Currently 284 million shares, approx.
Carried Cash $1.6 Million.
Cash from sale Yellow rose /Blue Bonnett. $152Million
Less buyback so far 15M shares cost $6 Million. (Will be around $10Million when buyback complete, also only 275M shares on register.)Using $10 Million cost for buyback.
Balance now $ 143.6Million.
Administration for this quarter approx $3.6 million including sale process fees.
Balance now $140.0 Million.
Now pay attention. OK. Have a cuppa and keep up.
Add Petrohawk term assignment of 50% of 8938 acres valued at the per acre sale price of Yellow Rose/ Blue Bonnett of$8628 /acre . Is $ 38.5 Million.
Balance now $178.5 Million.
Take sip.
Oyster Creek value at a very conservative guess $2 Million.
Balance now 180.5Million.
Another sip maybe two.
Most likely no tax to be paid on sale of YR/BB.
Big slurp.
Balance prior to next aquisitions is. $180.5 Million.
Number of shares now 284 Million.
$180.5Million dividedby 284M shares is 63.5 cents per share.
A most conservative valuation.
Finish your cuppa. Thanks.
Was that easier than reading brokers valuation?
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