GREY:LSTMF - Post by User
Post by
kmappon Mar 06, 2015 7:17am
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Post# 23496445
2P reserve significantly exceeded our $1.9 billion EV
2P reserve significantly exceeded our $1.9 billion EVWill be interesting to see what other posts will say about this year end report. From what I read looks like LTS will surive, hopefully to be taken over at a good price. Wonder how the CC will go, I for one will be listening.
Our 2014 proved plus probable ("2P") year-end reserve value has a net present value (before tax and discounted at 10%) of $3.2 billion ($2.6 billion after tax) as determined by Sproule Associates Limited, which significantly exceeded our $1.9 billion enterprise value (total debt plus equity market value) at December 31, 2014.