Long Run Explor Ltd Ord WFREF

as time drags on???

[soundandfury]

this seems like it might take a long time to complete.................therefor i pose the question???   Are they delaying selling the company as long as possible to see where the price of oil will finally settle and possibly start to rise???   and the longer they can delay the closing the less amount of time the purchaser will need to wait to see oil prices rise again.   If i was lre i would definately put some sort of clause in the transaction that adjusts for the oil price @ time of closing as compared to the price when the deal was first struck   In other words the longer they can delay actually paying any money the better for the would be purchaser......................hehehe

[wilwal]

The New Star deal took two months to complete.  Sinoenergy didn't reveal their identity until closing.   This is a bigger deal than New Star so it has a few more hoops to jump through.  For one thing, it has to be approved by FIRA.  That is supposed to be a 45 day process.  I suspect they won't apply to FIRA until the shareholder vote mid-February which is why

[quesea]

"Chinese hate to part with a nickel but when they do, they are all in" Actually the exact opposite is true, it's common in BC & the Oil patch for Chinese Investors to "Fail to continue to make Final Payments" on take over contracts (big & small).

[Reflect]

Soundandfury: I see no push to take advantage & buy up shares at a lower price which indicates to me a lack of interest in the deal & a weak commitment.  I believe if the purchasers were really committed they would have been buying shares a while back. I find it hard to believe that a deal of this magnitude would be passing moment but rather would have been planned for some time with