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Timothy Smith

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Timothy Smith

Re: Ichauway post# 11

Sunday, 08/12/2012 3:23:17 PM

Sunday, August 12, 2012 3:23:17 PM

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Rosetta's second-quarter report boasted a 25% year-over-year increase in total production, led by a 61% increase in liquids production.

This was a 6% increase over the prior quarter's production in the Eagle Ford shale, which drives 96% of Rosetta's total production; however, it was a 1% decrease from the prior quarter's total production due to a sale of natural gas assets (part of Rosetta's long-term strategy).

Net income per share was triple that of the second quarter of 2011, although a large portion was a gain from hedging, which doesn't count towards adjusted net income. Revenues were 77% higher than in the second quarter of 2011.

"My well came in big, so big, Bick and there's more down there and there's bigger wells. I'm rich, Bick. I'm a rich 'un. I'm a rich boy." - Jett Rink

Don't believe anything I say. Do your own DD. Insert huge disclaimer here ____________.

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