Long Run Explor Ltd Ord WFREF

RE:why so serious, let's put a smile on your faces

[Reflect]

That is not true. Investing in penny stocks or futures is pure speculative & gambling. In LRE’s case because this is LRE’s board; an investor does their dd before investing & weighs in the risks & rewards. Your comment is solely based on the world prices of oil controlled by foreign countries & cartels of which the Canadian Companies have no influence or control over. This is just the way it is. So there is volatility. As to NG; the future looks very promising but again, prices are controlled south of the border.
 
Can LRE rebound; I most definitely believe so & have invested in LRE. I believe the rewards far outweigh the risks & all investments carry risk. Back to LRE, I am waiting for the Q2 report which will give an idea as to LRE’s direction (Q1 was the implementation of the strategic plan) but the real data will present itself in Q3 &Q4.
 
There seems to be a lot of Spartan supporters on this board so I will use SPE as an example. SPE was born out of the remains of Renegade Petroleum & Alexandria. The claim to fame for SPE is strong mgt. & leadership. In fact SPE claims to have double production since its inception. The truth is every drop of oil starting with the approx. 5,200 BOE/d came from Renegade & the properties RPL owned that are producing the other 4,000 BOE/d oil. SPE mgt. has never made any decisions whatsoever; as far as I know, they have never ever boughten any properties.
There was the joker John O’Connell on BNN who said that SPE could with a snap of finger could raise 200 million & double production. SPE could raise 400 million easily but to double production I venture out 700 million plus. The creditors have the former Renegade assets for collateral. Alexandria has added no value whatsoever. SPE is a paper lion. What a foolish statement by John O’Connell – 200 million dollars for 9,600 BOE/d (98% oil).
 
In the deal with RPL; SPE mgt. just used the monies from Renegade’s cancelling of the dividend & other monies from the producing wells & drilled and pumped RPL’s reserves. Renegade could have easily done this too but did not – instead Thomas Budd (CEO of RPL) sold the house to Alexandria & shafted all us small investors.
 
Now compare that to the hard decisions LRE has made. They knew dropping the dividend would drive investors away; the Nutcase just pounced on that & forever; him & bashers state all over the internet LRE pays no dividend. The Nutcase never stresses SPE pays no dividend & never has - but always touts strong leadership. SPE has never had to make any hard decisions – they just exploit the RPL resources which they stole from us small investors – I still believe an investigation is warranted into the Renegage –Alexandria-Spartan deal.
 
LRE mgt. had to frugally exploit their properties & draw up a doable plan to meet their hedges & bill requirements. This too was used against them. LRE mgt. is cursed for being frugal & should not have the prerogative of which fields to pump. And also, LRE properties according to the pundits are garbage; everything is based on share price. Oil production & reserves mean nothing.
If shorts use 4 million shares & drive the price down; then LRE’s oil pumping properties value are to be based on that – let alone there are still 193 million shares still out there.
They say this is the way the market works & so if LRE sells a property; production & reserves are not the determining value – sp is. However, when other companies sell property such as Surge Energy – this is liquid gold & should be stored in the bank. Surge oil is worth every penny but LRE oil is garbage, almost worthless & buyers out there such as SPE will give you a bottle of whiskey for the property.
 
As to outright takeover & sell; the pundits say the major stockholders will sell & take very serious losses in fact they should just give LRE away to the buyer & we present shareholders pay the debt. The foolishness of it all.
LRE produces 32,000 BOE/d to 36,000 BOE/d with a debt in the 700 million dollar range & a little company like SPE with the snap of a finger with 200 million is going to take it over. The logistics & negotiations is so overwhelming. Without a blink the price tag starts in the 1.5 billion range & that’s why it would be big company & share & cash deals done along with the creditors that would propose a deal to LRE & then subject to approval.
 
We are not guessing as to LRE’s future; it is looking bright with big rewards ahead. We do know something - it is you that has the problem.