OTCQX:GXOCF - Post by User
Post by
Valueseeker18on Dec 19, 2018 7:33pm
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Post# 29138079
2.97 Reserve Value Per Share Per Company 2017 report
2.97 Reserve Value Per Share Per Company 2017 reportPer the companies 2017 reserve report update in March of this year - here is what the entity is worth per share based on last years strip which is
Proved Developed Producing $2.97/share
Total Proved $5.64/share
Total Proved Plus Probable $8.21/share
Their internally generated cash flow should be able to cover the requirements - as well exchange rate is 79-85 cents in this report ie we are much better today to offset the aditional 8 ish million in debt and slightly lower (not materially pricing). 2019 hedges is better than the strip in the report as well - another favor for shareholders.
https://www.graniteoil.ca/uploads/Press-Releases/Granite-PR-2018-03-07.pdf
The present value of the Company’s future net revenues discounted at 10% (PV10) before taxes of Granite’s reserves, as set out in the Sproule Report, plus an internally estimated undeveloped land and seismic value of $12 million, less estimated net debt of $39.8 million at December 31, 2017, per fully diluted common share are as set out below: