Quattro Exploration and Production Ltd QEXXF

RE:RE:What's the board's thoughts on this?

[elgaveeno]

Sure. 

Sold 38 boed for $10,973/boe. The discussion of gain on sale is purely to inflate the number to something that would appear to be a signifigantly better metric. That's just annoying.

Just for kicks, if you applied a sale metric of all 1400 boe/d of production, you would get $15.3M.
You can use that number to look at enterprise value.

No mention of what they paid for the 10 boe/d. No mention of what liability they incurred whilst being very exact about how much of thier stated $25M in abandonment liability they reduced in the sale. Was it a wash?

Spending $250k to reactivate 2 wells. May add another 50 boe/d, for how long?

Assuming 10% annual decline, this is only 1/3 of the way staying flat. Not a very signifigant move at all.

CIBC has been autobot selling shares in units of 500 since the buy back plan was put in place. That means a good portion of the trade volume has been the corp itself. When that runs out, what happens?

Someone thought there might be results form the exploration well in Sask. The well is drilled and cased. No plans to complete, so no tangeable results. It was drilled to hold lands. There is no infratructure nearby. Any captital directed to this project would be a serious mistake.