GREY:BXEFF - Post by User
Comment by
Straiteon Nov 14, 2019 4:14pm
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Post# 30352894
RE:RE:RE:Q3 equity $50m, 40 m shares out, new Bookvalue +- 1.2$/share
RE:RE:RE:Q3 equity $50m, 40 m shares out, new Bookvalue +- 1.2$/shareI 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 explore market interest with a range of potential parties and remains engaged in ongoing discussions with certain existing key stakeholders in connection with the Strategic Process." Key stakeholders may or may not include previous debt-holders that have been exchanged for equity.