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Long Run Explor Ltd Ord WFREF

"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

Post by soundandfuryon Aug 03, 2015 10:33pm
133 Views
Post# 23985696

they had cap expenditures of 360 million in first half .....

they had cap expenditures of 360 million in first half .....of 2014.   In first half of 2015 the had cap ependitiures of 40 million.....................that is a decrease in cap ex of some 320 million.   They will pay off 100 million in debt from this reduction in cap expenditures and also funds from operations is on trach to be 125 million - 135 million .   100 million in debt reduction in this environment is quite an accomplishment for sure......................one cant expect more than that ......................heheheh
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