Lynden Energy reports its third quarter 2014 results. Highlights for the nine months ended March 31, 2014, compared to the nine months ended March 31, 2013, include: Total production increased 143% to 404,889 boe (1,478 boe/d) Gross revenues, net of royalties, increased 159% to $21,692,901 Sale of 12 gross (4.7 net) Wolfberry wells, to BreitBurn [...]
Lynden Energy reports that its first horizontal well, the Wolcott 253-1H, has been spud on a 1,127 acre lease in northern Martin County, West Texas. The well has a targeted lateral length of approximately 6,200 feet and will be operated by a Midland, Texas based company. The well will target the Wolfcamp "B" horizon, which has been successfully [...]
Lynden Energy reports that as a result of the expiry of a term assignment entered into in June 2011, approximately 34,000 leased acres in the Company's Mitchell Ranch Project has been returned to the Company and its working interest partner, CrownRock L.P. As a result of the returned acreage, the Company's interest in the Mitchell Ranch Project has [...]
Lynden Energy reports that it anticipates spudding its first horizontal well in May on a 1,127 acre lease in northern Martin County, West Texas. The well has a targeted lateral length of approximately 6,200 feet and will be operated by a Midland, Texas based company. The well will target the Wolfcamp "B" horizon, which has been successfully tested [...]
Lynden Energy reports that it has altered its articles to include advance notice provisions relating to the nomination of individuals for election of directors. These provisions are designed to: (i) facilitate orderly and efficient shareholder meetings at which directors are to be elected; (ii) ensure that all shareholders, including those [...]
Lynden Energy reports its second quarter 2014 results. Highlights for the six months ended December 31, 2013, compared to the six months ended December 31, 2012, include: Total production increased 157% to 294,365 boe Gross revenues, net of royalties, increased 173% to $16,016,198 Sale of 12 gross Wolfberry Project wells, to BreitBurn Energy [...]
Lynden Energy reports that the Company's wholly owned subsidiary, Lynden USA Inc., has completed the previously reported sale of 12 gross Wolfberry Project wells and underlying leases covering approximately 1,000 gross acres for proceeds of US$19.3 million, subject to customary post-closing adjustments, to BreitBurn Energy Partners L.P. of Los [...]
Lynden Energy reports that the Company's wholly owned subsidiary, Lynden USA Inc., has entered into a definitive agreement with BreitBurn Energy Partners L.P. of Los Angeles, California, for the sale of the subsidiary's interest in 12 gross (4.7 net) Wolfberry Project wells and underlying leases covering approximately 1,000 gross acres (403 acres [...]
Lynden Energy reports that the Company's wholly owned subsidiary, Lynden USA Inc., has entered into a definitive agreement with BreitBurn Energy Partners L.P. of Los Angeles, California, for the sale of the subsidiary's interest in 12 gross (4.7 net) Wolfberry Project wells and underlying leases covering approximately 1,000 gross acres (403 acres [...]
Lynden Energy reports its first quarter fiscal 2014 results. Highlights for the three months ended September 30, 2013 , compared to the three months ended September 30, 2012, include:
Lynden Energy is pleased to report that Mr. Derek Michaelis of Houston, Texas, has joined the Company's Board of Directors. Mr. Michaelis brings years of experience in valuing oil and gas companies, and an in-depth knowledge of the Permian Basin. Since 2005, Mr. Michaelis has been an equity oil & gas analyst with JVL Advisors, LLC, a private energy [...]
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