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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Bearcatbob who wrote (31753)4/28/2004 8:34:09 AM
From: Ed Ajootian  Read Replies (1) of 206085
 
TMR -- Based on the company's IPAA slide saying production as of 4/21 was 90-100 mmcfe/d, and based on the stat for Feb BML production, I have reduced my 1Q production estimate slightly, to 92 mmcfe/d. I'm assuming that 4/21 production rate includes the latest Weeks Island well, which was not put on until after 1Q had ended. So that is telling me that they exited 1Q at about 90 mmcfd.

Not that the stock is trading on this metric of course, but I just thought I would throw that out to make sure folks don't get too disappointed by a small decrease in production on a sequential basis.

Based on the fact that they have already put 2 new wells onto production in this quarter and will probably have a third one producing for the last month, 2Q is looking pretty fine right around now, I would guess the daily average production # for 2Q will start with "1". And from here on out for as far as the eye can see, I can see quarterly production increasing at least 10% sequentially, an astounding rate of growth.
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