Bullboard - Stock Discussion Forum Long Run Explor Ltd Ord WFREF

Energy Oil & Gas E&P

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

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Comment by yettaon Mar 10, 2016 10:20am

RE:Yetti

Yes QJ, I saw the news on IT. Good call! No worries about LRE.

Discussion

Post by QUANTUMJUMPon Mar 10, 2016 9:57am

Yetti

I am as confident in LRE closing as I was about the posts I made about IT last week The $20 million has been put in the escrow acct now and this deal will close

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Discussion

Comment by QUANTUMJUMPon Mar 10, 2016 9:55am

RE:Payout?

Yes Sir ,

Discussion

Post by grasshopper1917on Mar 10, 2016 9:53am

Payout?

If I do nothing and the deal closes will my shares simply be converted to cash and deposited in my trading account?

Discussion

Comment by QUANTUMJUMPon Mar 10, 2016 8:53am

RE:earning suck but we knew that

The second $10,000,000 deposited in escrow is a 100% commmitment or a simple dislay of insanity I am going with 100% commitment

Discussion

Post by uogradon Mar 10, 2016 7:59am

earning suck but we knew that

What we did not know was they got another $10,000,000 deposited in escrow yesterday. Dead money for a few weeks yes, but done deal for sure with 6-7 weeks.

Discussion

Post by soundandfuryon Mar 09, 2016 6:48pm

thats almost 20%

i been loading up everyday........................ill take that risk all day long................keep it up ...........lol

Post by greatmannon Mar 09, 2016 12:32pm

$0.52 - $0.45 = 0.07 x 100,000 = $7k still something to eat

with a risk

Post by MarkBill83on Mar 09, 2016 11:59am

LRE 0.45 vs LTS 0.41

GOGO

Comment by johnathamiltonon Mar 09, 2016 5:46am

RE:RE:sinoenergy is paying 20,000 per flowing barrel for lre

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.

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Discussion

Comment by BlueCollar51on Mar 08, 2016 1:37pm

RE:sinoenergy is paying 20,000 per flowing barrel for lre

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 ...more

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Discussion

Comment by QUANTUMJUMPon Mar 08, 2016 1:09pm

RE:sinoenergy is paying 20,000 per flowing barrel for lre

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

Discussion

Post by soundandfuryon Mar 08, 2016 12:37pm

sinoenergy is paying 20,000 per flowing barrel for lre

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.

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Discussion

Comment by Dannygoon Mar 08, 2016 12:26pm

RE:well actually the lre board can still entertain higher offer

Sinoenergy has to pay all LRE's debt + $0.52 per share + 75% of debenture with interest = CAD$770 M (as per Dec 21, 2015 announcement). Calculation: 770M/ 193,498,465 outstanding shares = $3.98 ...more

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Discussion

Post by soundandfuryon Mar 08, 2016 11:46am

well actually the lre board can still entertain higher offer

maybe suncor or some other company with expansion plans would like to bid on us................its a steal at any price under 1.00.................

Discussion

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