Exploration & Production | Quarterly / Earnings Reports | First Quarter (1Q) Update
Lynden Expanding Successful Permian Exploration
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Lynden Energy Corp. has reported its third quarter 2014 results.
Highlights for the nine months ended March 31, 2014 , compared to the nine months ended March 31, 2013, include:
Total production increased 143% to 404,889 boe (1,478 boe/d) Gross revenues, net of royalties, increased 159% to $21,692,901 Sale of 12 gross (4.7 net) Wolfberry wells, to BreitBurn Energy Partners L.P. for $19.3 million, effective December 30, 2013. Mitchell Ranch Project returned to its original 104,000 acre size (50% working interest) Production for the nine months ended March 31, 2014 totaled 404,889 boe (1,478 boe/d). Production for the three months ended March 31, 2014 totaled 107,249 boe (1,192 boe/d), a decrease of 25% over production in the three months ended December 31, 2013. Production volumes in…- ✓ Full news archive — U.S., Canada & international coverage
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