Kolibri Global Energy Inc BNKPF

BNK Petroleum Inc. Announces Annual 2017 Financial Results

[mulliganforlife]

https://seekingalpha.com/pr/17106223-bnk-petroleum-inc-announces-annual-2017-financial-results

[himmler]

Well, 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

[BrokerG]

Overall positive. To answer himmler's question- They used cash to fund three wells along with $5 million in borrowing. Capital expenditures for 2017 were 19.2 million- therefore, they used $10million of cash, $5 million of line of credit and the rest from cash flow. Cash flow and senior debt will now have to finance any new wells. The netbacks were also positive at over $29.00 [ including

[b2e2r2n2]

Price increasing nicely with good volumes. Perhaps we will see that $1.11 valuation Broker suggested sooner than later.