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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."


GREY:WFREF - Post by User

Comment by deismanon Nov 03, 2012 2:31am
356 Views
Post# 20558086

SPROTT a winner or looser?

SPROTT a winner or looser?

Looking at page 11 of their Sept/2012 general presentation it doesn't look like they did very well on either company.

Company               Year            $ Invested               Unrealized $       Realized +UnrealizedValue       IRR

Westfire Energy     2009   -   105,100,000           110,653,825               110,653,825                            2%
Guide Exploration  2011  -       45,789,056            26,831,163                 26,831,163                          -45%

https://www.sprottresource.com/Docs/Presentations/SRC-general-presentation.pdf

I assume they're hoping like the rest of us that this merger will be good for all.

 

As a side point it looks like they did quite well selling Waseca to Twin Butte

 

 

 

 

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