Updated fourth quarter results based on news release
Consolidated Statement of Operations for Fourth Quarter
Revenue for Fourth Quarter (TGA only after merger)
Total Revenue = $102,000,000
Revenue per share = $.95/share
Operating Costs:
Production cost $38,000,000
G&A $4,500,000
DD&A $13,500,000
Work Over $6,000,000
Change Over $5,000,000
Total Operating Cost $67,000,000
Net Revenue $102,000,000 - $67,000,000 = $35,000,000
Net Income before taxes $35,000,000
Tax expenses minus Rebates $14,000,000
Net income after taxes $21,000,000
Net EPS $.19/share
Adjusted EPS $.25/share
Production and Sales in Fourth Quarter will be less than the projections presented to stockholder prior to voting on merger. The net earnings per share will be more than the Third Quarter because taxes will be offset by TGA agreement with Egypt. Cash on Hand at the end of the Fourth Quarter is estimated to be $115,000,000 after final payments on CapX.
Note look like TGA made about 35,000,000. in the forth Qt
also i found this on another board
jmho