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.
i believe this pertains to the late march 2012 purchase of wheatland oil assets for 340 Million $$, whjich was 75 % owned by a trust of Harold Hamm and 25 % owned by Jeff Hume a CLR exec. They will issue over 4 Million Shares to pay for this transaction. http://finance.yahoo.com/news/continental-resources-buys-oil-assets-170950128.html
The great Harold Hamm and a couple of buddies have a Aubrey style FWP type of agreement in the Bakken. This deal is to exchange CLR shares for that production and rights.
i believe this pertains to the late march 2012 purchase of wheatland oil assets for 340 Million $$, whjich was 75 % owned by a trust of Harold Hamm and 25 % owned by Jeff Hume a CLR exec.
ReplyDeleteThey will issue over 4 Million Shares to pay for this transaction.
http://finance.yahoo.com/news/continental-resources-buys-oil-assets-170950128.html
Thank you. I vaguely remember that purchase.
DeleteBruce,
ReplyDeleteThe 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
That fits with the Wheatland purchase if I understand these things correctly.
Delete