GREY:SGLRF - Post by User
Comment by
borne2runon Mar 12, 2014 12:54pm
310 Views
Post# 22314158
RE:RE:Next quarter isn't likely to be any better
RE:RE:Next quarter isn't likely to be any betterCapharnaum, I believe that the 626 M figure is AFTER the deduction for debt. From the news release: - Present value of reserves at a 10 percent discount rate ("PV10") was $868.5 million on a 2P basis, $642.5 million on a TP basis and $555.8 million on a proved developed producing basis.
- Net asset value on a 2P basis is approximately $626.4 million or $4.89 per share.
2P reserve Value is 868.5M
Add other assets (e.g. production infrastructure), subtract debt, and you probably end up at 626.4M