Lynden Energy Corp.: Wolfberry and Mitchell Ranch Project Updates

Lynden Energy Corp. (TSXV:LVL) provided update on the Wolfberry and Mitchell Ranch projects, both in the Permian Basin, West Texas.

As quoted in the press release:

The Company continues with a rapid oil and gas development program on its Wolfberry Project where Lynden now has 19 gross (8.1 net) wells tied-in and producing. The Company’s share of production, after royalties, from these wells has averaged approximately 423 barrels of oil equivalent over the last 30 days. Production is predominantly oil (~72%).

The Mitchell Ranch Project is comprised of a single lease covering approximately 103,400 gross and net acres, located in Coke, Mitchell, and Sterling counties of West Texas. The Company has a 50% working interest in the 67,400 acres located in the northern portion of the ranch and a 1.25% overriding royalty interest in the 36,000 acres that are subject to term assignment with a large, independent exploration and production company.

Click here to read the Lynden Energy Corp. (TSXV:LVL) press release