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Royale Energy Inc. Message Board

jillsexsmith 3 posts  |  Last Activity: Sep 26, 2014 9:25 PM Member since: Feb 5, 2013
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  • jillsexsmith by jillsexsmith Sep 26, 2014 9:25 PM Flag

    Shame on me for believing these words from a conference call and actually buying shares.
    "Our Canadian team has assembled an outstanding plan and playbook to follow to achieve this goal. We're in the formal bidding stage of the process to secure partners for the project and have significant interest from a number of parties."
    A CEO with integrity would have disclosed the bidding deadline and announce that no "qualifying" bids were received.

  • I noticed that the Fortune Creek JV with KKR received a confidential amendment.

    Article 1 is amended by the addition of the following definition:
    "HRB Transaction" means a transaction whereby equity of QRCI is issued from treasury by QRCI or sold by KWK, or an interest in QRCI's Horn River reserves and acreage is sold, to a non-affiliate, at the closing of completion of which KWK or QRCI, as the case may be, receives cash proceeds of not less than $[****];
    Section 5.5 is amended by the addition of the following subsections (f), (g) and (h):
    Notwithstanding Section 5.5(a), the balance (the "Drilling Obligation Balance") of the Drilling Obligations, which QRCI, the Partnership and Newco acknowledge and agree to be $120 million as of December 31, 2013, shall be spent by not later than the earlier of the following dates (the "Drilling Obligation Date"):
    (i) June 30, 2016; and
    12 months after the closing and completion of an HRB Transaction

  • jillsexsmith by jillsexsmith Jul 28, 2014 7:47 PM Flag

    CALGARY — Two more liquefied natural gas players entered the export fray Monday, unveiling plans for new capacity on opposite ends of the country.

    A Canadian unit of Fort Worth, Tex.-based Quicksilver Resources Inc. applied to federal regulators for permission to export 20 million tonnes of LNG per year for 25 years, or about three billion cubic feet of gas a day, from a former mill site north of Campbell River on Vancouver Island. Separately, Perth, Aus.-based Liquefied Natural Gas Ltd. said it bought a potential export site from Anadarko Petroleum Corp. for $11-million outside Port Hawkesbury, N.S., on Canada’s East Coast.

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