GEH, Contractor, or anyone, would you please clear up a few areas regarding reporting, revenue recognition, drilling, etc...
First, will AMEP be reporting 1st Qtr financials May 15th? This will mark the last reporting period for the BDC standards. Is this the milestone the lawyers wanted to pass before allowing PRs? Do you expect any surprises since we post the major profit in December?
Are we still expecting a formal release to be posted by the SEC based on AMEP's filing April 3rd? If so, how long does that take? Is this another legal milestone?
Regarding drilling and revenue recognition, we announced Padgett #11 in September 2006 and in a discussion with Joe, he indicated that it was on line? What happened to all the oil and gas revenues generated by #11 during the stabilization period? Was it ever counted in the numbers? Is it on line or is it capped and why would we do that other than not to expose its capacity? When do that have to post the well capacity on the TRRC and when does it become official?
Thanks in advance for any assistance or thoughts in answering these questions.
