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Lone Pine Continues Growth, Liquids Transition In Third Quarter

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November 2, 2011

Lone Pine Resources Inc., Calgary, (NYSE, TSX: LPR) has reported its financial and operational results for the third quarter of 2011. 

"We are pleased to report our continued growth and liquids transition in the third quarter of 2011," says David M. Anderson, president and CEO. "Third quarter average daily net sales volumes of 98.8 MMcfe/d represented a 4% increase over the second quarter of 2011 as we continued to grow our liquids weighting, which now stands at 22% of net sales volumes. Despite a pronounced decline in North American commodity prices ...

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