Thursday, August 14, 2008 2:58:40 PM
"Interesting balance sheet"
Balance sheet could improve soon?
I mean, what do I know, but what do you think about my secondary math which yielded the possibility of "Divide THAT into $6.25MM and you get over 69,000 bbls of gross production in 2Q".
OPUS' cut would not show up in the Q , right?
So , the oil/gas revs TIV showed , the ones they specifically said WERE from oil/gas only , would only be about 20% of the total revs , and the total revs could imply 69,000 BOE.
That's a lot of barrels, compared to where they've been in the past , an 'average' quarter has had 12,000 BOE reported to DOGGR if my memory is correct.
Still , amazing that they could grow production that much and still lose so much money. I think in the last Q's analysis I said something like "The harder we works the behinder we gets?"
If that sort of thing keeps up, going from 12K bbls/Q to 69K bbls/Q and lose more money ... it makes it hard to figure out what a real 'break-even' production number might be.
Oh well , it'll take somebody smarter than me to dissect and digest the Q and figure out exactly what it's saying.
jonesie
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
Balance sheet could improve soon?
I mean, what do I know, but what do you think about my secondary math which yielded the possibility of "Divide THAT into $6.25MM and you get over 69,000 bbls of gross production in 2Q".
OPUS' cut would not show up in the Q , right?
So , the oil/gas revs TIV showed , the ones they specifically said WERE from oil/gas only , would only be about 20% of the total revs , and the total revs could imply 69,000 BOE.
That's a lot of barrels, compared to where they've been in the past , an 'average' quarter has had 12,000 BOE reported to DOGGR if my memory is correct.
Still , amazing that they could grow production that much and still lose so much money. I think in the last Q's analysis I said something like "The harder we works the behinder we gets?"
If that sort of thing keeps up, going from 12K bbls/Q to 69K bbls/Q and lose more money ... it makes it hard to figure out what a real 'break-even' production number might be.
Oh well , it'll take somebody smarter than me to dissect and digest the Q and figure out exactly what it's saying.
jonesie
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
Yorkville / Cornell Tracking Board #board-9964
"I can think of no more valuable commodity than information"
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
