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tr8dervic

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tr8dervic

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Re: hettygreen post# 465

Tuesday, 07/11/2006 10:55:07 AM

Tuesday, July 11, 2006 10:55:07 AM

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Q2/06 Net income might be 5 mil+ or 12 mil+ depending on how HEC accounts for the deconsolidation of Global (GED).

HEC revenues from Gulf Energy Mgmt (GEM) should be about 5.5 to 6 mil and net income from operations about 1.5 to 2 mil. GED will be minimum 3 mil on top of that.

Main Pass 35 is pumping a lot more oil starting in April and will help offset lower natgas prices elsewhere.

Vic
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