Long Run Explor Ltd Ord WFREF

RE:buy, dont sell

[downkarma]

It is encouraging to see LRE absorb the shares issued at a resonable price. It seems the market also believes the div is sustainable, but nonetheless this is not a growth stock, imo it will be a slow mover.

4 wells recently spudded:

LONG RUN HZ 102 REDWATER 7-27-56-21     
PRODUCTION - DEV (NC) 
 
Well ID:  02/07-27-056-21W4/0 
Fluid:  CRUDE OIL 
Licensee:  LONG RUN EXPLORATION LTD. 
License Date:  06-Mar-2014 
Spud Date:  26-Jun-2014 
Projected Depth:  1,600.0 m 
Field:  REDWATER 
Terminating Zone:  VIKING FM

LONG RUN HZ 103 REDWATER 7-27-56-21     
PRODUCTION - DEV (NC) 
 
Well ID:  03/07-27-056-21W4/0 
Fluid:  CRUDE OIL 
Licensee:  LONG RUN EXPLORATION LTD. 
License Date:  06-Mar-2014 
Spud Date:  22-Jun-2014 
Projected Depth:  1,600.0 m 
Field:  REDWATER 
Terminating Zone:  VIKING FM

LONG RUN HZ GVILLEE 7-17-76-20     
PRODUCTION - DEV (NC) 
 
Well ID:  00/07-17-076-20W5/0 
Fluid:  CRUDE OIL 
Licensee:  LONG RUN EXPLORATION LTD. 
License Date:  13-Jan-2014 
Spud Date:  22-Jun-2014 
Projected Depth:  2,500.0 m 
Field:  GIROUXVILLE EAST 
Terminating Zone:  MONTNEY FM

LONG RUN HZ GVILLEE 4-33-75-20     
PRODUCTION - DEV (NC) 
 
Well ID:  00/04-33-075-20W5/0 
Fluid:  CRUDE OIL 
Licensee:  LONG RUN EXPLORATION LTD. 
License Date:  29-Nov-2013 
Spud Date:  22-Jun-2014 
Projected Depth:  2,500.0 m 
Field:  GIROUXVILLE EAST 
Terminating Zone:  MONTNEY FM