Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Twin Butte Energy Ltd TBTEF

Twin Butte Energy Ltd is an oil and natural gas exploration, development and production company with properties located in Western Canada. The firm's operational assets have been sold to West Lake Energy Corp.


GREY:TBTEF - Post by User

Bullboard Posts
Comment by Oldfart74on Apr 01, 2017 3:56pm
106 Views
Post# 26063322

RE:RE:Re: Canadian development expense...

RE:RE:Re: Canadian development expense...
Expertchoc wrote: In the last balance sheet as at june 30, the book value of the property and equipment was 307 millions and deficit was 918 millions. According to 69(1)  Act, the price of disposition is equal to the purchase price, however, the difference between fair value and the purchase price increased the loss of Twin Butte before the winding-up. At the accounting level, this deficit became 918 millions added with the last amount. A quick assessment for the all cumulative resource tax accounts should be very important, so important to the point that the buyer would like to treat after all the assets are being emerged.

Why do you continue to post accounting numbers when the actual tax pool balances are included in the sales package?  Surely those are the only numbers one should consider when evaluating the company.
Bullboard Posts