Exploration & Production
Lynden Energy Wolfberry Project Production Exceeds 900 Boe/d
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Lynden Energy Corp. (TSXV: LVL) reports that production net to Lynden, before royalties, from its Wolfberry Project in the Permian Basin, West Texas has averaged 900 barrels of oil equivalent ('boe') over the past 10 days, including two days in excess of 1,000 boe/day.
Production net to Lynden, after royalties, averaged 700 boe/day. The production is from 37 gross (15.77 net) vertical Wolfberry wells and is approximately 65% oil and 35% gas and associated liquids.
An important contributor to this production growth is a recently drilled well in the Wind Farms Prospect Area which has performed considerably above expectations with the 30-day initial gross production averaging 176 barrels of oil and 565 mcf of gas per day, equivalent to 270 boe/day, and averaging 250 barrels of oil and 999…
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