Painted Pony Pete Ltd PDPYF

Net Asset Value

[Squint1]

Reserve values as of Dec.31, 2019.  Balance sheet amounts as of June 30, 2019.  

	Proved &	Total	Proved
	Probable	Proved	Producing
Reserves @ 10% BT - Dec. 31, 2019	$3,203.0	$1,779.0	$762.0
Working Capital	($180.7)	($180.7)	($180.7)
Long term Hedges	($35.2)	($35.2)	($35.2)
Debt	($193.8)	($193.8)	($193.8)
Leases	($50.6)	($50.6)	($50.6)
Net Asset Value, June 30, 2020	$2,742.8	$1,318.8	$301.8
Shares Outstanding	160,995,692	160,995,692	160,995,692
NAV per share	$17.04	$8.19	$1.87

[Oldnagger]

Thanks, we need to keep pointing out the asset values and get our message out to other shareholders

[Redrum1969]

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