Long Run Explor Ltd Ord WFREF

RE:Alberta regulator's new rules throw oil deals into doubt

[robbie80]

Bill Andrew, chief executive officer of Long Run Exploration Ltd., said the rule change would not have an impact on the sale of his company to Sinoenergy Investment Corp., which received federal approval under the Investment Canada Act on Wednesday. However, he said he’s concerned smaller companies will now find it harder to thrive.