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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."


GREY:WFREF - Post by User

Long Run Explor Ltd Ord > another 1/3 covered
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Comment by VentureCapital3on Mar 17, 2015 10:51pm
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Post# 23532341

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:another 1/3 covered

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:another 1/3 coveredAll the financials are on sedar and on LRE's site... I guess it is LRE who has to produce those reports not gold. LRE lost a lot a money in Q4 2015. But, it was not cash flow... just impariment and depletion. CAPEX is not an expense, no it is investment... and depletion is not a real expense... no there is no impact on cash flow... Q1 2015 will be terrific as well as Q2 2015. After that, it will depend of oil and gas prices. $140M of operating cash flow when you have $700M of debt et you should spend probably $200M on CAPEX to maintain your production, you are in trouble.
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