Logan Energy Corp (TSE:LGN) has released an update.
Logan Energy Corp reported a strong first quarter in 2024, with a 74% increase in Adjusted Funds Flow and a 33% increase in production compared to the same period last year, despite a temporary setback from a pipeline failure. The company actively drilled new wells and advanced infrastructure projects, resulting in an increased forecast for liquid production and maintaining a robust capital expenditure budget. With no bank debt and a substantial cash position, Logan Energy Corp is poised for continued growth throughout 2024.
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