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Lynden's Oily Wolfberry Production Tagged at 1,244 BOE/d
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Lynden Energy Corp. has reported an update on its Wolfberry Project, West Texas, where the Company continues to carry out a rapid oil and gas development program.
Lynden now has 71 gross (22.64 net) wells tied-in and producing. The Company's share of production, after royalties, from these wells has averaged approximately 1,244 barrels of oil equivalent over the last 14 days and 1,186 barrels of oil equivalent over the past 30 days. Production is predominantly oil (~70%).
Current production volumes have been enhanced by initial production from a new well recently drilled in Glasscock County which has gross production averaging 495 barrels of oil per day (173 net to Lynden) and 291 mcf of gas per day (102 net to Lynden) since production began 34 days ago. The well has averaged 652 barrels…
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