Lone Pine Resources Reports 2012 Capital Budget
Investing News Network - 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. 