RE: RE: Net asset value NAV at present Alberta prices for oil and gas is probably down to the $10 - 11 range, but, as noted previously, if the cash flow for 2012 falls to the 80-85 million range, this means PCE is approaching a CF/Share ratio of 1:1. PCE is extremely oversold on both counts, IMHO. The insurance cost of the leak will be ?$100,000 deductable, and there was no loss of production. The company is in very stable financial shape with ?90,000,000 remaining on their credit line, though they are prudently keeping expenses in line with cash flow. Bad press in very bad times for a junior in this space spells a substantial sp decline, as we have seen, and equals a buy in my books. This really does remind me of spring 2009. WKH