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Re: Fishforbreakfast post# 16557

Tuesday, 01/09/2007 2:53:41 PM

Tuesday, January 09, 2007 2:53:41 PM

Post# of 44006
If so

where's all that revenue for the last fiscal year?

Go back and review TRRC site and you can see the quantities of gas produced. Use your figures to extrapolate out the dollars that should have been received in revenue by the investees and then look at the gross revenues listed in the company filings. Where's the cash from all that gas production?

If you are right, the only explanation is that the vast majority of the production has been sold to the limited partners. If I'm right, the numbers look closer to reality.

Perhaps this might clear things up

http://www.bloomberg.com/markets/commodities/cfutures.html
NATURAL GAS FUTR ($/MMBtu) 6.552 0.174 02.73 13:24

Notice the MMBtu vs MCF. I think that your conversion is messed up, but what do I know?

Mongrel

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