USEG has hired an investment banker and is selling some of its leases in Montana and North Dakota. They are a joint venture partner with BEXP, which is being bought out by Statoil for $4.4 billion in cash.
If MHR issued another 50 million shares at $3.00 per share, we could afford this.Get Gary Evans on the phone!
That was actually kinda funny. You must be the Turd that floated to the top of the toilet bowl. I'm very proud of you sweetheart!
he doesn't have time for pooop faced ted groopies
USEG has sold some additional non-producing Bakken acreage in Montana to an undisclosed partner. They will book a $2 million profit on the sale.Magnum has been aggressive and wondering if they might be the joint-venture partner?
USEG completed a sale of some working interests to Brigham Exploration...no producing wells were included in the sale.They have a buyer lined up for some more leases and the deal is expected to close in mid January.
MHR recently acquired some Bakken acreage. The price received for the drilling rights and the stock action for USEG is an indirect indicator for MHR.Like MHR U.S. Energy is very undervalued.
What does this mean for MHR?