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geoscience2

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geoscience2

Re: jonesieatl post# 4328

Monday, 08/11/2008 1:02:14 PM

Monday, August 11, 2008 1:02:14 PM

Post# of 7284
In order to figure out the most important thing, which is to determine how many barrels of oil and Mcf's of gas were produced/sold during that time period, including their 8 confidential wells, we will need to take into consideration that oil prices rose about 30% (~$100-$145/barrel) and gas prices rose about 25% (~$10-$13.5/MMBTU) during that 3 month time span. Of course it has dropped off about quite a bit since July.

This will be a good exercise to see how much TIV increased their oil & gas production/sales during the 2nd quarter, which appears to be significant based on PR's and "talk" on the other board about huge increases in partners' ("Opus" members) monthly checks.

Geo


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