Long Run Explor Ltd Ord WFREF

RE:the news release in only one hour old

[wilwal]

Actually, it doesn't matter to me much, except I do have one account with a few shares in it so I would prefer to see it close.  I am not suggesting that it won't close, just suggesting you look at the facts.  Only last week they extended the outside date to end of July.  Investment Canada approval was always a slamdunk.  And now LRE is "helping" Sino with Forex?   It is Sino's responsibility to do the Forex and that is not a complex task.  I'll bet Forex is something they could hire soundandfury to handle for them.

This deal will be done when the money is in the bank.....sometime in July.  The good thing for LRE investors is that it will be all over in 5 weeks or less one way or the other.  With improving metrics for both oil and gas prices, Sino may be able to pull this off.  2nd Qtr has been deadly for LRE with Alberta gas spot prices trading at almost $0 for a few days during the FtMac fires.  It will still take some time for Alberta gas to recover.

New regulations may have made this deal more difficult for Sino too.  This week the Alberta Energy Regulator issued a new directive requiring takeovers to have a LMR of 2.0.  LRE's LMR is 1.63.  That may require Sino to put up more capital to raise the LMR to 2.0......maybe as much as $185 million.  Maybe Sino can get an exemption for this.