Carcetti Capital Corp V.CART.H

Remaining Debt - Net Value Speculation

[RAW123]

There are still 2 line items on the balance sheet that reflect debt to the company based on their last quarterly filing:

a) Shareholder Loan  $925,000 USD
b) Bank Loan               $668,000 USD

Total                              $1,593,000 USD

This amount can be easily paid off now with cash on hand.

Adding up the current assets,including an old reserve report that values the RK field @ $3.75MM USD, which doesn't reflect the current prices of the commodity and places $0 value for Stanisvke, I end up with a minimum of $0.0387 per share, almost a double from here, not including whatever increase from the assignred current value of both RF and Stanisvke blocks yield.

My sense is that the estate managing the majority share of Pelicourt hence CUB is not interested in continuing in this business and would rather cash out, as evidenced from the 2 previous transactions that have recently closed.

R!

[nozzpack]

Thank you. I stand by my statistics that debt has been extirpated. Can u provide me with a link to old RK reserves

[RAW123]

NP...as requested. On Page 10 of the latest quaterly Q3 2021 MD&A filing under Liquidity , Capital Resources and Financings, it clearly spells out the remaining debt (Bank Loan, Pelicourt) in the company. Again, the Cash reserves are more than sufficient now to cover it, and should this amount will be eliminated shortly if not by the next filing, so this is no longer an issue. https://www

[nozzpack]

Thank you. There are 5 wells in RK, three of which were newly drilled before they shut the field down in early 2016. So, I don't think those three new wells were produced for very long because of the very high royalties. Those three new wells tested between 2.5 to 3.0 MMcfpd or about 450 boepd each. They would produce at less than that, say 200  boepd . Thats total production of  

[RAW123]

Agreed.... With the closing of the KUB-GAS transaction, Net Present Value for the company should conservatively range between $0.06 - $.08 per share. I believe the current unstable political climate, the previous debt situation that cast doubt on its ability to continue as a going concern, and a lack of clear direction as to where the company is going is significantly holding back the current

[nozzpack]

Thank you. That approximates my estimates including RK and Stamiskve. This is like shooting dead fish in a barrel...

[nozzpack]

I was pretty close at 300,000 boe. Actual is 451,000 boe. Here is where it gets interesting. Lets say they use gas price @ $7 US per MMcf which is $42 US per boe. Undiscounted value is about $19 US million. The RK field is just 2000 acres but Staniske is 31,000 acres. I hope we get bought out, as western Ukraine has very high prospectivity for gas.

[Cross19]

You can certainly stand by your statistics taht the debt has been extirpated, but it does not make it more right. The post stating the numbers about the bank loan and the Pelicourt debt still oustanding is the one that is accurate. They could have used the money from the transaction to reimburse that debt (they could, but there is no proof they did), but that would reduce your calculation of the