Long Run Explor Ltd Ord WFREF

sinoenergy is paying 20,000 per flowing barrel for lre

[soundandfury]

and suncor paid 50,000 per flowing barrel for cos........................seems rather strange that suncor would let lre go for less than half of the cos deal.

[QUANTUMJUMP]

they already owned a large % of the same project , completely different sceanrio  LRE shareholders got a good deal - please note % of votes tendered to bid 

[BlueCollar51]

When a company acquires another company as well as the “Flowing Barrels” (not all of which have equal value) they also acquire the associated Infrastructure, Acreage and Reserves.   Comparing COS to LRE is like comparing Apples and Potatoes (Ridicules !!)   If the market felt that there was the possibility of a competing offer for LRE coming along it would be reflected in the Share Price

[rongo]

This post has been removed in accordance with Community Policy

[johnathamilton]

Exactly - The issue is the cost per barrel. Flowing barrels from longer lasting traditional wells would be worth more than high cost enhanced extraction wells which experience faster decline.