Equal Energy Ltd EQU

NSE IPO pulled

[Boolish]

https://www.reuters.com/article/2012/05/11/newsourceenergy-idUSL4E8GB9U820120511

[Nawaralsaadi]

Indeed this is unfortunate, NSE would have offered a great comparison benchmark, but for all intents and purposes the days of EQU as a public corporation is numbered, this company will likely be sold at the end of the review within the next 2 months. However, since we are in the subject of IPOs, Argent Energy Trust has filed for an IPO on the TSX they have assets in Texas and Oklahoma. They are

[dbeaude]

Nawar, any thoughts on the AGM? Also, | hope you are right on the result of the strategic review. I wonder if the company will accept any offers in this market as potential buyers will likely try to low ball them substantially in this environment. The $18 million for half of the Mississippian assets seems cheap at $24,000 per acre? With an EV of just $265 million the review should

[Nawaralsaadi]

db, the AGM was quite positive, since the review was announced there was no need for a confrontation. I spoke to the new Chairman, CEO and the Scotia bankers, they were all on board with the review; the Chairman expressed a high level of confidence that they will extract good value for our assets (he has done a good job with a similar review at Berens Energy in 2010); the Scotia representative

[dbeaude]

Thanks Nawar. I to think $6 would be good particularly in this disgusting market for resource (and particularly for oil and gas) company share prices. I may load up some more. Dennis