Leucrotta’s year-end results carried few surprises, with both financial results and reserve bookings in line to slightly ahead of expectations. Reserves were down in all categories y/y reflecting the sale of a portion of the Company’s Montney land holdings in May 2015 that brought in proceeds of ~$79 mm. Recall, Leucrotta recently announced a strong test rate from its latest Montney light oil well that extends the oil window of the Company’s emerging Lower Montney Turbidite play. We have updated ....
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Reports Year-End Results
- Published:
28 Apr 2016 -
Author:
Michael Hearn -
Pages:
10
Leucrotta’s year-end results carried few surprises, with both financial results and reserve bookings in line to slightly ahead of expectations. Reserves were down in all categories y/y reflecting the sale of a portion of the Company’s Montney land holdings in May 2015 that brought in proceeds of ~$79 mm. Recall, Leucrotta recently announced a strong test rate from its latest Montney light oil well that extends the oil window of the Company’s emerging Lower Montney Turbidite play. We have updated ....