MEXCO ENERGY CORP

NYSE:MXC · 2 story beats from 2003 to 2018

What it holds, and what it is worth

Company total (as reported)Estimate

1mmbbl oil

reserve · P90 0.659 / P50 0.659 / P10 0.659

Valued at: MEXCO ENERGY CORP 100%

Assume farm-out, keeps%Phase

3 notes for review

company-reported total: valued at 100% (SEC reserves are already net to the company)
liquids: no best estimate stated; P50 taken as 0.659 from the low case
liquids: high case not stated; set equal to P50

Potential resourceP50Geological probability50%Development chance50%

50%

Probability of

mmbbl

100.0%

Value retained

$2,636,000.00

AUD

Leverage per instrument

Include cash & other assets

NYSE:MXC

$10.30 → $0.91

The story so far

The events that changed the company's story, in plain English, each written against everything known about the company at the time. The dot shows whether it was good, bad or neutral for shareholders.

shares on issue market cap (log scale)

20182.0m shares · US$5.7m market cap

31 Dec
Mexco signed a new $1,000,000 credit facility with West Texas National Bank (prime plus 0.5%, maturing December 28, 2021) and used company funds to repay and end its December 2008 Bank of America loan, with no early termination fees. The new loan is secured by the stock of its subsidiaries and substantially all of its oil and gas properties, bars cash dividends without the bank's written permission and does not allow hedging; nothing is currently borrowed.
debt financing
2.0m shUS$5.7m

2003

9 Sept
the American Stock Exchange certified MEXCO ENERGY CORP's securities for listing, clearing them to begin trading.
listing compliance notice