Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Think4Yourself who wrote (53222)	10/19/1999 5:39:00 PM
From: Douglas V. Fant	Read Replies (3) \| Respond to of 95453

JQP, OK I'll avoid the word "smoking" too...but I mentioned about a month ago that our company's business unit planned our 1999 business plan assuming a net price realized for oil of $9.62/bbl. This quarter our net realized price/bbl oil was $22bbl+... Now I "sandbagged" you a bit because I only mentioned only 1/2 of the profit/loss equation revenue.. The other portion is costs. Now costs... Per our 1999 we are still BELOW our projected planned 1999 capital budget... Yup that's right- below projected 1999 budget but revenues are more than double 1999 plan! And we're just an average E&P business unit I would say.... and NG prices are still rising too...