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Bullboard - Stock Discussion Forum Long Run Explor Ltd Ord WFREF

"Long Run Exploration Ltd is engaged in the development, exploration and production of oil and natural gas in western Canada."

Bullboard (GREY:WFREF)

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Post by QUANTUMJUMPon May 20, 2016 10:04pm

They knew days ago

Paint it whatever way you want  Sino put out their news release Wed , I asked IR and she played coy  I asked what "adjustment" to the deal occured , she replied no " ...more  
Comment by wojooilon May 20, 2016 9:57pm

RE:RE:RE:RE:More delays

1.2 billion yuan short and sino extends the deal? Why not pray investment Canada drags their feet and sino walks away with the escrow cash? Nothing made sino extend the deal 
Post by wojooilon May 20, 2016 9:48pm

Maybe positive?

"The purchaser has the right to extend the outside date in 30 day increments if the required regulatory approvals have not yet been obtained" so if sino is having troubles with the ...more  
Comment by uogradon May 20, 2016 9:45pm

RE:RE:RE:RE:More delays

the thing that is the shattiest here is that a lot of people have a lot of money invested in this play nd now have to worry all weekend about where this fricken thing is going to open on Fricken ...more  
Post by QUANTUMJUMPon May 20, 2016 8:14pm

Oil seasonality

usually crumbles end of May  Is purchasers pps crumbling a reflection of the market view? Be fore warned , when I asked IR what adjustment had been made based on purchaser press release  ...more  
Comment by wilwalon May 20, 2016 7:55pm

RE:RE:RE:More delays

There aren't any shenanigans here other than they won't admit that funds are the real problem and in order to make a delay possible, they can't reveal that it is about financing ...more  
Post by QUANTUMJUMPon May 20, 2016 7:49pm

WTF ?

So the Chinese put out a release whatever day I posted it saying "adjustments to acquisition" LRE puts out a press release (like I posted) Friday after the close on a long weekend  IR& ...more  
Comment by uogradon May 20, 2016 7:38pm

RE:RE:More delays

Well all I can say is the smell here has gone from bad to putrid.  In the long history of investing there is nothing more telling  than a  late Friday afternoon press release going into ...more  
Post by bwlingon May 20, 2016 6:38pm

More delays

May 20, 2016 Long Run Exploration Ltd. Provides Further Update to Timing of Arrangement   CALGARY, ALBERTA--(Marketwired - May 20, 2016) - Long Run Exploration Ltd. ("Long ...more  
Comment by wilwalon May 20, 2016 12:25pm

RE:RE:RE:RE:RE:RE:RE:changchung sinoenergy down another 8.74% last night

I understand that the capacity to close the deal is not part of IC's parameters. I think you are quite right that negotiations to extend might not start until IC approval.  Regardless, as I ...more  
Comment by robbie80on May 20, 2016 12:05pm

RE:RE:RE:RE:RE:RE:changchung sinoenergy down another 8.74% last night

Investment Canada has not granted approval yet. This is the most important thing before any extension discussion. Just wondering whether Investment Canada would check whether SinoEnergy has money ...more  
Comment by wilwalon May 20, 2016 11:49am

RE:RE:RE:RE:RE:changchung sinoenergy down another 8.74% last night

Yes, in the absence of $3 nat gas and $60 oil, LRE is a serious problem for the banks.  It would be in their best interests to grant an extension if requested.  They might ask for a bit more ...more  
Comment by uogradon May 20, 2016 11:29am

RE:RE:RE:RE:changchung sinoenergy down another 8.74% last night

Good points but I see the banks being as lenient and tolerant as necessary here. No way in this market would they come close to recouping what the total debt burden is here.   If there is ...more  
Comment by QUANTUMJUMPon May 20, 2016 11:19am

RE:RE:RE:RE:changchung sinoenergy down another 8.74% last night

Just ballparking it , I assume approval/denial press must be out next week  IR's reply was there has been no amendments to deal since Jan29th , when I asked if there were adjustments   ...more  
Comment by BlueCollar51on May 20, 2016 11:05am

RE:RE:RE:changchung sinoenergy down another 8.74% last night

I agree with everything that you said but I have a couple of points to add.   If I am understanding the terms of the agreement correctly;   If the review process is extended Sinoenergy ...more  
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