Quattro Exploration and Production Ltd QEXXF

RE:RE:RE:RE:RE:this is real

[elgaveeno]

The table does not go around, and I fear you don't have the ablilty to calculate that, so I will try to help you out. The Oil and Gas Reserve Summary is intended to show the total reserves for the company broken down into categories. All those reserves, broken out (7 catagories gross and net)), should then be reflected in the Unit Value of Net Reserves by Prodction Group table. Lets go to that table. How many categories do you see? I see 4. Now that would make sense because 3 of the 7 reserve categories have zero reserves. No sense in listing a value in the Unit Value table to soemthing that has zero reserves, right? Well why is Coalbed Methane there? What happened to the NGL catagory? So there is value in 4 of 7 catagories, but is is essentially only 3 of 7 since CBM is zero. Which catagory has more in  the Unit Value table than the Reserves table? It's the Light and Medium Crude Oil. What type of reserves are "extra" in that catagory? Gas reserves. What numbers do they "look" like from the reserves? Well the PDNP and PUD numbers are exactly the same as the NGL Mmstb numbers. That's odd. Do those extra gas reserves get added into the BOE's for Unit Value? Yes they do.  What does the NPV10 number add up to? $54,9M. Did Deloittes sign off on that number? Yes. Is that number correct? No. So how big is the error? Looks like around $9.3M. Should anyone be concerned about that? Nawww. What you don't know won't hurt you.