Exploration & Production | Operational Updates
Permian Wolfberry Play Ups Production for Lynden in Q3
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Lynden Energy Corp. has reported its first quarter fiscal 2013 results. Highlights for the 3 months ended September 30, 2012, compared to the three months ended September 30, 2011, include:
• Total production increased 219% to 90,230 boe (980 boe/d)
• Gross revenues, net of royalties, increased 192% to $4,647,971
Production for the three months ended September 30, 2012 totaled 90,230 boe (980 boe/d), an increase of 43% over production in the three months ended June 30, 2012.
All of the production is attributable to the Wolfberry Project. The production mix, on a percent per boe basis, from the Wolfberry Project is approximately 65% oil and 35% natural gas and associated products.
Results of OperationsThe Company reported net earnings of $1,273,854 and total comprehensive income of…
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