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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?


To: ACAN who wrote (16238)3/14/2006 10:17:15 AM
From: Galirayo  Respond to of 23958
 
[NGAS] It's getting close to your Target ..

As soon as the Mkt realizes the they had record production that made up for drilling that was off .. it may find a Bottom. Their Hit Rate was very good. They are drilling in the Heart of the Coal Belt.
155 gross (44.2 net) wells drilled, all successfully
biz.yahoo.com

Operational and Financial Highlights for 4Q 2005 versus 4Q 2004:

Average daily production was 5,538 Mcfe versus 3,925 in Q4 2004
Total production volumes were up 41 percent to 509.5 Mmcfe
37 gross (10.61 net) wells drilled, all successfully
Average realized natural gas prices were $11.54/Mcf, versus $6.88 in 4Q 2004
Oil and gas revenue increased 131 percent to $5.7 million, from $2.5 million in 4Q 2004
Gross profit margin increased 8 percentage points to 40.1%
Discretionary cash flow/share was $0.16 compared to $0.20 in 4Q 2004
Capital expenditures totaled $20.9 million
Acquisition completed for the Arkoma Basin coal bed methane assets of Dart Energy Corporation
31 miles of pipeline added to gathering system