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To: SliderOnTheBlack who wrote (51522)9/21/1999 11:13:00 AM
From: Think4Yourself  Respond to of 95453
 
That 60% hedge is actually a collar from $16 to $24 so I guess I don't see your point.

Regarding the numbers I came up with, in later posts I corrected for more accurate numbers, royalties, and taxes. What I didn't account for were the quarter over quarter increases in production TMR has experienced for 6 of the last 7 quarters. If you are referrring to the Thibadeaux #1 production being offline reducing production numbers, you need to go back and do some more research because you missed something VERY important :-)