Samoth Oilfield (TSE:LCX) has released an update.
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Lycos Energy Inc. has reported a remarkable year in 2023 with a 267% increase in Q4 production and a 44% rise in net asset value per diluted share. The company successfully expanded its land base by 112 sections, resulting in a drilling inventory that could last over seven years. Additionally, Lycos significantly cut operating expenses and boosted its total proved plus probable reserves by 130%, underlining a year of strong operational and financial performance.
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