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Re: Bobwins post# 9823

Wednesday, 11/30/2011 1:07:23 PM

Wednesday, November 30, 2011 1:07:23 PM

Post# of 17741
SARA, Bobwins, wondering how you came up with your back of the napkin earning estimate for Q4 of 36c. I agree with you on the rev est of $29 mil. I estimate $20 mil in operating expenses (assuming no more dry wells need to be written off). But then there will be about $4+ million in interest expense off of that, leaving $5 mil in net income, or about 19c eps.

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