Leucrotta Exploration Inc.

Leucrotta Exploration is pleased to announce its financial and operating results for the three months ended March 31, 2022. HIGHLIGHTS Completed gas processing and battery funding agreements with NorthRiver Midstream Inc. Increased production 63% from 2,695 boe/d in Q1 2021 to 4,384 boe/d in Q1 2022. Increased adjusted funds flow by 194% from $3.8 [...]

Leucrotta Exploration announces that the Corporation's Securityholders approved the previously announced plan of arrangement involving the Corporation, Coelacanth Energy Inc., Vermilion Energy Inc. and the Securityholders at a special meeting of the Securityholders held on Friday, May 20, 2022. The special resolution approving the Arrangement was [...]

Leucrotta Exploration is pleased to announce its financial and operating results for the three months and year ended Dec. 31, 2021. HIGHLIGHTS Achieved production of 5,000 boe/d in late Q4/21 and exited December 31, 2021 with approximately 4,500 boe/d of production. Estimated production for Q1/22 average is approximately 4,300 boe/d. Dec 31, 2021 [...]

Leucrotta Exploration Inc. is pleased to announce that it has entered into an arrangement agreement pursuant to which Vermilion Energy Inc. will acquire all of the issued and outstanding securities of Leucrotta for an aggregate consideration of approximately $500 million, excluding value assigned to the newly formed Montney company . The [...]

Leucrotta Exploration Inc. has previously announced a Plan to reach 30,000 boepd within a five-year time frame. The accomplishments outlined below will assist in accelerating the development and provide greater clarity on funding and timeline to achieve those goals: Gas processing arrangement noted below along with currently owned facilities [...]

Leucrotta Exploration Inc. is pleased to announce its 2021 year-end reserves as independently evaluated by GLJ Ltd. effective Dec 31, 2021, in accordance with National Instrument 51-101 and the Canadian Oil and Gas Evaluation Handbook. Introduction During 2021, Leucrotta made the strategic decision to sell its Doe property for gross proceeds of [...]

Leucrotta Exploration Inc. announces that its board of directors has approved the granting of incentive stock options under its stock option plan to certain of its directors and officers to acquire up to an aggregate of 2,150,000 common shares of the Corporation and the granting of Options to certain of its employees and consultants to acquire up [...]

Leucrotta Exploration Inc. is pleased to announce that its 4-well Montney Phase 1 Mica Test Pad is fully on production and has produced an average rate of approximately 1,700 barrels of light oil per day and 10 mmcf/d of liquids-rich gas per day for a total Pad production rate of 3,300 boepd over the last 10 days. Leucrotta's 2021 exit rate [...]

Leucrotta Exploration Inc. is pleased to announce its financial and operating results for the three and nine months ended Sept 30, 2021. HIGHLIGHTS Drilled 4-well pad at Mica, expected to be completed in Q4 2021. Sept 30, 2021 adjusted working capital balance of $45.5 million. Increased adjusted funds flow by 231% to $1.9 million in Q3 2021 from [...]

Leucrotta Exploration Inc. is pleased to announce its financial and operating results for the three and six months ended June 30, 2021. HIGHLIGHTS Increased adjusted funds flow by 209% to $0.9 million in Q2 2021 from negative $0.8 million in Q2 2020. Closed the sale of certain natural gas assets located in Doe, BC for gross proceeds of $30.0 [...]