Impact: Positive. Total proceeds of $80 mm from this transaction will provide ample funding for Leucrotta to pursue a number of its Montney development and exploration drilling initiatives throughout the balance of this year and into 2016e, all while retaining a meaningful prospective Montney land base of 172 net sections offsetting its recent light oil discovery at Mica as well as its original Lower Montney discovery well at Doe.
28 May 2015
LEUCROTTA EXPLORATION INC. (LXE) SELLS A PORTION OF ITS NE BC MONTNEY ACREAGE
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LEUCROTTA EXPLORATION INC. (LXE) SELLS A PORTION OF ITS NE BC MONTNEY ACREAGE
- Published:
28 May 2015 -
Author:
Michael Hearn -
Pages:
3
Impact: Positive. Total proceeds of $80 mm from this transaction will provide ample funding for Leucrotta to pursue a number of its Montney development and exploration drilling initiatives throughout the balance of this year and into 2016e, all while retaining a meaningful prospective Montney land base of 172 net sections offsetting its recent light oil discovery at Mica as well as its original Lower Montney discovery well at Doe.