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Quattro Exploration and Production Ltd QEXXF

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

Comment by rizacon May 19, 2014 3:53pm
150 Views
Post# 22575924

RE:RE:RE:RE:this is real

RE:RE:RE:RE:this is real
After reviewing the F1. I conclude that the NGL number is in the wrong units and probably rounded up. It's a typo in populating the table. These tables are generated by computers and there must have been a glitch. It doesn't effect anything else. The second table illustrates this fact. In addition, be aware there is a situation where the Net numbers do increase. This is where Gross Overrides (GOR) are added in. As for your comment on NGL's in mbbls and then back to gas (mmscf). This did not happen and is incorrect. In this table the various products are broken out. You must be mindful that you were referring to the booked gas associated with the oil reserves only. It's important to note "Associated Gas" (associated with the oil production) and "Non Associated gas" or gas pools, are both reserves and accounted for separately in this table and all the totals go around except for the typo in the previous table you mentioned. Happy Investing!
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