Lucero Energy Corp V.LOU

Alternate Symbol(s): PSHIF

Energy Oil & Gas E&P

Lucero Energy Corp. is a Canada-based independent oil company. The Company is primarily focused on the acquisition, development, and production of oil-weighted assets in the Bakken and Three Forks formations in the Williston Basin area of North Dakota. Bakken is a petroleum system with source rock featuring multiple stacked zones accessible for development, which includes Middle Bakken, Three Forks Benches One, Two, Three and Four, Pronghorn/Sanish and Lodgepole. The Company has a platform of light oil assets located in the prolific North Dakota Bakken/Three Forks play.

TSXV:LOU - Post by User

Lucero Energy Corp > Share Numbers

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Post by Energyuseron Nov 13, 2023 5:37pm

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Post# 35732979

Share Numbers

Help me out here. According to the news release, LOU has purchased back and cancelled 19M shares. However, according to the end of Sept, after 9 months,
Shares outstanding end of 9 month period, 651MM, last year, 662MM
Shares weighted average, 661MM 644MM
Shares fully diluted 673MM 666MM
How do we cancel 19MM shares and have MORE SHARES?

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