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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: energyplay who wrote (26159)	10/6/2003 7:22:15 AM
From: Ed Ajootian	Read Replies (2) of 206085

energyplay, I believe TMR will put something out between Nov 10 - 15. They have been putting on their earnings on the last day allowable for many of the recent quarters and this will be their first quarter with a new auditing firm. Also, they will not finish their pipeline to the next well cluster until mid-November, so it behooves them to hold off putting out 3Q until getting closer to the next round of drilling. My experience has been that E&P stocks do not react very much to earnings reports as a rule. Those that do (such as KCS) are usually due to the fact that they also take that opportunity to issue a comprehensive drilling update, and rarely put out news between quarters. The key thing that will get TMR stock moving is for them to show something like 92 mmcfe/d average production for the quarter, and say that production is still holding up above 90 mmcfe/d. This would be a confirmation that their BLM wells are not depleting too fast. Also, I believe they should have had their borrowing base redetermined by now, which will be interesting to see.

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