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Carcetti Capital Corp V.CART.H

Alternate Symbol(s):  TPNEF

Energy Oil & Gas E&P
Carcetti Capital Corp. is a Canada-based company. The Company is focused on seeking a new business opportunity.


TSXV:CART.H - Post by User

Carcetti Capital Corp > Hidden Assets
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Comment by Roddiggition Nov 21, 2020 4:45pm
163 Views
Post# 31947578

RE:RE:RE:Hidden Assets

RE:RE:RE:Hidden Assets Dragoon, you are correct. When a mineral asset isn't in use, or in this case a "non productive petroleum asset", the company will usually write this off. If that asset is to go back into production, then the asset can be added back to the balance sheet, or a portion of it anyway. But the reserves are still there and the company has a lot of natural gas that they can produce. 
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