RE:RE:RE:RE:RE:RE:RE:RE:Guys....Sorry TYPO. corrected:
Also even more salt in the wound, LXE got paid for their NAV. They essentially got just below their NAV based on 10% discounted proved and probable. BTW for YGR the NAV based on 10% NAV proved and probable is $13.86 per share using the same metric. (this includes debt) From their EOY financials: LXE:
Pre-tax net present value ("NPV") of proved & probable reserves discounted at 10%:
393,860
Undeveloped land (1)
104,000
Working capital
30,315
Net asset value
528,175 - not far from what they got paid
Shares outstanding (basic)
247,822
Net asset value per share
$ 2.13
Yangarra:
Net Asset Value ("NAV")
| As at December 31, 2021 | PDP | Total Proved | Proved +
Probable |
| | | | |
| Present Value Reserves, before tax (discounted at 10%) | 345.1 | 1037.1 | 1,506.1 |
| Total Net Debt ($ million) (unaudited) | (197.0) | (197.0) | (197.0) |
| Proceeds from the exercise of options (2) | 7.1 | 7.1 | 7.1 |
| Net Asset Value | 155.2 | 847.2 | 1,316.2 |
| | | | |
| Fully diluted common shares outstanding (million) | 94.9 | 94.9 | 94.9 |
| Net asset value per share | $1.63 | $8.92 | $13.86 |