q3 results a mixed bag, page-2

The numbers here are a bit deceptive Splain. You may recall that AMU actually only settled on the Raccoon Bend field on 1 December 2003. This was stated to be producing at 530 bopd - however the December production figures of around 10,000 barrels were NOT included in the qtr to December 2003, but were added to the March 04 qtr (ie. the quarter in comparison was artificially inflated). As such real production growth comparing March 05 to March 04 qtrs was actually 12 or 13% rather than a slight decline.