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Lone Pine Resources Inc. Message Board

  • wolf_z2012 wolf_z2012 May 7, 2013 10:25 AM Flag

    Raymond James

    Our sum of the parts NAV is summarized below – at this point, we have not ascribed
    value for the Utica shale land in Quebec given the provincial limitations on hydraulic
    fracturing. We are also not carrying any value for the undeveloped acreage in the Liard
    Basin, while the gas potential could be significant long-term, the company is still waiting
    for approval from the NEB to extend the lease on the acreage for 21 years. Otherwise,
    there is a good chance that the land would expire and go back to the crown before LPR
    has a chance to develop it. With the approval, this part of our NAV calculation could be

    Sentiment: Strong Buy

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