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Arcan Resources Ltd ARNBF

Energy Oil & Gas E&P


OTCPK:ARNBF - Post by User

Arcan Resources Ltd > In case anyone missed my work
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Comment by good40on Dec 15, 2011 1:42pm
154 Views
Post# 19325772

RE: In case anyone missed my work

RE: In case anyone missed my workIt is well known in the industry oilman,  NAV based on discounted future net revenue has no bearing,  nor does it support current share price.  It does not represent fair value.  If they can't increase production enough to sustain itself,  then
reserves have no value whatsoever.  Why are you dismissing the article below,  from the Alberta Securities Commission ?

 

5.6 Future Net Revenue Not Fair Market Value - Disclosure of an estimate of future net

revenue, whether calculated without discount or using a discount rate, must include a

statement to the effect that the estimated values disclosed do not represent fair market

value.



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