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Re: oilspec post# 43277

Thursday, 03/27/2008 12:35:40 AM

Thursday, March 27, 2008 12:35:40 AM

Post# of 46027
Can someone find out if restricted stock is used in the calculation of book value for earnings per share purposes. Any accountants out there? I think the net income will come around $7 million instead of $5.6 million for the fiscal year ended 3/31/08. We do not have a good O/S count to work with in determining EPS.
Is anyone out there familiar with daily allowable production regulations in the Saratov region? In Texas, its relatively easy for us to be granted an increase in the daily allowable production for a field once a new well is drilled and production has stabilized. The same should probably apply to the two new Shalinsky wells.