LRC production to March
Posted: Friday Mar 10 10:05:02AM 2006
MARCH 10, 2006 - 12:50 ET Long View Resources Corporation Commences 2006 Drilling Program CALGARY, ALBERTA--(CCNMatthews - March 10, 2006) - Long View Resources Corporation (TSX VENTURE:LRC) ("Long View", the "Company" or the "Corporation"), is pleased to announce that drilling operations are scheduled to commence on or about March 13, 2006 on the re-entry of its 2A9-35 horizontal well at Ingoldsby, Saskatchewan. Additionally, Long View is also pleased to announce that it has licensed its 3D8-35 two-leg Frobisher-Alida horizontal well at its Ingoldsby property, and will commence drilling operations on or about March 18, 2006, pending road bans and lease conditions, and the completion of the re-entry at 2A9-35. Long View anticipates that equipping and tie-in of these two wells to the Long View Ingoldsby 9-35 central battery and disposal system will occur shortly thereafter. Long View has a 100% working interest in the Ingoldsby property. Long View also advises that it has completed acquisition, processing and interpretation of 3D seismic on its Heward property, and intends to proceed with the drilling of a vertical location after spring break-up once a drilling rig can be contracted. The first location will target two prospective zones: the Frobisher, and the Kisbey sand. Additional locations will be contingent upon results of the initial well. Long View holds a 100% working interest in its Heward property. About Long View Long View Resources Corporation is a TSX Venture Exchange-listed public energy company with producing assets in southeastern Saskatchewan. Long View trades under the symbol "LRC". The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Posted: Thursday Mar 9 7:46:58PM 2006
LRC has moved sideways for quite sometime. Has production increased beyond the 450 boepd in January. With a Market cap of $38K per boe (450 boe) this seems like it should be attractive enough to start to move upwards. Any comments?