Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Antero Resources Corp T.AR


Primary Symbol: AR

Antero Resources Corporation is an independent natural gas and natural gas liquids (NGLs) company. The Company is engaged in the acquisition, development and production of unconventional properties located in the Appalachian Basin in West Virginia and Ohio. The Company targets large, repeatable resource plays where horizontal drilling and advanced fracture stimulation technologies provide the means to economically develop and produce natural gas, NGLs and oil from unconventional formations. The Company operates through three segments: the exploration, development, and production of natural gas, NGLs and oil; marketing of excess firm transportation capacity; and midstream services through its equity method investment in Antero Midstream Corporation (Antero Midstream). The Company holds approximately 515,000 net acres of natural gas, NGLs and oil properties located in the Appalachian Basin, primarily in West Virginia and Ohio.


NYSE:AR - Post by User

Comment by miningmanon Dec 17, 2021 4:05pm
211 Views
Post# 34242011

RE:RE:I sure dodged the bullet here

RE:RE:I sure dodged the bullet here

In April 1988 Echo Bay Mines acquired significant interests in the Muscocho mining group of companiesconsisting of Muscocho Explorations Ltd., Flanagan Mc Adam Resources Inc., and McNellan Resources Inc. The deal included the purchase by Echo Bay of C$26.5 million worth of newly issued common shares and C$23.5 million in convertible bonds. Echo Bay agreed not to increase its interests in the group to more than 33% for six years. Muscocho groups Magino and Magnacon properties in Ontario, and the Montauban mine in Quebec, represented Echo Bays first participation in eastern Canadian mines.

The acquisition proved a major disappointment for Echo Bay, however. By mid-1989, Muscochos Magino and Magnacon mines were for behind schedule. Echo Bay traded its one-third equity in Muscocho plus some cash and loans for 36% direct ownership of Magnacon and 50% of Magino; and Echo Bay also became the mines operator. Although the Muscocho investment was a costly write-down for Echo Bay, the future of the two mines it retained from the deal was bright.

<< Previous
Bullboard Posts
Next >>