BRIEF-Lonestar Resources expects EBITDAX for 2013 to be between $53.5 mln and $55.0 mln

Fri, 17 Jan - 12:25pm

Jan 17 (Reuters) - Lonestar Resources Ltd LNR.AX :

* Net oil and gas sales (after royalties) averaged 3,762 barrels of oil

equivalent per day in Q4 which represents a 25% increase over Q3

* Expects ebitdax for 2013 to be between $53.5 million and $55.0 million

* Plans to spend $92 million to drill 16 new Eagle Ford wells at beall ranch,

asherton, gonzo and pirate

* Ebitdax guidance of $90 million to $105 million for 2014

* Source text for Eikon News Search ID:nASX2Tlyg3

* ((For more news, please click here LNR.AX ))

((Bangalore Newsroom; +91 80 6749 1130))

URN: 
urn:newsml:reuters.com:20140117:nWNBS00A7G:6
Topics: 
OILG RES AU CMPNY ENR ASIA BLR LEN RTRS BACT RESF ENER EXPL

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