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Ed Ajootian

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Ed Ajootian

Re: Rawnoc post# 584

Tuesday, 11/08/2011 6:41:41 PM

Tuesday, November 08, 2011 6:41:41 PM

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Rawnoc, after backing out the $7.7M gain on debt payoff plus the $3.8M of exploration expense for the dry hole, they actually made a little money. Imperial Capital was calling for $21M of revenue and a loss of $.03 per share. Production came it a little light to Imperial's call for 2,833 boepd, but I'm not surprised given the tropical storm that ripped through there in August.

Imperial had pegged their 4Q production at 4,000 boepd and I still think they have an excellent shot at hitting that, especially given the latest ops update.
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