OTCPK:EDEYF - Post by User
Post by
Horn1369on Jun 04, 2014 6:12pm
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Post# 22631149
Current reserves alone are worth $0.79 a share
Current reserves alone are worth $0.79 a shareFor newly interested, I have got my shares at around $0.17 and will not be selling till at least $0.50. They can have over 100 more wells with around 100 boed or more. Here is the news release that talks about the value of their reserves.
"The value of Edge's Proved + Probable ("P+P") reserves increased by 44% to $129.0 million ($0.79/share), effective March 31 2014 from $89.4 million, one year earlier. The majority of growth came in the form of Proved reserve value (72% year-on-year growth) versus Probable reserve value (22% year-on-year growth)."
https://web.tmxmoney.com/article.php?newsid=67644602&qm_symbol=EDE