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tmcal6

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tmcal6

Re: arnie70 post# 5093

Thursday, 06/25/2009 9:21:31 PM

Thursday, June 25, 2009 9:21:31 PM

Post# of 17739
IAE.v/IACAF

Arnie, you are correct, the company should be a cash cow. I think they won't be up to full potential until next quarter, but this 2nd Q should be nicely profitable, and the potential after that is huge. They could conservatively produce 7,000 boepd at $60/barrel and produce $12.6 million cash flow per month, or $37.8MM/Quarter. If they only bring $20 million/quarter to the bottomline, that will be about $.12/quarter.

I look forward to the next report. Thanks for posting the current report.

tmcal6
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