RE: RE: RE: i have had the idiot crazy on ignor foI cant wait for you to explain this for me, Crazy :
Daily Oil Bulletin
Questerre Energy Corporation has concluded an agreement with Transeuro Energy Corp. for Transeuro to acquire the remaining 50 per cent interest in the Beaver River field in northeast British Columbia.
Pursuant to the agreement, Transeuro will acquire Questerre Beaver River Inc., a wholly-owned subsidiary of Questerre that owns the 50 per cent interest in the Beaver River field. In consideration, Questerre will receive 40 million common shares of Transeuro. Closing is scheduled for early May and is subject to receipt of all requisite approvals and other conditions precedent.
“Through our equity interest in Transeuro, we will retain an interest in the Liard shale at Beaver River, which we believe has significant potential. As the interest in this play grows, Transeuro now has the flexibility and focus as the operator to bring in a seasoned industry partner to unlock this potential," said Questerre president and chief executive officer Michael Binnion in a news release.
Transeuro has been a working interest partner at the field since 2005.
Questerre has plans to maintain its share position through a $2 million commitment to a future financing by Transeuro subject to final terms.
Notice this :
Questerre has plans to maintain its share position through a $2 million commitment to a future financing by Transeuro subject to final terms.
Come up with a nice bashing-explanation for this, Plz.