Lynden Energy Spuds First Horizontal Well
01 Maggio 2014 - 10:05PM
Marketwired Canada
Lynden Energy Corp. (TSX VENTURE:LVL) (the "Company") reports that its first
horizontal well, the Wolcott 253-1H, has been spud on a 1,127 acre lease in
northern Martin County, West Texas. The well has a targeted lateral length of
approximately 6,200 feet and will be operated by a Midland, Texas based company
(the "Operator"). The well will target the Wolfcamp "B" horizon, which has been
successfully tested in horizontal wells by several companies in the Midland
Basin, including the Operator.
The Company is funding 24.375% of the cost of the well in which it has a 20%
working interest.
About Lynden
Lynden Energy Corp. is in the business of acquiring, exploring and developing
petroleum and natural gas rights and properties. The Company has various working
interests in the Wolfberry Project and Mitchell Ranch Project, located in the
Permian Basin in West Texas, USA.
FORWARD-LOOKING STATEMENTS DISCLAIMER: This news release contains
forward-looking statements. The reader is cautioned that assumptions used in the
preparation of such statements, although considered accurate at the time of
preparation, may prove incorrect, and the actual results may vary materially
from the statements made herein. Expectations of the lateral length of the
Company's first horizontal well are subject to the customary risks of the oil
and gas industry. For a more detailed description of these risks, and others,
see http://lyndenenergy.com/risk-factors.
ON BEHALF OF THE BOARD OF DIRECTORS
LYNDEN ENERGY CORP.
Colin Watt, President and CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Lynden Energy Corp.
(604) 629-2991
(604) 602-9311 (FAX)
www.lyndenenergy.com
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