Lynden Energy released their financials for the nine month period ending 3/31/13 today (click here for link). No real surprises, last three months' production was 1,037 boed. Targeting 1,000 to 1,200 boed by June 30 although completed wells may not be tied in by then. Previous guidance of 1,200 boed after royalties may not be met until July or August.
Another relevant comment, "It is the Company's objective to sell portions of its proven acreage in order to manage its working capital and to redeploy funds to its unproven acreage."
Company is still progressing with their Wolfberry project. Recent nearby wells, particularly by Pioneer, are derisking LVL acreage. Acreage in the Wolfberry and Cline shale areas are still in high demand, particularly large blocks. We wouldn't be surprised to see takeover interest in this company by year end.