Carcetti Capital Corp V.CART.H

RE:Updated cash Position Subsequent to close out

[nozzpack]

It's pretty certain that the RK assets will be sold too.
I have given them just a value of $5 million US.

The three wells drilled previous to 2015 but barely produced totalled about 7.5MMcfpd which is over 1000 boepd combined.

These are cheap shallow wells with high flush production rates which quickly pay for themselves.

So, I think that $10 million including the two gas turbines would be reasonable.
Nafta probably the buyer.

So, perhaps 9 cents per share topside.