has reported its fourth quarter 2012 results. Highlights for the year ended June 30, 2012, compared to the year ended June 30, 2011, include:
* Total production increased 328% to 199,676 boe (546 boe/d)
* Gross revenues, net of royalties, increased 321% to $11,710,531
* Production for the Current Year totaled 199,676 boe (546 boe/d). Production for the three months ended June 30, 2012 totaled 63,283 boe (695 boe/d), an increase of 22% over production in the three months ended March 31, 2012.
* All of the production is attributable to the Wolfberry Project. The production mix, on a percent per boe basis, from the Wolfberry Project remains approximately 70% oil and 30% natural gas and associated products.
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