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Twin Butte Energy Ltd TBTEF

Energy Oil & Gas E&P
Twin Butte Energy Ltd is an oil and natural gas exploration, development and production company with properties located in Western Canada. The firm's operational assets have been sold to West Lake Energy Corp.


GREY:TBTEF - Post by User

Twin Butte Energy Ltd
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Comment by HamSandwichon Jun 01, 2016 7:06am
177 Views
Post# 24922053

RE:Raging River acquires Rock Energy

RE:Raging River acquires Rock Energy

Scottie99 wrote: Guess the acquisition season has started and maybe this is how TBE would be acquired! based on the RRX-RE arrangement, Rock Energy shareholders would receive about 90 cents per sharee! This is quite good considering Rock  Energy is losing so much money, the majority shareholder had to intervene and its total production is a paltry 2,550 boe/day!


So basically they gave 10% premium over the recent closing price, you think that's quite good?

I mean that's analagous to TBE selling for 8 cents

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