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Lucero Energy Corp V.LOU

Alternate Symbol(s):  PSHIF

Lucero Energy Corp. is a Canada-based independent oil company. The Company is primarily focused on the acquisition, development, and production of oil-weighted assets in the Bakken and Three Forks formations in the Williston Basin area of North Dakota. Bakken is a petroleum system with source rock featuring multiple stacked zones accessible for development, which includes Middle Bakken, Three Forks Benches One, Two, Three and Four, Pronghorn/Sanish and Lodgepole. The Company has a platform of light oil assets located in the prolific North Dakota Bakken/Three Forks play.


TSXV:LOU - Post by User

Post by Energyuseron Jun 07, 2023 12:07pm
279 Views
Post# 35484536

2022 New Board and financing

2022 New Board and financing
So, it looks like it all goes back to the refinancing in 2022, 47MM shares generated at less than $.48 per. Are the' investors' selling  for a one or two cent gain? That's a brutal overhang on the company. Ninepoint should come in and pick up some more at their buy in price. They do own 7% of the company at last release, less than 1% of the fund and 47MM shares. Co-incidence that the overhang is equal to what they own?
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