KFG Resources Ltd. (KFG)

[JonnyRBuck12]

KFG NAV(Net Asset Value for 2013)

Total Assets: $3,017,302
Total Liabilities: $879,582
Oil Reserve Value: $ $8,599,000(No Discount)

$3,017,302(assets) - $879,582(liabilities) = $2,137,720(equity)

$2,137,720(equity) + $8,599,000(reserve value) = $10,736,720

$10,736,720(total assets) / 50,584,144(shares) = $0.2122 or $0.21c NAV

KFG has no warrants or options, therefore only common shares used. But this year KFG's NAV has already gone up given the 4 wells that paid out and the Craig 3 production + oil reservoir discovery.