Leucrotta’s first quarter results came in as expected, with little to no new operational information embedded in the release. Recall, during the period the Company announced encouraging results from its 8-22 light oil well at Mica along with a successful liquids-rich delineation well at East Doe, both in the Lower Montney turbidite play. With no material changes to our forecast, we have maintained both our Outperform ranking and target price of $2.00 per share.
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Reports 1Q16 Results
- Published:
27 May 2016 -
Author:
Michael Hearn -
Pages:
6
Leucrotta’s first quarter results came in as expected, with little to no new operational information embedded in the release. Recall, during the period the Company announced encouraging results from its 8-22 light oil well at Mica along with a successful liquids-rich delineation well at East Doe, both in the Lower Montney turbidite play. With no material changes to our forecast, we have maintained both our Outperform ranking and target price of $2.00 per share.