Brief: Leucrotta announces a significant increase in production

Latin Explore

04/04/2017 21:35

April 4 (Reuters) - Leucrotta Exploration Inc  LXE.V :  
    * Leucrotta announces a significant increase in production 
and a material extension to the boundaries of company's lower 
montney turbidite light oil resource play 
    * Leucrotta Exploration Inc - as a result of tie-in of four 
wells, Leucrotta has increased production to over 3,000 boepd 
(25pct oil and ngls) 
    * Leucrotta Exploration Inc - estimates it will exit 2017 
with annualized cash flow of approximately $25 million and net 
debt of approximately $5 million 
 
Source text for Eikon:  ID:nCCN373lg9  
Further company coverage:  LXE.V  
 
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