Lycos Energy Reports Strong Q1 Growth

Samoth Oilfield (TSE:LCX) has released an update.

Lycos Energy Inc. has reported a significant uptick in their first-quarter performance for 2024, with petroleum and natural gas sales nearly tripling and a 98% surge in average production volumes. Despite a net loss, the company achieved a notable decrease in net operating expenses and a remarkable 266% increase in adjusted funds flow from operations over the same period last year.

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