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Gold/Mining/Energy : Daugherty Resources, Inc. (nasdaq: NGAS)

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To: sammaster who wrote (17)8/8/2005 10:57:14 AM
From: semi_infinite   Read Replies (1) of 59
 
A non O&G friend asked me to look at NGAS and I can't make heads or tails out of their business. I expected darn good growth in their gas production revenues and bottomline through the increasing price environment of the past few years but it's been flat. I realize they get a lot revenues from their drilling operations but I expect big increases in the gas production revenue and cash flow that should have been there since they own an increasing number of wells through working interesting participation in the wells they drill. Maybe it's high opex or capex but I thought they only do shallow wells. Comments appreciated
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