Last C$1.13 CAD
Change Today +0.02 / 1.80%
Volume 156.3K
LVL On Other Exchanges
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As of 3:59 PM 08/21/14 All times are local (Market data is delayed by at least 15 minutes).

lynden energy corp (LVL) Snapshot

Open
C$1.11
Previous Close
C$1.11
Day High
C$1.13
Day Low
C$1.09
52 Week High
08/11/14 - C$1.18
52 Week Low
01/27/14 - C$0.63
Market Cap
146.2M
Average Volume 10 Days
369.1K
EPS TTM
C$0.07
Shares Outstanding
129.4M
EX-Date
--
P/E TM
15.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for LYNDEN ENERGY CORP (LVL)

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lynden energy corp (LVL) Details

Lynden Energy Corp. is engaged in the acquisition, exploration, and development of petroleum and natural gas properties in the United States. It has working interests in the Wolfberry and Mitchell Ranch projects located in the Permian Basin in West Texas; and the Paradox Basin project located in Utah. The company is headquartered in Vancouver, Canada.

lynden energy corp (LVL) Top Compensated Officers

Chief Executive Officer, President, Secretary...
Total Annual Compensation: --
Chief Financial Officer
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

lynden energy corp (LVL) Key Developments

Lynden Energy Provides Operations Update in Midland Basin Wolfberry Production

Lynden Energy Corp. provided an operations update on its activities in the Permian Basin, West Texas. The company continues to carry out a rapid oil and gas vertical well development program on its Midland Basin acreage, and the company now has 91 gross Wolfberry (37.6 net) wells tied-in and producing. The company's share of production of oil and gas at the wellhead from the wells over the fourteen days ending June 30, 2014 has averaged in excess of 1,640 barrels of oil equivalent to the company (before the deduction of the company's share of royalties), or 1,250 barrels of oil equivalent net to the company (after the deduction of the company's share of royalties). The recent increase in production is primarily attributable to an increase in the number of producing wells (91 gross producing wells at June 30, 2014 as compared to 78 gross producing wells at March 31, 2014), however the company also believes that a portion of the increase is attributable to improved stimulation procedures.

Lynden Energy Corp. Reports Consolidated Production and Earnings Results for the Third Quarter and Nine Months Ended March 31, 2014; Provides Capital Expenditures Guidance for the Year Ending December 31, 2014

Lynden Energy Corp. reported consolidated production and earnings results for the third quarter and nine months ended March 31, 2014. For the quarter, production totaled 107,249 boe compared to 1,192 boe/d a year ago. Production volumes in the three months ended March 31, 2014 have decreased primarily as a result of the sale of producing wells to BreitBurn on December 30, 2013. The company reported gross P&NG revenues of $7,418,919 for the three months ended March 31, 2014 compared to $5,766,998 for the three months ended March 31, 2013. For the nine months period, production totaled 404,889 boe compared to 1,478 boe/d a year ago. For the nine months period, the company reported net earnings of $14,884,187 compared to net loss of $11,108,632 a year ago. Total comprehensive income was $14,128,040 compared to loss of $11,255,571 a year ago. Fully diluted net earnings per common share were $0.12 compared to loss per share of $0.10 a year ago. The company reported gross P&NG revenues of $28,307,375 compared to $18,010,917 a year ago. Total anticipated capital expenditures for the balance of calendar ending December 31, 2014 are anticipated to be $18.4 million to $19.4 million.

Lynden Energy Corp. Spuds First Horizontal Well

Lynden Energy Corp. reported 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. The well will target the Wolfcamp ‘B’ horizon, which has been successfully tested in horizontal wells by several companies in the Midland Basin, including the Operator. The company is funding 24.375% of the cost of the well in which it has a 20% working interest.

 

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Price/Book 1.9x
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TEV/Sales 3.9x
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