These exclude any consideration or value for RK Reserves.....This asset have been detailed in the range of their asset value earlier .
But, to get back to the balance sheet at exit Q3 of 2021 and how that will change due to free cash flows in Q4. Balance Sheet Estimates
As of Sept 30/21, there was $10.99 m US in liabilities.
Kub received $10.9 million US for sale of Eastern Uk assets.
This basically removes all liabilities from the balance sheet.
There were $12.2 m US in assets mostly cash .
Remove $3.7 m US for Eastern Assets that were sold, leaving about $8.5 million US as the net assets at Sept/31/21 .
Add 0.9 million US for sale of CLB assets.
Add $300,000 US for final dividend from Eastern Asssets.
So, we would have about $9.7 million US = $11.5 million CAD to which we must add free cash flows from Q4.
These have been estimated by me in an earlier post to be $1.42 million US,( $1.8 million cad ) assuming the same production ( 93 boepd ) as Q3
So, at exit Dec of 2021, the balance sheet ...almost all cash .. will be about $13 million or so in cad ( $11.5 m + $1.8 m ) ...$0.04 per share.
Q1 of 2022 will also produce strong free cash flows which I estimate to add about $800,000 US to the balance sheet, again assuming constant RK gas production .
That is, at exit March of 2022, the balance sheet will hold between $14 million and $15 million cad in cash which is close to 5 cents cad per share.
The reserves of RK aspreviously estimated..will add to the balance sheet cash.
Maybe in total $0.08 - $0.14 per share or so in hard cash .