re: $1.07 or is it $0.03 cent's Dingo,
Found out the answer to your question on where the $0.03 comes from. Under accounting standards oil companies are not allowed to present the value of their reserves directly on their balance sheets. Instead they have to disclose this seperately. For example the SEC in the US requires that this is done on a FAS 69.
Therefore the 0.03 is the value of their non-E&P assets. Valuation of E&P assets will have to be provided in their next audited annual report.
NEO
nuenco nl
re: $1.07 or is it $0.03 cent's Dingo,Found out the answer to...
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)