Lynden Energy Corp. reports that the production, net to Lynden, from its 30 (12.86 net) Wolfberry Project wells was in excess of 500 barrels of oil equivalent per day, on average, in the 10 days ending March 31, 2012. The highest daily production during the period was 595 barrels of oil equivalent. Production is predominately oil, and is primarily from the Company's West Martin Project Area (Martin County) and the Wind Farms Prospect Area (Glasscock County).

Also contributing to the production is the Tubb A #1 well (0.355 net) which has produced approximately 90 barrels of oil per day, on average, in the 3 months since the well was tied in (excluding approximately 10 days for pump repair), and has produced in excess of 100 barrels of oil per day over the past 10 days. The Tubb A #1 well is the Company's first well in the 7,341 gross (6,956 net) acre Tubb Prospect Area (Howard County). Lynden's next Tubb Prospect Area well is scheduled to be spud in late April. Based on the success of the Tubb A #1 well, plans are currently being made for the accelerated development of the Tubb Prospect Area. Lynden is funding 40.625% of the cost of wells in the Tubb Prospect Area to earn a 35.55% working interest.

Tags: Lynden Energy Corp.