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Last C$0.57 CAD
Change Today -0.04 / -6.56%
Volume 605.0K
LRE On Other Exchanges
Symbol
Exchange
Toronto
OTC US
Frankfurt
As of 11:00 AM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

long run exploration ltd (LRE) Snapshot

Open
C$0.55
Previous Close
C$0.61
Day High
C$0.59
Day Low
C$0.53
52 Week High
07/30/14 - C$5.64
52 Week Low
07/30/15 - C$0.53
Market Cap
110.3M
Average Volume 10 Days
1.3M
EPS TTM
C$-0.45
Shares Outstanding
193.5M
EX-Date
02/25/15
P/E TM
--
Dividend
--
Dividend Yield
46.05%
Current Stock Chart for LONG RUN EXPLORATION LTD (LRE)

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long run exploration ltd (LRE) Details

Long Run Exploration Ltd., an intermediate oil and gas company, develops, explores for, and produces crude oil and natural gas in western Canadian Sedimentary Basin. It primarily focuses the Peace River Montney, the Deep Basin Cardium, the Redwater Viking, and the Boyer Bluesky areas. The company was formerly known as WestFire Energy Ltd. and changed its name to Long Run Exploration Ltd. in October 2012. Long Run Exploration Ltd. is headquartered in Calgary, Canada.

226 Employees
Last Reported Date: 03/4/15

long run exploration ltd (LRE) Top Compensated Officers

Executive Chairman and Chief Executive Office...
Total Annual Compensation: C$350.0K
President, Chief Operating Officer and Direct...
Total Annual Compensation: C$350.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: C$300.0K
Senior Vice President of Development
Total Annual Compensation: C$300.0K
Vice President of Production
Total Annual Compensation: C$280.0K
Compensation as of Fiscal Year 2014.

long run exploration ltd (LRE) Key Developments

-Long Run Exploration Ltd. Announces Amendments to Bank Credit Facilities

Long Run Exploration Ltd. announced amendments to bank credit facilities. The company has completed the semi-annual review of credit facilities with bank syndicate and maintained total credit facilities at $695 million. The credit facilities consist of a $410 million revolving syndicated facility, a $40 million operating facility and a $245 million non-revolving syndicated facility. The revolving syndicated facility and the operating facility, which comprise the company's borrowing base facilities are reviewed semi-annually and terminate on May 31, 2017. The non-revolving syndicated facility is due on May 29, 2016.

Long Run Plans Asset Disposition

Long Run Exploration Ltd. (TSX:LRE) intends to make asset disposition. The company stated: “Long Run's current asset rationalization process focuses on selective asset disposition opportunities that will improve the Company's liquidity and balance sheet strength.”

Long Run Exploration Ltd. Reports Unaudited Earnings and Production Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the First Half of 2015 and Earnings and Production Guidance for the Full Year of 2015

Long Run Exploration Ltd. reported unaudited earnings and production results for the first quarter ended March 31, 2015. For the first quarter, the company reported funds flow from operations of CAD 39,958,000 or CAD 0.21 per basic and diluted share compared to CAD 70,050,000 or CAD 0.56 per basic and diluted share for the same period a year ago. Funds flow in 2015 reflects lower revenue associated with decreased realized commodity prices, partially offset by the increase in revenue associated with higher production volumes. Net loss was CAD 6,771,000 or CAD 0.12 per basic and diluted share compared to net earnings of CAD 22,818,000 or CAD 0.05 per basic and diluted share last year. The loss resulted primarily from lower funds flow from operations and increased depletion expense associated with increased production volumes. Net debt was CAD 748,566,000 as on March 31, 2015 compared to CAD 495,748,000 a year ago. Capital expenditures were CAD 45,315,000 compared to CAD 100,848,000 last year. For the first quarter, the company reported total production of 35,602 boe/d compared to 25,613 boe/d for the same period a year ago. The company provided earnings guidance for the first half of 2015. The company continues to expect capital expenditures in the first half of 2015 to be approximately CAD 50 – CAD 55 million. The company provided earnings and production guidance for the full year of 2015. The company anticipates a CAD 100 million capital spending program for 2015. For 2015, the company expects funds flow from operations of approximately CAD 120 – CAD 135 million. The company’s 2015 production guidance of 32,000 - 33,000 Boe/d (43% oil and NGLs).

 

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