Lonestar Announces Second Quarter 2018 Financial Results And Provides Operational Update
LONESTAR RESOURCES US (LONE)
Last lonestar resources us earnings: 11/11 04:30 pm
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US:NASDAQ Investor Relations:
lonestarresources.com/news-releases
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Source: PR Newswire
FORT WORTH, Texas, Aug. 5, 2018 PRNewswire -- Lonestar Resources US Inc. (NASDAQ: LONE) (including its subsidiaries, "Lonestar," "we," "us," "our" or the "Company") today reported financial and operating results for the three months ended June 30, 2018.HIGHLIGHTSLonestar reported a record production result with a 98% increase in net oil and gas production to 11,140 Boe/d during the three months ended June 30, 2018 ("2Q18"), compared to 5,635 Boe/d for the three months ended June 30, 2017 ("2Q17"). Production volumes exceeded the high end of the Company's guidance of 10,000 - 10,500 Boe/d, and were 79% crude oil and NGL's on an equivalent basis. The increase in production was attributable to continued excellence in our drilling and completion program that has seen greater-than-expected well productivity at our Hawkeye, Horned Frog and Karnes properties in the Eagle Ford Shale. Benefitting from continued outperformance in production results and good visibility on new well startups, Lone
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