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Lycos Energy Inc V.LCX

Alternate Symbol(s):  LCXEF

Lycos Energy Inc. is an oil-focused, exploration, development and production company based in Calgary, Alberta. The Company is engaged in the exploration for and development of petroleum and natural gas production in western Canada. The Company is engaged in operating heavy-oil, development assets in the Lloydminster, Greater Lloydminster area and Gull Lake, Saskatchewan. The Company also owns approximately 12,335 net acres of Wyatt land, including over 20 net drilling locations, which has a production of about 400 barrels of oil equivalent per day (boe/d). Its acquisition focus is primarily in the Lloydminster area. In addition, the Company retains low-decline, long-life producing assets in the Gull Lake / Swift Current area in Southwest Saskatchewan.


TSXV:LCX - Post by User

Comment by Angleson Feb 01, 2024 12:21am
468 Views
Post# 35856369

RE:RE:Wow - Fire and Explosion on Lycos property

RE:RE:Wow - Fire and Explosion on Lycos propertyI have emailed to company asking why they did not alert investors. Although, this was a oil tank fire with a propane cell explosion, I believe it has nothing to do with their unique drilling methods. However, as a major safety concern and flaw because of what happened here, regulators could shut down all their wells subject to a complete safety procedure review. Then this could end up costing millions and making them miss many quota goals and targets. I am wondering the cause and if it was an actual LCX employee or a contractor. Stay tuned for more and how it will effect everything.
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