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UIC Jeff

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UIC Jeff

Re: None

Wednesday, 11/13/2013 1:10:24 PM

Wednesday, November 13, 2013 1:10:24 PM

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TGA Q3 Earnings out. $9.00 up .42 so far today...

TGA Q3 Report

Highlights:
- Total production averaged 18,197 Bopd in Q3 slightly down from Q2.
- Total Cash flow down slightly
- Two new discoveries including oil at Block 32 in Yemen
- Net earnings per share up .06 cents
- The Company is analyzing the possibility of beginning either a modest dividend program or a share buy-back program.

I haven't listen to the CC yet. And the announcement does not have 2014 production guidance. But acreage and exploration is increasing. Ross's willingness to return cash to the shareholders seems to be a really positive statement.

Holding long in 2014.

Thoughts?
Best Regards,
Jeff

"Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. " -- Gordon Gekko/

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