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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 > qwqw calculation
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Comment by pppon May 31, 2015 10:09pm
116 Views
Post# 23783061

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:qwqw calculation

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:qwqw calculationHigh decline rates. LEG had production in Q1 of 24000 bbls average. When the deal was made the production was 22,000. this means production declined 10% iquarter over quarter. Plus they spent over 40 mil cap ex in Q1.

This is why they got what they got.  Sure some of the best low decline rate water flood brings more money but Leg wasn't there yet.

T
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