Operator · Cardium Shale, Duvernay Shale & Montney Shale
Lightstream Resources Ltd.
28 articles mentioning Lightstream Resources Ltd. · Page 1 of 2
Lightstream Resources Suspends Drilling & Completion Activity
As a result of the Company's failure to make the June 15 semi-annual interest payment on our Secured Notes by July 15, 2016, the Company triggered defaults under the Credit Facility.
Cash-Strapped Lightstream Proposes Debt-for-Equity Swap
Canadian E&P Lightstream Resources is desperately trying to pay down their debt after they have missed a series of interest payments on outstanding loans.
Lightstream Restricts 1Q Drilling as it Looks to Improve Balance Sheet
Borrowing base was reduced from $550 million to $250 million in April - Currently the Company has $371 million outstanding under the credit facility.
Cardium/Bakken E&P Borrowing Base Sliced 50%; Issues Warning
Lightstream Resources Ltd. has announced that the semi-annual borrowing base re-determination under our syndicated secured termed credit facility has been completed and the borrowing base has been reduced from $550 million to $250 million. The borrowing...
Lightstream's Production Dips 22% in 2015
Annual average production was 31,392 boepd (72% light oil and liquids weighted), a decrease of 22% from our average 2014 production level of 40,420 boepd (78% light oil and liquids weighted).
Lightstream Details Plans for 1H16; 2015 Reserve Report
This capital plan is focused on capital maintenance projects, optimization and EOR initiatives to moderate our declines.
Lightstream Resources Reports Director Resignation
Craig Lothian has resigned from the Company's Board of Directors, effective December 21, 2015.
Lightstream Resources' Fahler Well IPs at 12 MMCF/D
Completed a 100% operated high-impact Falher gas well.
Lightstream Keeping Sharp Capital Discipline
Expect to generate funds flow well above our capital spending in 2015, with all excess net cash being applied to debt.
Lighstream's Full Year Spend Gutted
Do not intend to invest in operated, new well drilling programs in H2 2015.
Lightstream Further Adjusts 2015 Capital, Drilling
H1 2015 capital spending expected to be ~$75 mm, down from previous estimate of $95 mm.
Canada's Hedging Positions - January Update
Rounding up some of the major Canadian operators that have released updated positions on hedging in 2015.
Lightstream Resources Announces 2015 Capex
Capital program spending in the first half 2015 will be approximately $95 million
E&P Company Hedging Strategies in 2015
Be better prepared for 2015 with a look at hedging strategies.
Lightstream Reins in Capex, Plans Sale of Bakken Unit
Monetize, at an appropriate valuation, all or part of our Bakken business unit in the next 24 months.
Lightstream Resources Production Down After Dispositions
The decrease in production compared to the prior years is largely due to the asset disposition activity in 2014.
Lightstream Updates Guidance, Drilling 38 Wells
Plan to drill 38 wells within the Bakken and Cardium business units, all but 7 wells to be brought on stream before end of year.
Lightstream Saskatchewan Production Dips; Cardium Sees Uptick
Due to spring break-up, 29 wells placed on production, with only 3 wells in inventory at end of the quarter.
Lighstream's Swan Hills Battery Operational
Built a 3,500 bopd battery, which has been 100% commissioned and is now commencing operations.
Lightstream Bringing 26 Wells, Swan Hill Facility Online in 2Q 2014
19 wells in Cardium, 7 wells in the Swan Hills area to come on-stream during 2Q 2014, Swan Hills facility in late May.