Here are some numbers I put together from sec filings. I did my best at DD but the oil and gas space is new to me, so I can not guarantee accuracy.
2011 was the most productive year with peak production of 5366 boepd and total production for 2011 of 1667 mboe. Stock price was 1.29. I did not go back earlier because I got the impression that the numbers were unreliable and the stock price suffered severely as a result. Production declined all of 2012 and h1 2013 bottoming out around 4000 boepd at a stock price that well under a buck.
2013 production through sept was avg 4081 boepd; 1116 mboe. Even if you conservatively use an avg rate of 4081 boepd we end the year at a production total 1488 mboe which is 90% of 2011 production. The company had 3 updates about 4th quarter that stated production rates of 4300, 4700 and now 5084 boepd.
IMO, the numbers look good. What I don't know is what the street thinks. They drilled 26 wells in 2nd half to increase production by 1000 boepd. That seems like a hard slog, but as I said, I'm not an oil and gas guy and the o and g guys on this board appear to me to be pretty disappointed in production. They could probably give much better color on the history.
Never thought I'd see you over here. Where angels fear to tread….
Gross includes both TAT and their JV partners (there are a number of wells which they do not have a 100% working interest). The Net figure is that which is actually TAT's share of the production...the revenue from which flows to TAT.