Management is pleased to announce, that Book value per share (BVPS) the ratio of equity available to common shareholders divided by the number of outstanding shares has increased by 15 % from the last quarter. This figure represents the minimum value of a company’s equity and measures the book value of a firm on a per-share basis. As of June 30, 2022, the company had proved reserves of 9.1 million barrels of oil equivalent (BOE) (84% oil) with a PV10 value of $58.8 million based on SEC pricing, according to our internal reserve report completed and finished on June 2022.
In addition, a review of the companys unaudited second-quarter report for the year 2022 for the end of June 30, (filed early) reflects that the Company reported total assets of $52,508,778. The company’s recent activities contributed to the optimization and improvement of the company’s overall value to create further revenue income, in our properties located in Beaver, Canadian, and Creek counties in Oklahoma to optimize our existent oil & gas production to the maximum levels.
Our plan for Q3 and Q4 of this year 2022, focuses on our properties located in the Anadarko Basin, additional field services will be needed it to increase the daily oil and gas production to further revenue income. The Company is completing soon a debt bond financing of approximately $5 million to maximize additional operations and new acquisitions, in supporting Church & Crawfords core business.
Our objective is to maximize our reserve assets to maximize our shareholder value.
Legal Notice Regarding Forward-Looking Statements:
This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those sections. About Church & Crawford Inc. Headquartered in Houston, Texas, Church & Crawford Corporation is a public traded company (CCWF). Church & Crawford Inc is an independent oil and gas company. The company is acquiring oil and gas leases, producing properties, mineral rights, and surface interests. Once acquired, the company intends to develop each property to maximize the income from each property by refurbishing and improving the existing production. Forward-Looking Statements: can give no assurance that such expectations will prove to be correct. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. Factors that could cause the companys actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to: The success of the companys exploration and development efforts; the price of oil, gas, and other produced gasses and liquids; the worldwide economic situation; changes in interest rates or inflation; the ability of the company to transport gas, oil, and other products; the ability of the company to raise additional capital, as it may be affected by current conditions in the stock market and competition in the oil and gas industry for risk capital; the companys capital costs, which may be affected by delays or cost overruns; cost of production; environmental and other regulations, as the same presently exist or may later be amended and the companys ability to identify, finance and integrate any future acquisitions. You are urged to carefully review and consider the cautionary statements and other disclosures. Forward-looking statements speak only as of the date of the document in which they are contained, and Church & Crawford does not undertake any duty to update any forward-looking statements except as may be required by law. The statements which are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties, including but not limited to, the effect of economic conditions, the impact of competition, the results of financing efforts, changes in consumers’ preferences and trends. The words “estimate,” “possible,” and “seeking” and similar expressions identify forward-looking statements, which speak only to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events, or otherwise. Future events and actual results may differ materially from those set forth herein, contemplated by, or underlying the forward-looking statements. 2022 Church & Crawford Inc. The information herein is subject to change without notice. Church & Crawford Inc shall not be liable for technical or editorial errors or omissions contained herein.
Shareholder inquiries:
info@Church-Crawford.com
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