RE:Non-core property divestiture If Management has read the room they will return the money to shareholder via debt pay down or an NCIB...no more drilling and acquisitions until debt way down and buybacks starting!!!
shareholders have suffered long enough with a stock price still below multi year highs compared to others.
GLTA
red2000 wrote: Interesting !!!
https://boereport.com/2022/06/07/surge-energy-inc-non-core-property-divestiture/
The Sproule Report is effective December 31, 2021 using Sproule’s December 31, 2021 forecast pricing. Sproule estimates that, as of December 31, 2021, the Properties contained remaining proved plus probable reserves of 8.7 Bcf of natural gas and 2.8 million barrels of oil and natural gas liquids (4.3 million boe), with an estimated net present value of $48.1 million using forecast pricing at a 10% discount.
May use the cash for more CAPEX or made a new acquisition !!?
Any suggestions !!?