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Share Name Share Symbol Market Type
TSXV:LVL TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
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Lynden Wolfberry Project Production Hits 1,244 Boepd

04/09/2013 9:05pm

Marketwired Canada


Lynden Energy Corp. ('Lynden' or the 'Company') (TSX VENTURE:LVL) provides an
update on its Wolfberry Project, West Texas, where the Company continues to
carry out a rapid oil and gas development program. Lynden now has 71 gross
(22.64 net) wells tied-in and producing. The Company's share of production,
after royalties, from these wells has averaged approximately 1,244 barrels of
oil equivalent over the last 14 days and 1,186 barrels of oil equivalent over
the past 30 days. Production is predominantly oil (approx. 70%).


Current production volumes have been enhanced by initial production from a new
well recently drilled in Glasscock County which has gross production averaging
495 barrels of oil per day (173 net to Lynden) and 291 mcf of gas per day (102
net to Lynden) since production began 34 days ago. The well has averaged 652
barrels of oil per day (228 net to Lynden) and 435 mcf of gas per day (152 net
to Lynden) over the last 10 days flowing without the aid of artificial lift.


The Company's Wolfberry Project consists of leases covering approximately 18,658
gross (15,630 net) acres in which Lynden has working interests generally ranging
from 30.625% to 43.75%, for a net acreage position to Lynden of approximately
6,482 acres. The Wolfberry Project leases are located in Martin, Midland,
Glasscock and Howard counties. In addition to carrying out its ongoing vertical
well program, the Company is actively monitoring the results of horizontal wells
being drilled into several benches of the Wolfcamp Formation in close proximity
to Lynden's Wolfberry Project acreage by a number of operators including Pioneer
Natural Resources, Diamondback Energy and Laredo Petroleum.


The Wolfberry play is a major low-permeability oil play in the Midland Basin,
with targets generally located between 7,000 and 11,500 feet drilling depth. The
primary objectives of the play are oil (and gas) production from the Spraberry
and Wolfcamp formations, which are Permian in age and are informally grouped to
form the 'Wolfberry' interval or zone. Over time, the play has evolved to
include additional zones below the Wolfcamp. Typical Wolfberry wells involve
completions, which can include 8 to 12 fracture stimulations, over a 2,500 to
3,000 foot gross interval. The Company has been active in its Wolfberry Project
since 2009.


About Lynden

Lynden Energy Corp. is in the business of acquiring, exploring and developing
petroleum and natural gas rights and properties. The Company has various working
interests in the Wolfberry Project and Mitchell Ranch Project, located in the
Permian Basin in West Texas, USA. The Mitchell Ranch Project is comprised of a
single lease covering approximately 102,000 gross and net acres located in Coke,
Mitchell, and Sterling counties, in which the Company has a 50% working interest
in 67,000 acres and a 1.25% overriding royalty interest in the remaining 35,000
acres.


NI 51-101 requires that we make the following disclosure: we use oil equivalents
(boe) to express quantities of natural gas and crude oil in a common unit. A
conversion ratio of 6 mcf of natural gas to 1 barrel of oil is used. Boe may be
misleading, particularly if used in isolation. The conversion ratio is based on
an energy equivalency conversion method primarily applicable at the burner tip
and does not represent a value equivalency at the wellhead.


ON BEHALF OF THE BOARD OF DIRECTORS

LYNDEN ENERGY CORP.

"Colin Watt", President and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Lynden Energy Corp.
(604) 629-2991
(604) 602-9311 (FAX)
www.lyndenenergy.com

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