Production was in line with our estimates, albeit on a higher liquids weighting which assisted in a moderate beat in cash flow, all executed on virtually no expenditures during the quarter as the Company continues to focus on paying down debt. Operationally, the Company’s latest Banff recompletion propped up both production and cash flow in 3Q15e; however, the well is currently shut-in due to suspected mechanical issues that will impact 4Q15e volumes. The well is expected to be brought back onli ....
27 Nov 2015
LGX Oil + Gas Inc. (OIL) Announces 3Q15 Results
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LGX Oil + Gas Inc. (OIL) Announces 3Q15 Results
Production was in line with our estimates, albeit on a higher liquids weighting which assisted in a moderate beat in cash flow, all executed on virtually no expenditures during the quarter as the Company continues to focus on paying down debt. Operationally, the Company’s latest Banff recompletion propped up both production and cash flow in 3Q15e; however, the well is currently shut-in due to suspected mechanical issues that will impact 4Q15e volumes. The well is expected to be brought back onli ....