Lynden Energy Spuds First Horizontal Well
May 01 2014 - 4:05PM
Marketwired
Lynden Energy Spuds First Horizontal Well
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 1, 2014) -
Lynden Energy Corp. (TSX-VENTURE:LVL) (the "Company") reports that
its first horizontal well, the Wolcott 253-1H, has been spud on a
1,127 acre lease in northern Martin County, West Texas. The well
has a targeted lateral length of approximately 6,200 feet and will
be operated by a Midland, Texas based company (the "Operator"). The
well will target the Wolfcamp "B" horizon, which has been
successfully tested in horizontal wells by several companies in the
Midland Basin, including the Operator.
The Company is funding 24.375% of the cost of the well in which
it has a 20% working interest.
About Lynden
Lynden Energy Corp. is in the business of acquiring, exploring
and developing petroleum and natural gas rights and properties. The
Company has various working interests in the Wolfberry Project and
Mitchell Ranch Project, located in the Permian Basin in West Texas,
USA.
FORWARD-LOOKING STATEMENTS DISCLAIMER: This news
release contains forward-looking statements. The reader is
cautioned that assumptions used in the preparation of such
statements, although considered accurate at the time of
preparation, may prove incorrect, and the actual results may vary
materially from the statements made herein. Expectations of the
lateral length of the Company's first horizontal well are subject
to the customary risks of the oil and gas industry. For a more
detailed description of these risks, and others, see
http://lyndenenergy.com/risk-factors.
ON BEHALF OF THE
BOARD OF DIRECTORS
LYNDEN ENERGY
CORP.
Colin
Watt, President and CEO
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
Lynden Energy Corp.(604) 629-2991(604)
602-9311www.lyndenenergy.com