Thursday, February 4, 2010

Wolfberry Update from Lynden

Lynden Energy Corp. (LVL) reported that their Harrell well produced an average of 138 barrels of oil and 277 mcf per day over the first fourteen days of production. These are excellent results and the company said that they “exceed the range of expectations for a typical Wolfberry well.”

They have also completed drilling of two more wells, the Miller Trust #101 and the Mallard 23 #2. LVL has shifted their focus away from natural gas and towards oil. They appear to have made a successful transition as their new leases are located in the Wolfberry play in West Texas in what may be the hottest new oil play in the U.S.! They have also teamed up with CrownQuest Operating out of Midland who has been very successful completing Wolfberry wells in adjacent areas. CrownQuest has the experience necessary to make LVL’s Wolfberry project a success.

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