Gran Tierra Energy Ord Shs T.GTE

GTE NAV

[Druchii]

In the most recent presenatikon, NAV BT/share is $1.15 (1P) and  $3.25 (2P).  

Do these values factor in GTE's debt?  Or are they simply the value the asset in the group less the cost to extract them?

[downwithdotcom1]

..never will fall for NAV ever again..multiple O & G stocks pedal this but i learned the HARD-WAY it don't mean anything when it comes to such things as access to credit. My recent example "PONY" , kept selling 3P navs in their presentations north of $4-6 + and then sells itself to CNRL for what 69 cents??? GTE is the damning indictment of what happened in the US shale plays