Tuesday, June 18, 2013

Notes From A Different Planet, Page 5

Click here for page 1

June 15, 2013: an enquiring mind is wondering about an "entry referring to non-cash charges for 'impairment' to its proven and unproven properties." That's a great question. A definition can be found here.  My hunch: Magnum Hunter lowered the value of some of its property. For example, Magnum Hunter could have been carrying $5,000/acre for some of its acreage, but now realizes it may be worth closer to $3,000/acre.

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