Lucero Energy Corp PSHIF

Primary Symbol: V.LOU

Energy Oil & Gas E&P

Lucero Energy Corp. is a Canada-based independent oil company. The Company is 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. It provides pure-play development exposure to a portfolio of oil-in-place projects in the core and most economic part of the Bakken and Three Forks play in North Dakota. The Bakken is a complete petroleum system with source rock featuring multiple stacked zones accessible for development: Middle Bakken, Three Forks, Pronghorn/Sanish and Lodgepole.

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Lucero Energy Corp

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Comment by Thunderbird15on Dec 24, 2004 2:39pm

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Post# 8357759

RE: 29%

Well, upfront it would carry a pricetag of 36 million in stock and cash combination depending on whether the value paid will be discounted or not. But then you have to figure in what PSH is bringing to the table in Michigan and Canadian value that lies behind the PSH stock value. Where will the negotiations bring it to?

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