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Samoth Oilfield ( (TSE:LCX) ) just unveiled an update.
Lycos Energy Inc., an oil-focused company, announced its 2025 budget, detailing plans for significant capital expenditures of $80 million to drill 32 multi-lateral wells. The company forecasts a 16.1% growth in production, aiming for an annual average of 5,200 boe/d, and plans to reduce net operating expenses by 17%. Lycos also expects to achieve a favorable net debt to adjusted funds flow ratio by the end of 2025. The budget strategically emphasizes new inventory creation in Q1 with a shift towards development and production growth in the latter half of the year.
More about Samoth Oilfield
YTD Price Performance: -1.85%
Average Trading Volume: 18,955
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$141.1M
Find detailed analytics on LCX stock on TipRanks’ Stock Analysis page.
