Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: The Fix who wrote (8061)	3/27/2001 10:39:06 PM
From: teevee	Read Replies (1) \| Respond to of 24892

Fixer, Take a look at the last PEY.V news release. Its at about $2.90 and NAV at a 10% discount is $7.27. Here is a snippet from the release: .......Proven developed reserves at year-end increased to 7.7 million boe at a finding and development cost of $7.22 per boe. Peyto achieved a recycle ratio of 6:1 and a replacement ratio of 18:1 for its proven developed reserves. Proven developed reserves had a 16-year reserve life based on fourth quarter average production. Proven plus probable additional reserves increased to 17.6 million boe at a finding and development cost of $3.38 per boe. The net present value of Peyto's proven plus probable additional petroleum and natural gas assets increased 449 per cent from $52,672,000 in 1999 to $289,226,000 or $7.27 per share (discounted at 10 per cent) in 2000.