GREY:WFREF - Post by User
Post by
CznFanon Jan 15, 2016 1:36pm
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Post# 24462775
Is Sinoenergy Pacific the acquirerer
Is Sinoenergy Pacific the acquirererwindwalker4 and techn9ne already pointed out on Dec 21 based on news articles that if there is an offer then it may be Sinoenergy Pacific that is the acquirer of LRE, as they acquired New Star Energy just last year. Three people currently in New Star Enery executive team are ex-Galleon people including the founder and thus maybe, just maybe they want their "baby" back (LRE=Galleon+Westfire)...
Reading how Sinoenergy Pacific acquired New Star Energy in 2015, it is eerie similar to how LRE is being acquired. Caution is that there was a hickup between Sinoenergy Pacific and New Star Energy but in the end the transaction closed...
With the recent Paris agreements on global warming, Chinese must be getting keener on getting their hands on some cleaner sources of energy than coal and thus they may be after LRE and other gas producers
I think this deal closes unless the recent market turmoil in China and NA starve Sinoenergy Pacific of the needed $$$ for LRE
Hold on tight ladies and gents...we should know soon one way or the other...boom or bust