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Post-Bankruptcy, Lonestar Lists Stock on OTCQX Exchange
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Following its successful restructuring finalized on November 30, 2020, Lonestar Resources US Inc. began trading today on OTCQX under the symbol "LONE."
Lonestar's Chief Executive Officer, Frank D. Bracken, III commented, "Lonestar is pleased to re-establish its status as a publicly-traded company. Further, Lonestar has emerged with substantially lower long-term obligations, and in 2021, we are excited to build on our 2020 well results, which were the best in the Company's history. Lonestar's capital program is designed to generate high rates of return while generating meaningful free cash flow, which will initially be directed toward further reductions in long-term debt."
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