Waldron Energy Corporation Announces Engagement of Financial Advisor to Undertake Process to Dispose of Assets in Order to Unlock Shareholder Value - Seite 4
Note Regarding Non-GAAP Measures
Net debt, annualized cash flow and the other amounts set forth in this press release are not recognized measures under IFRS The Corporation's method of calculating these measures may differ from other entities and, accordingly, they may not be comparable to measures used by other entities. Such amounts have been calculated in the manner set forth above solely for the purposes of estimating the net asset value of the Corporation and should not be used for any other purpose or as an indication of the current or future financial performance of the Corporation. Readers are encouraged to refer to the Corporation's financial statements and associated Management's Discussion & Analysis filed on SEDAR for a discussion of such matters.
Note Regarding BOEs
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The term barrel of oil equivalent ("boe") may be misleading, particularly if used in isolation. A conversion ratio for gas of 6 mcf:1 boe is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Given that the value ratio based on the current price of crude oil as compared to natural gas is significantly different from the energy equivalency conversion ratio of 6:1, utilizing a conversion on a 6:1 basis is misleading as an indication of value.
Ernie Sapieha
President & CEO
esapieha@waldronenergy.ca
Waldron Energy Corporation
Jeff Kearl
VP Finance & CFO
jkearl@waldronenergy.ca
Waldron Energy Corporation
Murray Stodalka
Chief Operating Officer
mstodalka@waldronenergy.ca
www.waldronenergy.ca