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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 > off 10 percent of debt in 9 months
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Comment by cenderon Nov 29, 2015 2:25pm
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Post# 24336449

RE:RE: off 10 percent of debt in 9 months

RE:RE: off 10 percent of debt in 9 monthsRevolving Facility  will be cut by $100 mil. in addition to forced payback of non revolving one .They will be forced to sell redwater viking , the only reliable money making asset left in this environment .  With only a few thousand barrels of high netback oil left and over $300 million net debt after selling best assets the banks will close this before april I would geuss given the gloomy oil price outlook. Ask yourself why Lightstream has been unable to sell incredible saskatchewan assets even at discounts . ...just noticed presentation taken down on website = yikes .
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