Logan Energy Corp V.LGN

Logan Energy Corp. Announces Duvernay Land Position

[Betteryear2]

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CALGARY, Alberta, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Logan Energy Corp. (TSXV: LGN) ("Logan" or the "Company") is pleased to announce the details of its Duvernay land position, which represents a new play type comprised of highly economic drilling inventory, and the acceleration of full field development at Pouce Coupe, including the construction of a 40 mmcf/d gas plant and associated infrastructure. In addition, the Company is pleased to announce its expanded 2024 budget and a fully funded preliminary budget for 2025, which will deliver 82% growth in Adjusted Funds Flow per share.

Logan Energy Corp. Announces Duvernay Land Position, (globenewswire.com)

[TouchDown12]

I think this accelleration is a good thing. The bought deal will put presure on s/p but it was going to be range bound anyway IMO. A llittle short term pain for mid-term gain OR maybe not based on how the bought deal is recieved. GLTA TD12

[gassygeezer]

TD12, looks like the market burp was short, i put my profits from Crew into Tou and Logan given i see torque and better strategic deployment of CAPEX/ management alignment with shareholders..Once i see numerous option sales i'll reconsider, til then long Logan