Replies to post #770 on Saratoga Resources, Inc. (fka SARA)

[iambadbert]

I have not had the time to read the report in detail but from these numbers it sure seems they are turning the ship around!

Oil and gas revenues of $15.1 million for Q2 2014 compared to $10.6 million for Q1 2014;
Discretionary cash flow of $(0.5) million, or $(0.01) per fully diluted share, for Q2 2014 compared to discretionary cash flow of $(5.2) million, or $(0.17) per fully diluted share, for Q1 2014;
EBITDAX of $4.8 million for Q2 2014 compared to $0.1 million for Q1 2014;
Operating loss of $(0.6) million, or $(0.02) per fully diluted share, for Q2 2014 compared to operating loss of $(2.2) million, or $(0.07) per fully diluted share, for Q1 2014; and
Net loss of $(6.7) million, or $(0.21) per fully diluted share, for Q2 2014 compared to net loss of $(8.3) million, or $(0.27) per fully diluted share, for Q1 2014.

Anyone know if they have Rocky 3 running at full capacity yet and if so what bearing it had on these numbers?