October 2014 - Cormark Securities increases LVL target price to $2.00
August 2014 - Excellent Seeking Alpha analysis of LVL released
June 2014 - Energy Report mentions Lynden Energy
March 2014 - Torrey Hills Capital issues bullish analysis
March 2014 - Keith Schaefer of Oil and Gas Investment Bulletin issues update
November 2013 - Cormark initiates coverage
October 2013 - Thom Calandra releases bullish analysis
October 2013 - Torrey Hills Capital release article
Recent Deals
9/13, FANG, Midland County, $440.0 M, 12,500 net acres, $35,200/net acre
12/13, QEP, Martin and Andrews Counties, $950.0 M, 26,500 net acres, 6,700 boe/d, $35,849/net acre, $141,791/flowing barrel
12/13, Breitburn, Martin County, $19.3 M, 403 net acres, $47,891/net
acre
1/14, ATHL, Northern Midland Basin, $85.0M, 5,645 net acres, 750 boe/d,
$15,058/net acre, $113,333/flowing barrel
2/14, FANG, Martin County, $174.0 M, 2,825 net acres, 1,600 boe/d, $61,593/net
acre, $108,750/flowing barrel
4/14, Crude Energy, Sterling County, 1,840 net acres
4/14, ATHL, Martin, Upton, Andrews and Glasscock Counties, $873.0 M, 23,500
net acres, 4,800 boe/d, $37,149/net acre, $181,875/flowing barrel
7/14, FANG, Midland and Glasscock Counties, $538.0 M, 13,136 net acres,
2,173 boe/d, $40,956/net acre, $247,584/flowing barrel
7/14, RSPP, Glasscock County, $259.0 M, 6,652 net acres, 1,106 boe/d, $38,936/net
acre, $234,177/boe/d
8/14, ATHL, Martin, Midland and Glasscock Counties, $382.0 M, 6,450 net
acres, 3,000 boe/d, $59,225/net acre, $127,333/flowing barrel
8/14, PE, Reagan County, $252.0 M, 5,472 net acres, 1,800 boe/d, $46,053/net
acre, $140,000/flowing barrel
9/14, CPE, Midland, Andrews, Martin and Ector Counties, $205.0 M, 3,862
net acres, 1,465 boe/d, $53,081/net acre, $139,932/flowing barrel
9/14, ECA, Martin, Howard, Midland and Glasscock Counties, $7,100.0 M, 140,000
net acres, 30,000 boe/d, $50,714/net acre, $236,667/flowing barrel
10/14, KKR, Midland and Ector Counties, $350.0 M, 7,200 net acres, $48,611/net
acre
Averages, $43,870/net acre and $167,144/flowing barrel.
LVL has 5,883 net acres in Glasscock, Howard, Martin and Midland Counties.
5,883 net acres at $43,870/acre = $258 million (US$)
143.4 million shares fully diluted = $1.80/share (US$)
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