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An announcement from Lotus Creek Exploration, Inc. ( (TSE:LTC) ) is now available.
Lotus Creek Exploration Inc. announced its third-quarter 2025 results, highlighting significant operational achievements. The company successfully drilled and completed two high-production light oil wells in Wilson Creek, doubling its production base and reinforcing its fourth-quarter production guidance. Additionally, Lotus Creek invested $18.8 million in capital during the quarter, including the completion of a new oil battery and gathering system, ensuring profitable growth. The company also amended its credit facilities, increasing its borrowing base to $40 million, providing ample liquidity. Despite a slight decrease in adjusted funds from operations compared to the previous quarter, Lotus Creek remains well-positioned for future growth.
More about Lotus Creek Exploration, Inc.
Lotus Creek Exploration Inc. operates in the oil and gas industry, focusing on the exploration and production of light oil and natural gas. The company is primarily active in Central and Northern Alberta, with key operations in Wilson Creek and Tucker Lake.
Average Trading Volume: 58,213
Technical Sentiment Signal: Hold
Find detailed analytics on LTC stock on TipRanks’ Stock Analysis page.