Value Microcaps Junior Energy

[farwest]

Cl001 - SRB has been analyzed - repeatedly - over the years on the CEN IV board (easily the most-informed board around). And CEN does give guidance on both cash flow and provides sample SRB calculations right in their presentation.

POE's SRB terms are different than CEN's - POE has lower drilling allowance offsets and thus lower threshold for SRB to kick in. That said, POE has only been paying ~30% taxes in recent years as they've maintained fairly aggressive drill campaign.

Net effect of SRB on CEN for the next several years while capex spend remains high (and likely to head higher) is minimal.