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Lycos Energy Inc LCXEF


Primary Symbol: V.LCX

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 TheRexmemberon Aug 31, 2024 7:25pm
287 Views
Post# 36204298

RE:Stockchase Insights

RE:Stockchase Insights

I think people are getting too used to extremely high performance here. 

per share cash flow doubled 

production up 60%

wells are paying back in 4-6 months 

One 3.5 section unit alone produces 1000 boe/d 

water flood starting shortly 

a further 20-25% growth projected by year end

costs down 7%

Tier 1 well inventory is vastly understated using their internal methodology 

Leverage is so low it will be at one quarter's cash flow by year end.

production on track to grow organically about 60% per year within cash flow. 

surprises continue on the upside 

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