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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

Post by Bennys65on Aug 18, 2024 1:13pm
160 Views
Post# 36184975

Two years out

Two years outDave burton has said that production will double organicaly in two years At that point we may be a takeout by someone else or lcx will start returning capital to its shareholders .In the meantime hwx with all its connections with lcx has been building a maneville land postion at handel and now clay.DJ in a write up said they may spin off a highgrowth part of hwx which could be the manville properties The Handel property is large and next to scr druid field which produces 3200 bpd and they have now licsensed their first multilateral Hwx is doing 3d and setting up for a drilling program early 2025 Maybe hwx does a spinco raises a bunch of money and takes out lcx Looking forward to the second quarter numbers'
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