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Long Run Explor Ltd Ord WFREF

"Long Run Exploration Ltd is engaged in the development, exploration and production of oil and natural gas in western Canada."


GREY:WFREF - Post by User

Post by Karmanowon Jun 17, 2015 12:39am
144 Views
Post# 23838355

Is our Decline Rate above average?

Is our Decline Rate above average?Maybe someone that can actually support there understanding of what is the decline rate for LRE? and compared to here Alta. peers? Someone here keeps touting that LRE decline rates are high? ... as compared to what? I have reviewed the quarterly reports and I can not identify the actual posted decline rate for LRE? I also can see how the recent two aquisitions have dramatically improved the long term reserves. And if the current decline rate is higher than normal, then we will have to compare the current decline rate to the decline rate in the 2 deep basins and where LRE plans to focus in the future? Thx in advance for the facts++
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