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
Just saw the November presentation on the Rival web site. Of interest to me are the drilling prospects, 11 wells in the last quarter of this year and 25 prospects in total (several for 06). None of these require purchase of additional land etc. Looks to me like they will be able to show very good sustained growth of production and reserves over the next two quarters (most drilling takes place in 4th and 1st quarters). I'm more impressed than ever.
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