is there a reason longtom has cut production?, page-17

That downtime was just for a day (ie, 2/2/11). Its back to 39 TJ now (3 days later) so the drop must be due to scheduled maintenance, IMO.

They need more of these steady qtrly cashflow.

Dec end they did $19mil for 4.37 PJ + 35247 bocpd. (ie, CGR of 8.556 bbl/mmcf). Cash exp. was $16.6mil.

Cash on hand: A$20mil
Q1 '11 outflow: -$9.317mil
LT Rev say another +$20mil
cash blnc by March end: $31mil

Saves them tapping the mkt in the short term.

Hope RC gets a farmout for ES soon & mayb drill Auriga#1. IMO they've weathered the LT Hg scenario quite well.

Even the greats like Exxon-BHP JV r dealing with this Hg issue at Kipper field, that was drilled last year, worth a read this story from last month.

http://www.bloomberg.com/news/2011-01-19/bhp-says-gas-venture-costs-to-rise-by-1-1-billion-update1-.html