Profile: Long Run Exploration Ltd (LRE.TO)
LRE.TO on Toronto Stock Exchange
Price Change (% chg)
Long Run Exploration, Ltd. is an intermediate oil company focused on light-oil development and exploration in western Canada. The Company’s projects are focused on evolving plays from conceptual to testing into scale development. The Company is focused in three areas in Alberta, such as Triassic oil, Duvernay, and Carbonate oil. The Company focuses on complimentary plays, including Charlie Lake and Doig. Its operations include Kaybob, Peace River Arch and Edam/Lloydminster. The Company has a land position of 600,000 net acres in the multi-zone Peace River Arch. Peace River Arch is its highest producing approximately 10,000 barrel of oil equivalent per day containing 4,000 barrels per day oil, 200 barrels per day natural gas liquids and 35 million cubic feet per day gas. In October 2013, Long Run Exploration Ltd announced the closing of the acquisition of properties and associated infrastructure in the Company's core areas of Edmonton and Peace River.
Long Run Exploration Ltd
Livingston Place, West Tower,
Suite 400, 250 - 2 Street SW
CALGARY AB T2P 0C1