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Tuesday, 26 February 2013
See Longreach Oil and Gas at Proactive forums across Canada ahead of high impact drilling campaign
Arguably the best time to take a closer look at a junior oil and gas company is just before they kick off a high impact drilling campaign, and that is exactly what we are offering investors in the second week of March, with a series of One2One investor forums across Canada.
We are offering investors a rare opportunity to hear from Andrew Benitz, CEO of Longreach Oil and Gas (TSX-V:LOI), which is cashed after completing a merger with fellow junior APIC Petroleum and concurrent $30 million private placement at the end of 2012.
The Proactive Investors One2One forums promise to provide direct access to the bosses of some of the nation’s most dynamic growth companies.
Indeed, this time is no different, with Longreach Oil and Gasset to take the podium at a series of events in Vancouver, Calgary, Toronto, and Montreal, from March 11 to 14.
In six years, Proactive has organized more than 300 events and introduced investors to some of the stock market’s best-performing stock market listed companies.
The next One2One Investor Forum will be held at Metropolitan Hotel Vancouver - 645 Howe Street - Vancouver Room, on March 11.
It promises to be an interesting affair, with this compelling investment opportunity on hand for attendees.
Longreach will make a 20 minute pitch followed by a 10 minute inquisition by a roomful of potential investors.
Once the company has presented, complimentary canapés and beverages are available for 90 minutes during a break-out session, where attendees can mingle with other guests, or ask more questions to the presenters.
Longreach will appear in Vancouver on March 11th, which will be followed by a presentation on March 12 in Calgary, March 13th in Toronto and March 14th in Montreal. For more details on the event times and locations, and to register, please click here.
We look forward to seeing you there! (See mini biog on Longreach below)
Through the merger with APIC, Longreach also gained industry veteran Dennis Sharp as Chairman. Sharp has a strong track record of building junior energy companies, most recently UTS Energy, which was sold to Total for $1.5 billion in 2010.
Backed by several big funds, including Dundee, Blakeney, Sprott Asset Management, and West Face Capital, Longreach is planning to drill two high impact onshore wells in Morocco, where it recently completed 2D seismic to sharpen up the targets.
The company said the 2D program, designed to assess possible drill targets such as the Koba and Kamar prospects, was completed on time and on budget.
Under the terms of the licence, Longreach was required to acquire seismic data over an area of at least 500 kilometres (km); it has actually grabbed 520 km of high quality seismic data in 47 lines over the portfolio of prospects.
The company is well financed, with US$30 million in freshly garnered funds.