This is what investors need to look at
this company is solid financially with clean books which helps protect us on the downside
From Sedar:
ASSETS
Cash: $7.429 M
Prepaid Expenses: $1.301 M
Receivables: $559K
Equity Investments: $9.046M
Property & Equipment: $4.055M
Non Current Receivables: $619K
Total Assets: $23.009M
LIABILITIES
Payables: $4.530M
Loan From Kub Gas: $5.391M – From Subsidiary Company
Shareholder Loan: $2M – From CEO who owns 40% Of KUB Stock
Provisions: $523K
Total Liabilities: $12.444M
Earnings Between Q1-Q2
Revenue From Gas Trading: $7.454M
Revenue From Gas Sales: $126K
Net Income: $757K USD
Comprehensive Income: $1.936M
all this is also in USD - so book value should be apx .08 cents
add in the new wells and NRU - plus possible peace deal and the risk reward makes this a great entry at these levels