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Quattro Exploration and Production Ltd QEXXF

Energy Oil & Gas E&P
Quattro Exploration and Production Ltd are principally engaged in the business of exploration and development of oil and natural gas reserves in Western Canada and Central America.


GREY:QEXXF - Post by User

Quattro Exploration and Production Ltd > this is real
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Comment by elgaveenoon May 15, 2014 4:53pm
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Post# 22567238

RE:this is real

RE:this is realMath in thier 51-101 is wrong. Reserves are based on wrong bookings. Do your homework. Go to Sedar and look at the 101F1.
Reserves are overstated by more than 17%. Read page 10,  NGL #s are all wrong, then get booked into Oil catagory on page 11. Over $9.3M in value goes away. 208 active wells. Very sloppy and suprising that no one caught it.
77% weighted to gas. No inclusion of F&D into thier corporate netback of $6.51 per bbl. F&D for oil will be at least $20/bbl so there is no way you can recycle cash from current operations to pay for future drilling.  I am out.
I'm sure someone can give their IR guy a shout to discuss the signifigant error in thier "audited" results.
If you are in the money...

  

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