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I assume you just got that from MS, re the 400Kbo+ estimate for FY2008
If thats the case then FY revenue will be over $40 million as opposed to +$35mil current estimate.
They've aleady booked $30.7 mil revenue from 297kbo for Sept/Dec/Mar qtrs .
If FY2008 comes in at estimated 375kbo, 78kbo for June qtr, thats around $9.3mil revenue for June qtr @ av $120/brl and $40mil for the full FY2008
If we get 400Kbo for FY2008 as you suggest, then FY revenue should be well over $40mil.
Perhaps he's understating the outcome so they can significantly beat expectations ?
production target , page-4
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