Samoth Oilfield (TSE:LCX) has released an update.
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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.
For further insights into TSE:LCX stock, check out TipRanks’ Stock Analysis page.
