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    Lone Pine Resources Reports 2012 Capital Budget

    Investing News Network
    Jan. 09, 2012 05:28PM PST
    Resource Investing News

    Lone Pine Resources Inc. (NYSE:LPR) reported its planned guidance information for 2012 and its capital budget.

    Lone Pine Resources Inc. (NYSE:LPR) reported its planned guidance information for 2012 and its capital budget.

    As quoted in the press release:

    Average daily oil & NGLs net sales volumes of 5,500 bbls/d, representing an approximate 70% increase from 2011

    Lone Pine Resources’ President & Chief Executive Officer David M. Anderson stated:

    In 2011, we made tremendous strides on our light oil transition and more than doubled our oil production weighting through the year.

    Click here to read the Lone Pine Resources Inc. (NYSE:LPR) press release.

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