Logan Energy Corp V.LGN

Alternate Symbol(s): LOECF

Energy Oil & Gas E&P

Logan Energy Corp. is a Canadian energy company. The Company is engaged in exploration, development and production of crude oil and natural gas properties, focused in the Simonette and Pouce Coupe areas of northwest Alberta and in the Flatrock area of northeastern British Columbia, and also has established a position within the greater Kaybob Duverney oil play with assets in the North Simonette, Ante Creek and Two Creeks areas. The Company's Flatrock asset is an emerging, undeveloped Montney asset for both gas condensate and oil development. Its Pouce Coupe asset is a high-quality Montney asset spanning from the gas condensate to light oil window with repeatable and highly economic inventory. The Company's Simonette asset is an opportunity-rich asset with scale and substantial infrastructure in place. The Company has 100% interest in certain Simonette gross overriding royalties (the GORRs).

TSXV:LGN - Post by User

Logan Energy Corp

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Post by Westcoastenergyon May 30, 2025 10:05am

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Post# 36591891

Big production growth coming

LOGAN ENERGY CORP. ANNOUNCES COMMISSIONING OF POUCE COUPE FACILITY AND CLOSING OF PREVIOUSLY ANNOUNCED FACILITY INTEREST SALE

Canada NewsWire

CALGARY, AB , May 30, 2025 /CNW/ - Logan Energy Corp. (TSXV: LGN ) (" Logan ") is pleased to announce completion of construction and commissioning of its 40 mmcf/d Pouce Coupe 04-19 gas plant, compressor station and oil battery (the " Pouce Coupe Facility ") as well as associated gas gathering and sales pipelines in the area. In connection with commissioning, the Company today closed the previously announced sale of a 35% non-operated working interest in the Pouce Coupe Facility to Topaz Energy Corp. for cash proceeds of $26.0 million (the " Facility Interest Sale "). Proceeds have been used to reduce bank indebtedness. For further details on the Facility Interest Sale, refer to Logan's press release dated February 3, 2025 .

Commissioning of the Pouce Coupe infrastructure is an important milestone for the Company, positioning Logan for a material step-change in growth of its Pouce Coupe property from current production of approximately 3,500 BOE/d 1 to a forecast average of over 8,000 BOE/d in the second half of 2025, with 9 (9.0 net) wells to be placed onstream this summer.

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