Lone Pine Resources Reports 2012 Capital Budget

- January 9th, 2012

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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