Lucero Energy Corp V.LOU

Alternate Symbol(s): PSHIF

Energy Oil & Gas E&P

Lucero Energy Corp. is a Canada-based independent oil company. The Company is focused on the acquisition, development, and production of oil-weighted assets in the Bakken and Three Forks formations in the Williston Basin area of North Dakota. It provides pure-play development exposure to a portfolio of oil-in-place projects in the core and most economic part of the Bakken and Three Forks play in North Dakota. The Bakken is a complete petroleum system with source rock featuring multiple stacked zones accessible for development: Middle Bakken, Three Forks, Pronghorn/Sanish and Lodgepole.

TSXV:LOU - Post by User

Lucero Energy Corp

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Comment by Bennys65on Jul 28, 2022 7:23am

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Post# 34856162

RE:LAND available and new acquisitions

Going to their news release for the first quarter they brought on .5 wells which was drilled in 2021.Spent 11 million on cap ex for facilities and no drilling.That tells me they are keeping production flat and paying down debt.It will also help with th decline rate.Plan is to drill 6.5 wells by year end.All of this points to righting the ship and getting it ready for the next phase.By year end our debt at strip will be.2d ebt to cash flow.Lou will rock but we need patience.

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