Long Run Explor Ltd Ord WFREF

RE:RE:Looks like oil is starting to take a bit of a hit but NG

[barneyj44]

CALGARY, ALBERTA--(Marketwired - Nov. 7, 2013) - Long Run Exploration Ltd. ("Long Run" or the "Corporation") (TSX:LRE) is pleased to announce its plans to transition to a balanced, intermediate producer focused on paying sustainable dividends and delivering moderate per share growth to shareholders. Long Run anticipates paying an initial monthly dividend to shareholders of $0.0335 per share, with the first payment expected in February 2014, while delivering annual 2014 per share production growth of approximately 3 percent. Using Long Run's current 2014 commodity assumptions, Long Run expects to achieve funds flow per share growth of approximately 8 per cent. This model is supported by operating and developing assets already in the Long Run portfolio of producing properties. Long Run is confident that this model can be further enhanced by the acquisition and optimization of assets which increase cash flow per share.