Articles From: Lundin Petroleum AB: Report for the Nine Months Ended 30 September 2014 to INVESTOR ALERT: Levi & Korsinsky, LLP Launches Investigation of the Board of Directors of Elecsys Corporation Regarding the Fairness of the Sale of the Company to Lindsay Corporation


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All amounts are in U.S. Dollars unless otherwise indicated: THIRD QUARTER HIGHLIGHTS: Revenue, net of royalties was $5.4 million for third quarter of 2014 and netbacks were $52.14 per BOE, with revenue increasing 230% compared to the third quarter of 2013 due to an increase in production Average production was 971 barrels of oil equivalent per day (BOEPD) for the third quarter, an increase of 222% due to production from the Caney wells drilled at the end of 2013 and in 2014 The Hartgraves 1-5H well, which started production in October, had a production rate for the last 10 days of 620 BOEPD and the average initial production (IP) rate for the first 26 days was 536 BOEPD Net loss was $299,000 for the third quarter of 2014 compared to a net loss of $2,445,000 in the third quarter of 2013 In July, the Company closed a $100 million credit facility with Morgan Stanley and borrowed the initial
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QR Energy, LP ( “QR Energy” or the “Partnership”) (NYSE: QRE ) announced today its operating and financial results for the third quarter of 2014 and provided an update on its pending merger with Breitburn Energy Partners LP (“Breitburn”) (Nasdaq:BBEP). Highlights for the Third Quarter 2014 Revenue was $130.2 million, Adjusted EBITDA was $71.4 million, and Distributable Cash Flow was $36.6 million for the third quarter of 2014 Average production of 20,859 Boe per day, comprised of approximately 70% crude oil and natural gas liquids, in-line with stated guidance, and up 3% from the second quarter of 2014 Distribution coverage ratio of 1.1x As previously announced on July 24, 2014, QR Energy and Breitburn signed a definitive merger agreement pursuant to which Breitburn will
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Levi & Korsinsky is investigating the Board of Directors of Elecsys Corporation (“Elecsys” or “the Company”) (NasdaqCM:ESYS) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Lindsay Corporation (NYSE: LNN). Click here to learn more about the investigation: http://zlk.9nl.com/elecsys-esys .
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Articles From: Lundin Petroleum AB: Report for the Nine Months Ended 30 September 2014 to INVESTOR ALERT: Levi & Korsinsky, LLP Launches Investigation of the Board of Directors of Elecsys Corporation Regarding the Fairness of the Sale of the Company to Lindsay Corporation
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