Frank Bracken III, Chief Executive Officer of Lonestar Resources (OTC: LNREF), presented today at EnerCom’s The Oil & Services Conference™ 13. Lonestar Resources, Ltd. is a leading independent oil and gas company involved in exploration, production, and acquisition of unconventional oil and gas reserves. Lonestar’s growth is focused on the crude oil window of the Eagle Ford Shale, where an anticipated 95% of its capital will be spent for the next several years on its leasehold. The company is also evaluating the resource potential of its 50,000 acre block in the Williston Basin.
During the company’s breakout session, management was asked the following questions:
- Do you see your well cost going down?
- Why do you have so many shares outstanding and would you consider a reverse split?
- Could you about your shareholder profile outside the US?
- What are your thoughts on your revolver?
- Are you going to change your approach to your hedge book?
- Have you started the discussion with the exchange on a reverse split?
- Would you consider an ADR?
- How do you feel about your coverage?
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