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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 > pennwest get 975 mil for 13000 boe
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Comment by robbie80on Jun 13, 2016 4:58pm
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Post# 24961630

RE:RE:pennwest get 975 mil for 13000 boe

RE:RE:pennwest get 975 mil for 13000 boeAccording to pennwest most recent corp presentation, pennwest gets $100-200 mil for 20,000 boe from natural gas assets. Considering current low price, the price depends the operating cost of the assets.
 If banks don't force debt repayment immediately, Long Run should have got better price on assets sale and shareholder value.  
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