LYNDEN ENERGY CORP. V.LVL

Recent Transaction

[Wisee]

LVL just sold 403 net acres for $19.3M.

If we used the same metrics for their remaining land, the selling price would be >$2.00.

Based on the volume and upward price movement, the market likes the transaction.

Wisee

[sherbrooke1]

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[Barnett_Vet]

I wish they had released that information also. They will provide production data in the next quarterly release. You may be able to glean some insights from the metrics released in the related acquisition from Crownrock to Breitburn.  Crownrock sold 16.6 MMboe in proved reserves for roughly $17 per boe.  If you look at the Lynden/Breitburn transaction, Lynden received $4.1 million per

[sherbrooke1]

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