Lotus Creek Exploration Reports Strong Q1 2025 Results Amid Strategic Expansion

An announcement from Lotus Creek Exploration, Inc. ( (TSE:LTC) ) is now available.

Lotus Creek Exploration Inc. announced its first quarter 2025 operating results, highlighting the completion of a significant arrangement with Gear Energy Ltd. and a third party, which included the acquisition of oil and gas properties and a working capital surplus. The company invested $9.6 million in capital during the quarter, maintaining a strong balance sheet with a $12.2 million working capital surplus and access to a $35 million credit facility. Production during the quarter was 1,632 boe per day, and the company completed a 3D seismic program in Central Alberta, with plans for further drilling in the second half of 2025. Despite a decrease in commodity prices, Lotus Creek remains focused on growth and monitoring market conditions.

More about Lotus Creek Exploration, Inc.

Lotus Creek Exploration Inc. is a Canadian exploration and production company focused on oil production in Central Alberta and Southeast Saskatchewan, with exploration assets in Tucker Lake and Central Alberta. The company aims to be the fastest growing, fully funded, public junior oil and gas company in Canada, emphasizing profitable growth in cash flow, production, and producing reserves per debt-adjusted share.

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