Bellatrix Exploration Ltd (Canada) BXEFF

Q3 equity $50m, 40 m shares out, new Bookvalue +- 1.2$/share

[Straite]

Q3 is out, no news with respect to ongoing strategic process. Among other news, a non-cash impairment loss of $630 million was recognized in the Company's Central Alberta CGU, of which $582 million was allocated to property, plant and equipment and $48 million was allocated to right-of-use ("ROU") assets. The estimated recoverable amount after decommissioning liabilities of the Central Alberta CGU as at September 30, 2019 was $526 million.

[projectleopold]

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[mjhayman]

So your saying they need a bid over 526 million in order to get to us? The dept is around 380 million I do know that...

[mjhayman]

It won't be decommissioned that's for sure it will be kept going I didn't think their orphaned wells were that big of a concern and I can't see anything I'm else being that much of a concern since it was a new build out 

[Straite]

I think the impairment just has to do with finding the NPV (calculated based on before-tax discount rates ranging from 10% to 15%.) of assets using different commodity prices. Debt is a bit over 350m. Decommissioning liabilities is used in NPV calculation as cash outflow at end of well life. While it may be a 0, there is no proof it is until there is official news. "The Company intends to