Coelacanth Energy Inc. V.CEI

We're cooked

[loonietunes]

Vermillion takes us out for 477 million no details yet?

[jrk8888]

I've only been invested here for a few weeks, I imagine some of the guys who have been around this play for awhile might be a bit pissed. I'm mildly annoyed as this looked like it was developing some legs and looked to have a really solid runway to $5+ in a couple of years. Interested to see how much of the land base they get to keep. Get $1.73 now instead of $5+ in 2024. Like to hear what

[Tad]

jrk8888, I like the deal, and there is stil alot of growth potential down the road, with a a bundle of cash to do it.  Assuming ExploreCo receives the maximum proceeds from all financings described under the "Financings" heading, ExploreCo will have the following characteristics: Approximately $80 million cash (no debt); >140 net sections of Montney land

[jrk8888]

Got pretty close to $2 so I sold. The one thing I didn't like was how many ExploreCo shares there were going to be.cheers

[loonietunes]

No kidding can you spell taken to the wood shed! The open this morning hope it loads? https://www.bnnbloomberg.ca/the-open/vermilion-energy-to-buy-leucrotta-exploration-in-477m-deal~