GREY:BNKPF - Post by User
Comment by
himmleron Mar 20, 2018 8:57am
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Post# 27744995
RE:BNK Petroleum Inc. Announces Annual 2017 Financial Results
RE:BNK Petroleum Inc. Announces Annual 2017 Financial ResultsWell, I'm no accountant ,but from what I see,the loss is steadily decreasing.And that is the best news I've seen in a long time.As an investor in a small oico,a loss is expected,but $2 miilion is peanuts.The output may not be impressive to some,however the data doesnt include the updates to come .Furthermore BKX's property is steadily showing value as the wells are producing rather well..(pardon the pun).
The other noteworthy mention is the lack of share split talk...however,could someone clarify one aspect of the financial report that coiuld be viewed as negative..
That is, the working capital from 2016 is.. $10,640k and in 2017 it fell to - 537k..that means they are now working on only borrowed money?..as I said..I'm no accountant