Conference Call Reviewed Q3 financials and listened to the conference call this morning.
Importantly, TPL now receiving $37.00 per barrel netback. At 4000 bopd in November and will be at 4,500 bopd by January 1, 2013. The increased netbacks and volume should give a very good positive cash flow. With Tajikistan revenues, I would estimate 2013 revenues of $65,000,000 - $80,000,000 next year. All three producing wells have not produced at the same time and TPL needs to see how they work together but could do more than 4500 bopd.
Robson seemed very bullish on the farm-in partner. He said not to underestimate its importance.