In Case You Missed It: Black Ridge Oil Did Not Close On Additional ~ 9,000 Acres

Link here to PennEnergy.

Black Ridge Oil & Gas, Inc. (formerly known as Ante5, Inc.) owned, as of June 1, 2012, over 11,000 net mineral acres in the Bakken / Three Forks trends in North Dakota.

The Company did not close on the asset purchase agreement dated March 21, 2012 for the acquisition of over 8,655 net mineral acres ... due to current equity financing market conditions....

Private equity issue, banking lending issue, whatever ...

It would have been interesting to know the ask/bid price.