Time for my quarterly production forecast.
Here's the latest actual and prediction production figures (mmcfe):
1999A 2000 2001
1Q 4,972 4,844A 6,400
2Q 4,634 5,235A
3Q 3,972 5,500E
4Q 4,569 5,800E
Totals 18,147 21,379 ????
For 3Q, "only" a 5% increase over the prior quarter but the comparisons to the same quarter for the prior year are looking damn good. Maybe we will be pleasantly surprised by the Price Lake wells ramping up production as rumored. The big ramp up in production will be 1Q '01, primarily due to the East Breaks wells.
On an annual basis, it looks like they will produce about 18% more in this yr. vs. last year. Not too shabby considering that they only got to do about half of their planned drilling program.
As stated previously I still think their cash flow per share will start with a "5". |
