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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Ed Ajootian who wrote (15621)	12/10/2002 11:29:03 AM
From: kollmhn	Read Replies (2) \| Respond to of 206395

Ed- Are we reading the same 10Q?? Here's what ATPG said about operating cash flow: "Cash provided by operating activities in the first nine months of 2002 and 2001 was $30.7 million and $62.1 million, respectively. Cash flow from operations decreased primarily due to the decline in oil and gas prices from the first nine months of 2001, somewhat offset by the 16% increase in production. In addition, our significant decrease in development activity during the first nine months of 2002 allowed us to use available cash to reduce amounts owed to third parties. Restricted cash of $1.6 million represents funds set aside to satisfy payment conditions in our drilling contract for development in the U.K." This disagrees with your assertion that YTD CF is 42mm. How did you get your number? AS for the farm out, I believe they said they sold half interest for the buyer assuming a disproportionate share of development expenses ($17mm). What the whole deal is, we may never know but, $12mm of that is shown as a receivable. Anyway, I have been unable to score any reservoir estimates. Do you have figures for Helvellyn, Tors, West Cameron etc.?