Following its successful restructuring and emergence from Chapter 11 bankruptcy, Lonestar Resources US Inc. begins trading today on OTCQX under the symbol "LONE." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.
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Lonestar's Chief Executive Officer, Frank D. Bracken, III commented, "Lonestar is pleased to re-establish its status as a publicly-traded company. Further, Lonestar has emerged with substantially lower long-term obligations, and in 2021, we are excited to build on our 2020 well results, which were the best in the Company's history. Lonestar's capital program is designed to generate high rates of return while generating meaningful free cash flow, which will initially be directed toward further reductions in long-term debt."
Northland Securities, Inc. acted as the company's OTCQX sponsor.
About Lonestar Resources US Inc. Lonestar Resources, Inc. is an oil and gas company based in Fort Worth, Texas. Our focus is the acquisition, development and production of unconventional resources in the United Resources. The Company's operations are focused onshore with primary activity in the Eagle Ford Shale. The Company is active in sourcing other assets in proven producing areas.
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