Manitok Energy Inc MKRYF

Energy Oil & Gas E&P

Manitok Energy Inc is an oil and gas exploration and development company. The corporation is engaged in the exploration for, and the development, production, and acquisition of petroleum and natural gas reserves in western Canada. It mainly focuses on conventional oil and gas reservoirs in the Canadian foothills along with crude oil in Southeast Alberta. The majority of its revenue is derived from the petroleum and natural gas.

GREY:MKRYF - Post by User

Manitok Energy Inc

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Post by Bean_and_Dunnon May 25, 2017 1:39pm

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Post# 26283781

So what changes does that make to Sproule's report?

Is it still worth $0.81 per share? Quick tell me who will buy it!

The pre-tax net present value discounted at 10% ("NPV10%") ⁽²⁾ of PDP, TP and P+P reserves increased by approximately 30%, 43% and 44% respectively, to $114.9 million, $188.3 million and $299.8 million respectively, in the 2016 Sproule Report as compared to the 2015 Sproule Report.
The net asset value on a P+P NPV10% valuation ("NAV") is about $0.81 per share diluted (current share price of $0.13), assuming an undeveloped land value of approximately $33.3 million (valued at $100/acre), net debt of about $74.5 million at March 31, 2017 and other obligations, and having 262,819,832 common shares outstanding.