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Lucero Energy Corp PSHIF


Primary Symbol: V.LOU

Lucero Energy Corp. is a Canada-based independent oil company. The Company is primarily focused on the acquisition, development, and production of oil-weighted assets in the Bakken and Three Forks formations in the Williston Basin area of North Dakota. Bakken is a petroleum system with source rock featuring multiple stacked zones accessible for development, which includes Middle Bakken, Three Forks Benches One, Two, Three and Four, Pronghorn/Sanish and Lodgepole. The Company has a platform of light oil assets located in the prolific North Dakota Bakken/Three Forks play.


TSXV:LOU - Post by User

Comment by Bennys65on Jul 28, 2022 7:23am
205 Views
Post# 34856162

RE:LAND available and new acquisitions

RE:LAND available and new acquisitionsGoing to their news release for the first quarter they brought on .5 wells which was drilled in 2021.Spent 11 million on cap ex for facilities and no drilling.That tells me they are keeping production flat and paying down debt.It will also help with th decline rate.Plan is to drill 6.5 wells by year end.All of this points to righting the ship and getting it ready for the next phase.By year end our debt at strip will be.2d ebt to cash flow.Lou will rock but we need patience.
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