Samoth Oilfield (TSE:LCX) has released an update.
Lycos Energy Inc. has reported robust preliminary production figures for Q1 2024 and projects even higher outputs in Q2, backed by successful drilling operations and promising multi-lateral/fishbone well performance. The company’s innovative ‘wine rack’ drilling technique has yielded exceptional results, surpassing expected production forecasts and positioning Lycos for a strategic multi-year growth in the energy sector.
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