OTCPK:VREYD - Post by User
Post by
cohoeon Sep 18, 2013 4:52pm
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Post# 21749669
Tog Tax Pools Sept.2012-440 million.
Tog Tax Pools Sept.2012-440 million. Tax pools Sept.2013,One Billion plus Dollars. These tax pools can be used by Tog to minimize the taxes that TOG has to pay to the Canadian Revenue Agency and the monies saved can be converted into free cash flow with in the company.
Tax Pools(2)
>$440 million
Notes:
(1) Company gross reserves being New TORC's working interest share before deduction of royalties and without including any royalty interests of New TORC. Based on the respective independent reserve reports of Vero and TORC, each prepared by Sproule Associates Limited and each