Chinook Energy Inc. Common CNKEF

RE:RE:RE:RE:RE:CKE's operating cost per boe proforma CRAFT & facts

[auburn2]

PPY got $1.3b of NPV10 2P and took over $47m of debt for $276m of stock. This would translate to EV/$2P of $0.21.

auburn2 wrote:

Just had a look at UGR:

"Proven plus probable (2P) reserves of approximately 2.0 trillion cubic feet equivalent (325.1 million boe) with a 2P before-tax net present value at Dec. 31, 2016, discounted at 10 per cent (NPV10) of $1.3-billion per UGR's independent third party qualified reserves evaluator McDaniel & Associates Consultants Ltd.;"

CKE doesn't come close. I really don't appreciate disingenuous analysis.

Also: "Includes UGR-owned and third party firm processing capacity of 155 million cubic feet per day, approximately 105 million cubic feet per day of which are currently unutilized by UGR;"

"2P RLI (4):  more than 100 years"
 

PPY got a good deal. Who is going to take CKE out of its misery?