the value of an asset in a balance sheet ,after depreciation may differ significantly from its market value. with the price of ng the book value of sng is quite low and it will not change until development and production can be done at a reasonable profit
Can someone please explain how they can loose in Q4 $36 mil on sales of $9 mil? Was there a writedown of assets? I did not see it in the report. Maybe that will explain our question about where did all the cash from the T&T sale go.