Reason for missing deadline. Purchased 2 companies changed accounting firm in July and more work than expected. Have internal controlled issues. Then a lot of talk about how they have beefed up their accounting internally. Sarbenes-Oxally (sp) is part of this. Hired a lot of people. Brought in 2 big 4 accounting firms expected to be done by now, but are not. Approval from senior lenders for waivers
the numbers they released today are going to be very close. They wouldn't relase if they weren't sure. 60-65% oil and liquids. Big bump in production end of December. They have 2500 barrels of oil shut in now due to compressors and pipeline. This should restart April 1st.