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Gold/Mining/Energy : ATPG Shareholders -- Ignore unavailable to you. Want to Upgrade?

To: thatsnotluck who wrote (269)

9/1/2012 2:12:01 AM

From: Area51

2 Recommendations Read Replies (1) | Respond to of 3620

Yep. Slide 24 says ample liquidity and slide 25 is the one I cut and paste. The presentation is linked in the subject box for this thread (may have to unhide).

The 10K does say this:
Standardized Measure of Cash Flows

At December 31, 2011 our standardized measure of discounted future net cash flows was $3.5 billion. The present value of future net pre-tax cash flows attributable to estimated net proved reserves, discounted at 10% per annum, (“PV-10”) is a computation of the standardized measure of discounted future net cash flows on a pre-tax basis. The table below provides a reconciliation of PV-10 to the standardized measure of discounted future net cash flows at December 31, 2011. PV-10 may be considered a non-GAAP financial measure under the SEC’s regulations. PV-10 is computed on the same basis as the standardized measure of discounted future net cash flows but without deducting income taxes. We further believe investors and creditors may utilize our PV-10 as a basis for comparison of the relative size and value of our reserves to other companies. However, PV-10 is not a substitute for the standardized measure. Our PV-10 measure and the standardized measure of discounted future net cash flows (shown below in thousands) do not purport to present the fair value of our oil and natural gas reserves.


PV-10	$	4,200,877
Future income taxes, discounted at 10%		(669,953	)

Standardized measure of discounted future net cash flows	$	3,530,924