Monday, July 9, 2012

CLR Calls Special Shareholder Meeting To Vote on Issuing More Shares

I don't know if the number of proposed shares has been released; I did not see it in the announcement, but you know me, I often read too quickly and miss things.

The meeting is scheduled for August 12, 2012, I believe.

4 comments:

  1. i believe this pertains to the late march 2012 purchase of wheatland oil assets for 340 Million $$, whjich was 75 % owned by a trust of Harold Hamm and 25 % owned by Jeff Hume a CLR exec.
    They will issue over 4 Million Shares to pay for this transaction.
    http://finance.yahoo.com/news/continental-resources-buys-oil-assets-170950128.html

    ReplyDelete
  2. Bruce,

    The great Harold Hamm and a couple of buddies have a Aubrey style FWP type of agreement in the Bakken. This deal is to exchange CLR shares for that production and rights.

    ~JJ

    ReplyDelete
    Replies
    1. That fits with the Wheatland purchase if I understand these things correctly.

      Delete