I think they are conservative. I talked with CFO a couple of months ago and mentioned my estimate for q3 of .069 and he thought that was high. They came in at .07.
Production has been stated at 1100+100 behind the pipe at 11/05. Revs can't change that much unless they shut in wells. This is still very cheap. Reserves and inventory of future drilling sites are probably the weak spots but cashflow/share price is exceptionally cheap and going to get much cheaper after q4 numbers come out. Bobwins
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