Escalera Resources Co. (fka ESCRQ)

[CalderQuacks]

ESCR DD for new investors,VALUE estimations.

Most of this DD provided by user Ash111 with updates by me:

ESCR's value is $33.3MM per previous 10Q (Market Cap is only $400K):
Total liabilities (including St+Lt are $67MM). actually the balance sheet very solid due to Total Assets/Debt ratio way over 1. $97MM-$67MM= $30MM Net Assets. + about $3.3MM in Cash.

$30MM Net assets/14MM o/s= $2+ PPS!.

"LIABILITIES, PREFERRED STOCK AND STOCKHOLDERS' EQUITY" "about the same as a year ago.even lower!!
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=10863878

TOTAL ASSETS $ 97,710
TOTAL LIABILITIES 67,708

it means,NET ASSETS = $30MM
Cash and cash equivalents $ 3,385

3. 10k: ESCR's proved reserves- net cash flows $ 90,112(in millions),December 31, 2014
Based on Total proved reserves 246,570 - oil
Total proved reserves 85,846,208 - Natural Gas

"We engaged an independent petroleum engineering firm, Netherland, Sewell & Associates, Inc. (“NSAI”) to prepare our
reserve estimates at December 31, 2014, 2013 and 2012. NSAI is a worldwide leader in petroleum property analysis for
industry and financial organizations, and government agencies"

"As of December 31, 2014, it had estimated proved reserves of 85.8 billion cubic feet of natural gas and 247 thousand barrels of oil; owned interests in approximately 1,200 producing wells; and had an acreage position of 112,219 net acres in natural gas prone basins primarily located in the Rocky Mountains".

Just for Comparison:
Warren market cap is $42MM and they have only $4MM more in cash. ESCR market cap is only $430k!!!!. "Warren’s cash flow from operations in the second quarter of 2015 was $7.0 million"..

the SS much better, 14MM o/s(ESCR) vs 81MM for $WRES