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Tengasco Inc. Message Board

  • oubobcat60 oubobcat60 Mar 5, 2013 7:03 PM Flag

    Record production ...BUT

    Tengasco production through November was 251,895 bbls. For all of 2011, production was 231,328.

    The one ray of good news is that Ververka C2 went up in production from 652 to 1457 bbls. All the other Veverka leases and all the Albers leases were down in production as were the other dozen or so leases I looked at. Some around 50 per cent. Was afraid to keep looking.

    I trust Bailey will announce that a geologist has been hired and we will be getting back to drilling, polymers, and workovers.


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    • Thanks Bobcat. crunching quick numbers, I imagine we got another two cents, maybe three with potential trash to cash; I can never factor in what we will add with a carry-forward tax writeoff, but if we could get a nickle there, that would put us in the neighborhood of 15 to 20 cents for the year. Sad that we already got .09 cents for the year and can't stay above 70 cents a share.

      If we can't see at least a dozen pennies for the year, what with oil remaing above $80 a barrel for the year and production up, then I might jump ship, especially with the "lack" of geologist staff on board.
      Best, NY bound for some R & R (musicals) MB

      Sentiment: Hold

      • 1 Reply to bropumaike
      • MB,

        Just to clarify . . . Current EPS (ttm) = $0.09. If TGC gets another two cents for Q4, the EPS (ttm) would be $0.07. If TGC gets another nickle for a carry-forward tax writeoff (or whatever you call it) the EPS would be $0.12. Don't get your hopes up to see EPS in the 15 to 20 cent range.

        Pro US Oil

        Sentiment: Hold

    • so should we be BUYING???

0.45-0.02(-4.30%)Sep 18 4:02 PMEDT

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