RE:RE:RE:Can't be any worse then the circus that we just went throughDon't bet on it. and don't challenge them to try do something even more stupid. The management team at RPL is not particularly skillful at the best of times.
In regards to Alexander. They have raised cash in Sept 2013 at $0.15 for a huge $1,272,000 and also $71,250,361 by the recent issuance of warrants priced at $0.49. They paid a whopping $3,750,019 in commission for this placement.
If RPL tries to climb in bed with them they would be the stupidest lame brains on this planet.
February 3, 2014 - Calgary, Alberta – Alexander Energy Ltd. (“Alexander” or the “Corporation”) is pleased to announce that it has successfully completed the acquisition of certain assets located in southeast Saskatchewan (the “Assets”) previously announced on December 18, 2013. The Assets were acquired from an arm’s length public oil and gas company for total consideration of $32.5 million with an effective date of December 1, 2013.
Following the completion of the acquisition of the Assets, Alexander is well-positioned with positive working capital of approximately $61 million and a predominately light oil production base of approximately 950 boe/d coupled with numerous growth opportunities focused across central Alberta and southeast Saskatchewan.