The Deal magazine has published recent articles mentioning the Wolfberry oil play in the Permian Basin. The article, “Gettin’ oily” says “a flurry of deals have targeted the Wolfberry oil trend in the Permian Basin.” It noted the deals by Linn Energy, Berry Petroleum and Concho Resources and the high prices paid for Wolfberry acreage.
The article, “Representing a very hot sector”, says that the state of oil and gas deal making is “very hot” and there have been a tremendous number of deals already. They see M&A transactions in the oil sector to continue.
All of this attention on deal making in the Wolfberry play and Permian Basin continues to bring attention to Lynden Energy Corp. (LVL). With the success of LVL’s Wolfberry wells, we should continue to see stock price appreciation, especially if the company gets the attention of bigger players. This is an extremely tightly held stock and large gains can happen very fast.