Quattro Exploration and Production Ltd QEXXF

Comparison with AXL.T

[perdikaoilgas]

AXL.T (Anderson) produces 2,110 boepd (74% natural gas) pro forma the sold properties.
AXL.T has also 8.8 MMboe of 2P reserves (60% natural gas).

AXL.T has EV at C$140 million (including the working capital deficiency).

QXP is almost debt free, profitable, 1,600 boepd and 6.3 MMboe of 2P reserves, pro forma the two acquisitions.

QXP has EV at C$14 million currently at C$0.36 per share.

This is 1/10th of AXL's EV. Crazy, huh ?

Needless to mention that AXL has a ton of debt.
AXL's Q4 2013 report is out today:


https://finance.yahoo.com/news/anderson-energy-announces-2013-fourth-130000154.html

[rgishere79]

AXL has no debt. They paid it off by selling some of their assets.

[perdikaoilgas]

You are wrong. AXL paid off only the bank debt.  AXL has still ~90 million convertible notes and 9 million working capital deficiency according to the latest report. This totals ~100 million in net debt.