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Bullboard - Stock Discussion Forum Long Run Explor Ltd Ord WFREF

"Long Run Exploration Ltd is engaged in the development, exploration and production of oil and natural gas in western Canada."

GREY:WFREF - Post Discussion

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Post by bosse on Apr 30, 2013 1:43pm

Q1 Results

Does anybody knows when they are going to issue the Q1 results ?

Acquisition by Whitecap Resources of Viking asset for $110 Million give us an idea of the value of LRE asset in Saskatchewan.only.They are producing 4000 BOE/day ( 89% oil)and  68 oil wells are planned for that sector in 2013!!!

For example Whitecap is a $10 stock and will have over 140 Million share issued while LRE has 110 Million and   their Viking asset represent only 15 % of their totat production.

Difficult to understand why LRE is not following the Whitecap path!!!

Comment by barneyj44 on Apr 30, 2013 8:13pm
Don't know exactly when numbers are out, wishing I would of sold some (at a loss) and bought some suncor. There was talk on BNN last year when we were Wfe about instilling a small dividend when they were doing there strategic alternatives, probably only way nowadays to get the market to take note,. Suncor uped there's 54 percent.
Comment by can1 on Apr 30, 2013 8:39pm
 I know the annual meeting is May 22,2013  They usually review year end statements and results. I'm not sure if they will release earnings prior to annual meeting. I would assume they will as analysts and shareholders would want time to scrutinize the reports prior to the meeting.
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