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Posted On: 06/15/2020 8:14:46 AM
Post# of 42647
$AREXQ DD $22,000,000 Cash Settlement from Alpine Energy Acquisitions
Over $1 Billion in Assets vs $515 Million Liabilities
All that vs $600,000 a Market Cap
Still Producing $20m in Revenue per month
Oil reserves are massive, Enterprise value $427 MM1
High-quality reserve base
•180.1 MMBoe proved reserves2
•60% liquids, 29% oil
•$761.8 MM proved PV-10 (non-GAAP)
93m O/S
40m Float
Over $1 Billion in Assets vs $515 Million Liabilities
All that vs $600,000 a Market Cap
Still Producing $20m in Revenue per month
Oil reserves are massive, Enterprise value $427 MM1
High-quality reserve base
•180.1 MMBoe proved reserves2
•60% liquids, 29% oil
•$761.8 MM proved PV-10 (non-GAAP)
93m O/S
40m Float
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