Exploration & Production | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update
Lynden's Wolfberry Project Skyrockets Production 157%
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Lynden Energy Corp. has reported its second quarter 2014 results.
Highlights for the six months ended December 31, 2013, compared to the six months ended December 31, 2012, include:
Gross revenues, net of royalties, increased 173% to $16,016,198 Sale of 12 gross (4.7 net) Wolfberry Project wells, to BreitBurn Energy Partners L.P. for $19.3 million, effective December 30, 2013 Total production increased 157% to 294,365 boe (1,598 boe/d)Production for the six months ended December 31, 2013 totaled 294,365 boe (1,598 boe/d). Production for the three months ended December 31, 2013 totaled 141,277 boe (1,536 boe/d), a decrease of 8% over production in the three months ended September 30, 2013. Production volumes in November and December 2013 were negatively impacted as a result of…
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