Palliser Oil & Gas Corp. PSLRF

True NAV $2?

[Sir_Holler]

• Increased net asset value per share 39%. Net asset value (debt adjusted, fully diluted, discounted at 10% before tax) was $1.66 per share compared with $1.19 in 2011.

 

Palliser continues to possess a large heavy oil prospect inventory which currently stands at 140 locations, none of which are included in the 2012 independent Sproule reserve report. This inventory supports a multi-year drilling and re-activation program, and affords significant growth opportunities for future capital programs. We are continually working to expand our prospect inventory through organic growth as well as the acquisition market. Palliser successfully closed three strategic property acquisitions during the first quarter of 2013, and expects to continue to pursue additional acquisitions that align with our strategy.