Long Run Explor Ltd Ord WFREF

Debt was reduced by $40 mil since Q1

[qwqw]

Q1's debt was $749 mil,Q2's is $709 mil.

[lessspike]

Net debt at end of Q4/14 was $739 million so $30million decline since then. The market should like this.   Everything is going according to plan although the market will be a lot happier when the company resolves how they are going to deal with the $145 million debt repayment that isn't coming from cash flow. The only negative is the fairly rapid decline in production from 35k boes at

[iwpete]

from site quote... Averaged 34,457 Boe/d of production, an increase of 6,855 Boe/d from 27,602 Boe/d in 2014. The production increase resulted primarily from the liquids-rich natural gas weighted Deep Basin acquisitions in 2014. Production averaged 35,026 Boe/d over the first six months of 2015

[lessspike]

iwpete, I'm not sure if you are responding to my post or not.  Anyway, averages explain revenue for the quarter but don't do much to give you an insight into the next quarter,   Quarter exit production on June 30th was 31,500 boe/d: "Long Run’s current production is approximately 31,500 Boe/d (41% oil and NGLs)." Furthermore, we can see the decline from the Q1 exit of