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Samoth Oilfield ( (TSE:LCX) ) has issued an announcement.
Lycos Energy Inc. has announced the resumption of its drilling operations, starting with a well in the West Lindbergh area, followed by two wells in the Moose Lake area. The company plans to invest approximately $10 million in its exploration and development program for the second half of 2025, with a focus on disciplined growth and strategic development to maximize shareholder value. Additionally, Lycos will participate in the Peters & Co. Limited 29th Annual Energy Conference in Toronto, reflecting its commitment to industry engagement and stakeholder communication.
The most recent analyst rating on (TSE:LCX) stock is a Buy with a C$2.50 price target. To see the full list of analyst forecasts on Samoth Oilfield stock, see the TSE:LCX Stock Forecast page.
More about Samoth Oilfield
Lycos Energy Inc. is an oil-focused exploration, development, and production company based in Calgary, Alberta. It operates high-quality, heavy-oil development assets in the Lloydminster and Greater Lloydminster area.
Average Trading Volume: 38,663
Technical Sentiment Signal: Sell
Current Market Cap: C$65.48M
See more data about LCX stock on TipRanks’ Stock Analysis page.