Northwire Canada EditionSunday, July 12, 2026
Sign inSubscribe
Northwire
⌕
GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0% GLDN 0.055 +0.0% BRON 0.040 +0.0% BTO 5.43 −0.7% ESK 0.365 −2.7% AUMN 0.275 +0.0% GGX 0.040 +0.0% S 0.155 +29.2% NNX 0.035 +0.0% ABX 51.90 −0.6% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.38 +12.4% TUNG 1.72 +1.8% LGO 1.01 −2.9% EMM 0.080 +0.0%
Other

LOGAN ENERGY CORP. ANNOUNCES A 31% INCREASE IN YEAR-END 2025 RESERVES

By The Northwire Desk — AI Analysis Feb 17, 2026 · 17:00 LGN · 0.75 Logan Energy Corp.
LGN · Price

Executive Summary

  • Logan Energy Corp. reports a 31 % increase in total proved‑plus‑probable (TPP) reserves to 139.2 MMBOE for year‑end 2025, driven by strong well performance and cost reductions.
  • Net present value of TPP reserves (NPV10) rises 30 % to $983 million despite lower commodity price assumptions; PDP NPV10 jumps 63 % to $170 million.
  • NAV per fully‑diluted share climbs to $1.37 for TPP (up 20 %) and $0.70 for TP (up 19 %).

Key Details

  • Reserve Volumes (Dec 31 2025 vs. Dec 31 2024)
  • PDP: 17.8 MMBOE ↑ 22 %
  • Total Proved (TP): 80.3 MMBOE ↑ 28 %

  • TPP: 139.2 MMBOE ↑ 31 %

  • NPV10 of Reserves (before‑tax)

  • PDP: $170 M ↑ 63 % (price deck impact –$67 M)
  • TP: $532 M ↑ 35 % (price deck impact –$142 M)

  • TPP: $983 M ↑ 30 % (price deck impact –$196 M)

  • Net Asset Value (NAV) per Share

  • TP NAV: $0.70 (↑ 19 %)

  • TPP NAV: $1.37 (↑ 20 %)

  • Drilling Inventory (net Montney locations)

  • Total net Montney locations: 701
  • Booked undeveloped locations – TP: 85.0, TPP: 123.3 net wells

  • Additional booked Duvernay/other horizons: 18.4 net wells (TPP)

  • Future Development Capital (undiscounted)

  • TP: $995 M total; annual spend 2026‑2030 = $118‑$221 M per year, plus $19 M thereafter

  • TPP: $1,459 M total; same annual pattern, $483 M thereafter

  • Production & Growth Outlook

  • McDaniel Report supports >30,000 BOE/d (39 % liquids) by 2029, excluding Flatrock contribution.
  • Production replacement ratios: PDP 166 %, TP 469 %, TPP 798 %.

  • Reserve Life Index (RLI): PDP 3.7×, TP 16.8×, TPP 29.1×.

  • 2029 Forecast Production (TPP)

  • 31,789 BOE/d = 116,298 mcf/d gas, 1,980 bbl/d NGLs, 86 bbl/d condensate, 10,340 bbl/d oil.

  • Commodity Price Assumptions (3‑consultant average)

  • WTI $68.12/bbl (5‑yr avg), Canadian Light Sweet $87.56/bbl, Henry Hub $3.86/MMBtu, AECO $3.23/GJ.

  • Share Capital & Dilution

  • Fully diluted shares outstanding: 680 M (Dec 31 2025).
  • Outstanding warrants: 64.3 M @ $0.35 expiring July 12 2028.

  • Outstanding stock options: 42.7 M @ $0.78, avg. term 3.4 yr.

  • Management Contact

  • Richard F. McHardy – CEO; Brendan Paton – President & COO.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

More from Logan Energy Corp.

May 12, 2026 · 16:30

Logan Energy delivers a steady operational beat‑and‑raise quarter, integrating its Simonette acquisition and pulling forward pad timelines, while keeping leverage in check.

Earnings Mar 18, 2026 · 16:30

LOGAN ENERGY CORP. ANNOUNCES 2025 FINANCIAL RESULTS AND PROVIDES AN OPERATIONS UPDATE

Earnings Mar 10, 2026 · 08:44

LOGAN ENERGY CORP. ANNOUNCES CLOSING OF PREVIOUSLY ANNOUNCED STRATEGIC MONTNEY ASSET ACQUISITION, EXPANDED CREDIT FACILITIES AND UPSIZED EQUITY FINANCINGS

Financings Mar 04, 2026 · 16:30

LOGAN ENERGY CORP. ANNOUNCES FILING OF SHORT FORM PROSPECTUS

Financings Feb 19, 2026 · 16:12

Logan Energy Corp. Announces Strategic Montney Asset Acquisition, $50.0 Million in Equity Offerings, Expanded Credit Facilities and Pro Forma Guidance for 2026

Financings Jan 05, 2026 · 07:30

LOGAN ENERGY CORP. ANNOUNCES 2026 BUDGET AND OPERATIONS UPDATE

Production / Operations