Quattro Exploration and Production Ltd QEXXF

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

[elgaveeno]

 I am sure you looked at both tables closely, you need to know what you are looking for.

All the reserves of the corporation should be accounted for in the Oil and Gas Reserve Summary. You state that this summary excludes associated gas reserves (from oil production(1P=2454.7 and 2P 3578.3)). First, where did you get that data? Second those numbers explicitly should be inlcuded in the Associated and Non-Associated gas calculations of the 101F1, by law. 

At any rate at least you have agreed that the Reserve Summary is wrong.

Next, search the report for the following numbers: 259.3 and 1,168.4. Let me know where you find them. I find them in the Reserve Summary, and I find them in the Unit Value calculation.
Is that a coincidence? Nope.

Again, at least you agree that the Unit Value Calculation is wrong.

In summary, your associated gas numbers produced should be accounted for in the Reserve Summary. The Reserve Summary over inflates the net NGL numbers. Those NGL numbers get turned into gas value in the Unit summary which in turn inflates the $ value of the reserves. Neither managment, the board of directors, or their auditors noticed...yikes.