![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
TSXV:ALR | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0 | - |
Alder Resources Ltd. (the "Company") (TSX VENTURE:ALR) has signed an interim agreement to sell the 15% working interest that it owns in seven producing natural gas wells in West Virginia, U.S.A. The wells, since they have gone into production, have produced on average at rates much lower than were anticipated when the Company originally agreed to participate in the drilling of the wells. In addition, natural gas prices are very much lower than they were at the time the Company agreed to participate in the drilling. As a result the wells do not have the value expected by the Company and their future is uncertain. The cash sales price which the Company expects to receive will, unfortunately, be significantly less than the Company's original costs. It is Management's belief that the Company and its shareholders will get better value, by receiving and applying the cash proceeds that are expected to be received, than retaining the wells. ALDER RESOURCES LTD. Bruce Ford, President and CEO
1 Year Chart |
1 Month Chart |
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions