Admiral Bay Resources Inc V.ADB

Interesting...

[cantkillme]

Doing some more work on SEDAR to trying and fit the puzzle pieces together here..in doing so ....found.some things that make you go HMMMMMMMMMM........

Got to be something in the works here...........


https://www.sedar.com/GetFile.do?lang=EN&docClass=8&issuerNo=00005758&fileName=/csfsprod/data105/filings/01551557/00000001/o%3A\CPU\2010\AdmiralBayResources\100325NR_sp.pdf

March 25, 2010....the company announces the negotiatioon of a potential third party involvement. But also states that if nothing can de done, then a sale of assets will happen (which we know was done).So did the potential JV partner say....get rid of the debt...then we talk ?

https://www.sedar.com/GetFile.do?lang=EN&docClass=8&issuerNo=00005758&fileName=/csfsprod/data102/filings/01511176/00000001/z%3A\EDF\3_COMPLETED\AdmiralBayResourcesInc\091202NR_cm.pdf

• Announces Production Increases 49%, Proved Reserves Increase 15%, Proved Finding
Cost of
.93/Mcf.
• Announces Sale of 50% Interest in Bourbon County, Kansas Gathering System
• Announces Amendment to Existing Credit Facility

https://www.sedar.com/GetFile.do?lang=EN&docClass=25&issuerNo=00005758&fileName=/csfsprod/data102/filings/01510564/00000001/o%3A\EDF\3_COMPLETED\AdmiralBayResourcesInc\090731AFS\51-101F2_mj.pdf

The company announces a "net present value" of current reserves being $136 million.

So what "IS" the net net value per share based on assets ? (break up calc.